Insight Category: Regulatory & Legal Updates
From asking your bank for a mortgage payment holiday or knowing where you stand when it comes to defaulting on your payments, legal experts in the United Arab Emirates explain what can and can’t be done to relief and aid homeowners during this time. With businesses struggling to operate as usual all over the globe… Continue reading Mortgage Holidays in the UAE during the Coronavirus Pandemic...
The Federal Tax Authority (FTA) has issued a directive extending the filing date for their VAT Return for the Tax Period ending 31 March 2020, from 28 April 2020 till 28 May 2020. The payment of the VAT due for this Tax Period will also only be payable on 28 May 2020. This extension should… Continue reading Extension Granted for Filing of VAT Returns with FTA...
In order to facilitate the registration of real properties in Dubai during the COVID-19 lockdown period, the Dubai Land Department (DLD) and the Registration Trustees have implemented a procedure by which buyers and sellers can finalize the registration processes without physically being present in the Registration Trustees offices or even in the United Arab Emirates.… Continue reading Remote Property Registration: Remote Process...
The circumstance that is being witnessed by the world, is the outbreak of the coronavirus pandemic, has led governments to take preventive actions to curb the spread thereof. Such an approach has also been taken by the Government of the Sultanate of Oman in order to control the disease and curb its spreading. Naturally, and… Continue reading The Employer’s Authority to Organize Work Amidst the Coronavirus Crisis...
The United Arab Emirates (UAE) Insurance Authority recently published the Insurance Authority Board of Directors’ Resolution No. 18 of 2020 on Electronic Insurance Regulations dated 27 April 2020 (“the Regulation”). The first draft of these regulations was published in January 2019, and after public consultation and discussion, a revised draft was published in December 2019,… Continue reading Electronic Insurance Regulations Issued...
Context One of the key strategic aims of Saudi Arabia’s Vision 2030 is to shift its oil-dependent economy to a knowledge-based economy. This multifaceted endeavor involves an extensive web of interweaving projects, initiatives and funds geared towards achieving this ambitious and important aim. Vision 2030 has identified the proliferation and success of small and medium… Continue reading KSA – The Premier Hub for Startups in MENA by 2030...
While the overall economic slowdown and disruption in the market has had some impact on the insurance sector as well, the UAE insurance market still seems to be going strong. Market reports state that Loss Ratios continue to present a positive outlook and the total written premium of the Industry for the half-year ended 2019… Continue reading UAE Insurance Regulatory Round-up 2019...
In a bid to boost investment in Dubai and based on the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, a new package of fee waivers for various government services has been approved on February 5th, 2020 by Sheikh Hamdan Bin Mohammed Bin Rashid Al… Continue reading New Package of Fee Waivers for Various Government Services in the UAE...
Arsalan Tariq has been named Partner at BSA Al Rashdi & Al Barwani Advocates and Legal Consultants in Oman. Practicing since 2009, Arsalan specializes in Islamic and conventional finance, bilateral and syndicated project finance, acquisition finance, Islamic product development, cross-border financing and financial restructuring. Arsalan will continue working from BSA’s DIFC office in Dubai, attending… Continue reading Arsalan Tariq has been named Partner at BSA Al Rashdi & Al Barwani Advocates and Legal Consultants...
