Insight Category: Regulatory & Legal Updates
As the UAE continues its ascent towards fully digitising all government services, significant progress has been made in the healthcare sector. From a regulatory standpoint, it is interesting therefore to observe the development of the regulations surrounding medical data in the UAE. Federal Law It is well established that the UAE does not have dedicated… Continue reading Medical Data Protection...
On November 9th 2015 the Saudi Cabinet approved the text of the new Company Law, a move warmly welcomed by both the business and legal communities. The long-awaited piece of legislation (the previous Company Law had been enacted by Royal Decree No. M/6 dated 22/3/1385 H corresponding to G) introduces several major changes, filling many… Continue reading Saudi Arabia Revamps Its Company Law...
In the aftermath of last year’s Torch Tower blaze in the Dubai Marina amongst other recent fires in Dubai and other Emirates, a number of questions have been raised regarding the rights of tenants where their apartment has been damaged in a fire. It is particularly difficult for tenants when they have to move out… Continue reading When Your Rented Apartment Goes Up In Smoke...
The common practice is that the main contractor will contractually delegate various elements of its works to specialist subcontractors. Such subcontractors may be sourced and chosen by the main contractor or may be specifically nominated by the employer. The UAE CivilCode1 at Article 8902 expressly provides for the right of the main contractor to subcontract,… Continue reading Proposals For A Subcontractor’s Escape From A Conditional Clause...
In this article, Johnny El Hachem provides an overview of two significant projects in Lebanon: The Water Supply Augmentation Project and the Electronic Trading System. Water Supply Augmentation Project For years, Lebanon struggled with water shortages in the summer and fall. It only stores 6% of its water resources, compared to the regional average of… Continue reading Water Supply Augmentation Project: Electronic Trading System...
The job of an Insurance Regulator is not easy. The Regulator is called upon to make determinations that from time to time, will adversely affect the interests of a group or particular entity, and will thereafter face intense criticism from that group or entity. Meanwhile, the group or entity that benefits from that same determination… Continue reading Insurance Regulation – Finding a Balance...
The UAE Federal Insurance Authority (IA) has recently issued its new Resolution 7 of 2015, amending Resolution 9 of 2011 (issued by the Board of Directors of the Insurance Authority), concerning the instructions to license and regulate the control of the activities of the companies to manage medical insurance claims. This Resolution contains several important… Continue reading Legal update: Insurance Authority Resolution...
The Saudi General Investment Authority (SAGIA) and the Ministry of Commerce and Industry (MOCI) have recently announced that they were preparing joint studies to implement the directives of King Salman, following his latest visit to the US, aimed at allowing US and other foreign investors to fully own retail and wholesale businesses in the Kingdom.… Continue reading Saudi Arabia Considers Allowing Full Foreign Ownership Of Retail and Wholesale Business...
Iran Sanctions Agreement The 14th July announcement that the Islamic Republic of Iran and the E3 + 3 nations (the United States, Great Britain, France, Germany, Russia and China, together also known as the P5 + 1) have, after long running negotiations, entered into a comprehensive agreement whereby Iran accepted substantial limits on its ability… Continue reading Iran – Early Bird Benefits...
