Insight Category: Regulatory & Legal Updates
There has been much speculation about the release of the new draft Investor Protection, which aims to codify the relationship between investors and developers. Mamoon Ashraf, corporate associate and Jimmy Haoula, Managing Partner at BSA Ahmad Bin Hezeem & Associates LLP (Former Bin Shabib and Associates (BSA) LLP) consider the proposed changes aiming to provide… Continue reading The Draft Investor Protection Law: Pros and Cons...
Mamoon Ashraf, corporate associate, BSA Ahmad Bin Hezeem & Associates LLP (former Bin Shabib and Associates (BSA) LLP) provides an overview and comparison of the key provisions of the UAE insolvency regime with the equivalent provisions established in the regime of England and Wales. He also examines the unique features of the proposed UAE federal… Continue reading Proposed Bankruptcy Law; Legal Sustainability or Loophole?...
Malpractice claims can prove to be a financially risky proposition. Michael Kortbawi and Barry Greenberg compare the professional liability landscape in the US and the UAE. The necessity of obtaining Professional Liability Insurance (PL Coverage) is a component of any prudent professional’s business plan. This article compares and contrasts the PL coverage landscape in the… Continue reading Professional Liability: A Prudent Business Plan...
A panel discussion on regulation took an interesting turn at the fifth annual Middle East and Africa Summit that was held in Dubai recently – a premium report. Regulations – are they a boon or bane to the industry? A panel discussion recently debated on the merits and demerits of regulations recently at the fifth… Continue reading Where Are Insurance Regulations Headed?...
Non-fire retardant cladding poses an enormous risk for high-rises in the UAE, write Barry Greenberg and Michael Kortbawi from BSA Ahmad Bin Hezeem & Associates LLP The recent fire at the Torch tower located in Dubai Marina raises several important concerns as to the safety of many of Dubai’s buildings, whether any measures can be… Continue reading Dubai Marina Torch Fire – What’s Next? Who Pays?...
The legislative battle against anti-corruption in the region began in the 1980’s. Mamoon Ashraf and Edouard Salwan of Bin Shabib and Associates look at how it has becoame a priority in the last 12 months. What’s been happening? The battle against bribery and corruption in GCC countries and their regional neighbours began in the 1980s,… Continue reading Prevention Is Better Than Cure – anti-Corruption In The Region...
Multinational companies, with offices in the UAE, have recently been facing conflict of law issues rising upon termination of an employment agreement when an employee is transferred abroad within their network of offices. Among the significant amount of claims handled by BSA, a classic case was one where an employee was arbitrarily dismissed without any… Continue reading How to Navigate Conflict of Laws for International Employees – UAE...
Forfeiture’ or ‘liquidated damages’ clauses feature in many commercial agreements, and more commonly in joint venture contracts in the oil and gas exploration and construction sectors. They are common in GCC contracts but the approach differs to common law jurisdictions.Most construction contracts contain a provision for liquidated damages to be paid in the event of… Continue reading Contract Watch: Forfeiture Clauses...
France and the United Arab Emirates are two key business partners. Approximately 350 subsidiaries of French companies are estimated to be settled in Dubai, whilst figures of the French presence in other Emirates has also been growing at a constant pace for more than ten years. The UAE can be appealing to French individuals as… Continue reading Tax matters In The UAE For French Individuals and Companies...
Cyrille Naffah, senior associate at the Saudi office of BSA Ahmad Bin Hezeem & Associates LLP, reports on a Saudi Arabian resolution to establish a new commercial arbitration centre in Riyadh that will oversee the activities of all arbitration providers in the kingdom and their compliance with its new arbitration law. In line with its… Continue reading Saudi Arabia: Government Paves Way For New Centre...