Insight Category: Regulatory & Legal Updates
UAE’s first VAT’S App unveiled at GITEX by BSA Ahmad Bin Hezeem law firm Application to address all the queries with regard to value added tax under one platform Dubai, UAE, October 19th, 2016: Dubai-headquartered regional law firm, BSA Ahmad Bin Hezeem & Associates LLP has launched UAE’s first VAT’s App, during Gitex 2016. The… Continue reading UAE’s First VAT’S App...
Although, the UAE’s Islamic Economy has been growing, there are outstanding issueswhich have slowed development. Rima Mrad of BSA Ahmad Bin Hezeem & Associates LLP explains the problems and changes being taken to tackle them. Over the past four years, there has been considerable growth in the Islamic economy in the UAE, which as a… Continue reading The Islamic Economy Problems & Potential...
Anyone engaged in the UAE insurance market, whether on behalf of an insurer, claims administrator, broker, advisor, or other capacity, is aware that the various UAE based regulators with jurisdiction over the market have in the last several years, significantly increased both the number and scope of applicable regulations. Additionally, not only have the regulations… Continue reading Lost in Translation: Avoiding Regulatory Pitfalls...
1. An overview of the legal system in the Kingdom of Saudi Arabia, the Court structure, judiciary and legal representation. The Kingdom of Saudi Arabia (the “Kingdom”) is an Islamic monarchy that was established as a state on 23 September 1932 G. From its very beginning, the founders of the Kingdom have made it amply… Continue reading The Judicial System of the Kingdom of Saudi Arabia...
As a market participant, it is crucial to effectively communicate with the regulator to avoid pitfalls that arise out of misunderstandings with regard to expectations and applicable standards, explains Barry Greenberg. Anyone engaged in the UAE insurance market, whether on behalf of an insurer, claims administrator, broker, advisor, or other capacity, is aware that the… Continue reading Lost in Translation...
* GCC nations likely to implement VAT simultaneously on January 1, 2018 * Approximately 100 staple food items will be tax exempt * Education, social services and healthcare to be zero-rated The GCC finally approved the value-added tax framework early last month with Bahrain being the last signatory thereto, confirming that the GCC will impose… Continue reading Implementation of VAT in UAE: 10 things you need to know...
Ifyou’re off sick from work on Thursday and then again on Sunday, you’ll be taking more sick leave than you may realise… It’s widely known that theUAE labour law allows for 15 days of fully paid sick leave, but we’ve just discovered a slight catch – if you are sick before and after your off-days… Continue reading Here’s something you may not have realised about sick leave in the UAE...
One of the most attractive benefits in resorting to arbitration is a tribunal’s power to award costs. These would normally include the tribunal’s fees and expenses as well as those of any arbitral institution involved. However, as is now widely known in UAE legal circles, the parties must specifically empower the tribunal to award legal… Continue reading Awarding Legal Costs In Arbitration: A UAE Perspective...
The New Year arrived in Dubai, UAE, with more than the usual amount of spectacular fireworks this year, as anyone of the hundreds of thousands of people who gathered around the Burj Khalifa this past Thursday evening in anticipation of the annual New Year’s Eve fireworks, can attest to. As the crowds gathered, the nearby… Continue reading New Year’s Eve: The Dubai Address Fire...
Regional insight, global outlook Rooted in local heritage with a focus on building relationships, BSA Ahmad Bin Hezeem & Associates’ key strength lies in their ability to look beyond the law for their clients. It’s been a busy year at BSA Ahmad Bin Hezeem & Associates (BSA). Back in the Oath’s July/August issue, the firm… Continue reading BSA’s Firm Focus...