Insight Category: Regulatory & Legal Updates
by Antonios Dimitracopoulos After what is understood to have been very lengthy and thorough deliberations, on 3 May 2018, Federal Law No 6 of 2018 concerning arbitration (i.e. “the New Arbitration Law”) was issued, taking force and effect a month after its publication in the Official Gazette. The New Arbitration Law repeals Articles 203 to… Continue reading The New UAE Arbitration Law: it is not what it says but how you read it...
The UAE’s commitment to sharing financial data on individuals and entities under Common Reporting Standards (CSR) has been furthered reinforced by the Insurance Authority Board of Directors Decision No. 32 of 2017 Concerning the Common Reporting Standard Regulation. The Common Reporting Standard is the brainchild of the OECD (Organization for Economic Cooperation & Development) and… Continue reading Common Reporting Standards in the UAE...
