Insight Category: Regulatory & Legal Updates
With the Sharia Law, Federal Law, the law of individual Emirates and freezones all coming into play, UAE Inheritance Law can be complicated.Edouard Salwan, Senior Associate contributes to Emirates Law expert panel, and explains its impact on Emiratis, Muslim and non-Muslim expatriates with property and joint ventures in the Emirates.”To understand how succession and inheritance… Continue reading From Generation to Generation...
Although there is no separate bankruptcy law in Oman, both the Commercial Code of 1990 and the Commercial Companies Law of 1974 provide a framework for the bankruptcy of traders and liquidation of insolvent companies. Under the laws of Oman, bankruptcy of a person must be declared by the Court. Article 579 promulgates that, “Every… Continue reading Bankruptcy Proceedings in Oman...
1. Is a local partner required in any part of the construction process? A local partner is not required in any part of the construction process. As a matter of fact, article 8 of the Saudi Foreign Investment Law (SFIL) provides that a foreign firm (wholly owned by foreign investor(s)) licensed under the SFIL may… Continue reading Q&A: Legal Considerations for Construction in Saudi Arabia...
Owners’ associations (OA) have been in a somewhat tricky position since the introduction of value added tax (VAT) in the UAE in January. The exact rules and regulations remain unclear and at the heart of this confusion lies the simple question of whether OAs are tax exempt or not. The catch 22 position revolves around… Continue reading Jimmy Haoula in Gulf News on VAT and Owner’s Associations...
We are happy to announce the collaboration between BSA and International Comparative Legal Guides (ICLG) on the ICLG Insurance & Reinsurance Legal Guide for the year 2018. Michael Kortbawi, Partner at BSA’s Dubai office, a prominent Middle Eastern Insurance lawyer, has been a longtime contributorto regional Insurance legal guides for a number of publishers. In… Continue reading ICLG Insurance & Reinsurance 2018 Legal Guide...
Originally published on gulfnews.com John Peacock explains how the law treats a practice made infamous by speculators Property flipping is a term widely used in the US to describe the process of buying property and reselling it at a higher price, usually after making minor alterations or refurbishments. Technically the first buyer or the owner… Continue reading What is property flipping?...
John Peacock, Head of Indirect Tax and Conveyancing, and Tyne Hugo, Associate, wrote a comprehensive step by step process on how to register for VAT in UAE. The UAE VAT regime was implemented on 1 January 2018 putting into operation Federal Decree-LawNo 8/2017 on Value Added Tax and Cabinet Decision No 52/2017 on the Executive… Continue reading Step by step guide to UAE VAT registration...
John Peacock, Head of Tax and Conveyancing at BSA’s Dubai office wrote an article for Emirates Law (published in the April 2018 edition) comparing the implementation of VAT in the United Arab Emirates and the Kingdom of Saudi Arabia. As the GCC countries start to move away from the oil-based economy models, they introduce… Continue reading VAT: The UAE versus the KSA way...
First published on Whatson.ae So you’ve moved to Dubai and you’ve landed a sweet new job. You’re telling your mates about all the great perks – but as you compare notes with your fellow expats, you soon realise you might have missed out on a big one. Does your company have to pay for a… Continue reading Does your company have to give you an annual flight back home?...
by Michael Kortbawi The recent Zen Tower fire in Dubai Marina is the just the latest in a spate of high profile tower fires to sweep the city in recent years – Tamweel Tower in JLT in November 2012, the ironically named Torch Tower in Marina in February 2015 and once more in August 2017,… Continue reading The Impact of Dubai Fires: Fire Damage and Tenant’s Insurance – What Every Landlord & Tenant Needs to Know...