Insight Category: Regulatory & Legal Updates
It is crucial for businesses to start the preparation process early, as an understanding of the potential impact of VAT on the business will reduce friction in the ongoing process. VAT liabilities are generally self-assessed, with errors often leading to harsh penalties, time-consuming interactions with local tax authorities, or business disruptions. Raghad Hammad, Senior Associate… Continue reading New VAT Implications Impacting The Region – Key Measures To Consider For Insurers In The GCC...
Technological development has been put at the heart of the UAE’s economic development strategy and is being supported at the highest level. Emirates Law expert panel, including Nadim Bardawil, Senior Associate in BSA’s DIFC office in Dubai, look at the areas which are being prioritised and the legal and financial support being provided to innovators.… Continue reading The Digital Dawn...
Dubai Law 19 of 2017, amends Article 11 of Law 13 of 2008, (which was previously amended by Law No 9 of 2009), will affect those purchasers who, having purchased a unit off plan, breach the sale agreement. The new law has provided further requirements and more detail to the procedures which a developer is… Continue reading Explained: Dubai’s new off-plan property purchase law...
Business practices are changing. Markets are becoming more global and employees are on the move around the world. Employees are key assets driving sales, productivity and profit over different markets. It is therefore vital that your non-compete agreements keep up with these changes to protect your business. This is a challenge when the legal framework… Continue reading Guide to Employee Non-Compete Agreements in EMEA...
This guide offers the reader a comprehensive overview of employee monitoring in the UAE, highlighting what merits an employer has to monitor their employee. The guide highlights the legalities of monitoring using different communication mediums, including CCTV, biometrics, device monitoring and covert surveillance. It also gives a brief overview on employee access rights and penalties.… Continue reading Overview of Employee Monitoring in UAE...
Blockchain, developed in response to the emergence of cryptocurrencies, is an ever-growing list of records that irreversibly stores all details of transactions, once a transaction has been completed it forms part of the blockchain permanent database. The blocks are linked and secured using cryptography, ensuring that they remain tamper-proof and safe from hacking. The data… Continue reading The Impact of Cryptocurrencies and Blockchain in UAE...
The United Arab Emirates (UAE) is one of the most attractive business markets on earth. However, setting up a business here can be rather tedious if you are not familiar with the country. The UAE requires a particular method for setting up a company which should not take long once you have all the required… Continue reading Setting up a company in the UAE...