Insight Category: Regulatory & Legal Updates
In a region that places an unusually high level of importance on procedure, lifting dispute resolution clauses from dusty contracts where they have been hibernating in silence and never tested in practice, has so far proven to be not the wisest way to save on legal fees. Many have had their fingers burned in the… Continue reading Drafting Dispute Resolution Clauses in the UAE...
New Memorandum Of Guidance On Reciprocal Enforceability of Judgments Enhances Trade And Investment Links Between UK and Dubai promoting DIFC Courts as Leader in International Commercial Dispute Resolution. 23 January 2013 the Dubai International Finance Centre Courts (DIFC Courts) and the English Commercial Court of the Queen’s Bench Division, England and Wales (Commercial Court) signed… Continue reading Strengthening Ties between The UK and Dubai...
Jimmy Haoula talks to Calcus about effectively addressing diverse businesses through innovation. Tell us about BSA Ahmad Bin Hezeem & Associates LLP ( former Bin Shabib & Associates)? BSA Ahmad Bin Hezeem & Associates LLP ( fomer Bin Shabib & Associates LLP) is one of the first law firms to be registered by the Dubai… Continue reading Compelling Ingenuity in a Legal Framework...
Michael Kortbawi and Irshied Tayeb of BSA Ahmad Bin Hezeem & Associates LLP (Former Bin Shabib & Associates) discuss the new mandatory healthcare scheme in Dubai. Health insurance is a high priority for all developed nations; America serves as a great example with the recent enactment of Obamacare. Mandatory healthcare in the Middle East started… Continue reading Mandatory Healthcare In The MENA Region...
Want to stay on the right side of UAE law? And know what to do should you get on the wrong side? Here’s the essential info you should be armed with at all times. Adultery Under Sharia (Islamic law), adultery is strictly forbidden and punishable in court. Those found guilty face up to three years… Continue reading UAE – The Laws You Need To Know...
The insurance landscape in the MENA region has changed rapidly over the past five years, presenting challenges and opportunities for the various players. Mr Irshied Tayeb and Ms Liz Zamorski of Bin Shabib & Associates discuss the developments in the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar, and the interplay with regulations in these markets.… Continue reading MENA Insurance Potential and The Regulatory Role...
Proposed regulatory changes penciled to be introduced within the next two to three years are expected to boost consolidation among GCC insurance companies, local bankers, attorneys, and industry sources told Mergermarket. Michael Kortbawi, partner at BSA Ahmad Bin Hezeem & Associates LLP (former Bin Shabib & Associates) discusses the issues surrounding M&A activity in the… Continue reading M&A In The Insurance Sector...
Islamic finance is part of the sevenpillared plan to make Dubai a global capital of Islamic industry, economy and finance. There have been several recent developments and initiatives undertaken in order to achieve this objective, which was declared last year by Sheikh Mohammad Rashid Maktoum, the prime minister and vice-president of the UAE, and the… Continue reading UAE Country Report: Dubai A Global Capital For Sukuk...
The past month witnessed the announcement of several pieces of groundbreaking news fostering the growth and presence of Shariah compliant products in the Middle Eastern market. The latest developments are pushing hard at the limits and boundaries of the Islamic finance industry as serious new players are coming on board. Goldman Sachs Sukuk: Goldman Sachs… Continue reading Country Report – UAE: Leading The Way In The Middle East...
The method used to tap the real attitude of the main Islamic industry players in Lebanon has raised several questions: • Can Lebanon be an attractive hub for the Islamic finance industry? • Can Lebanon attract those investors? • What can Lebanon offer? • What is the real problem, if any, impeding the newborn finance… Continue reading Country Report: Status Evaluation Of The Islamic Finance Industry In Lebanon...