Insight Category: Regulatory & Legal Updates
Dubai Health Insurance – Violations & Fines Dubai Executive Council issued Executive Council Resolution No (7) of 2016 (Resolution) pertaining to fees and fines pursuant to Health Insurance Law (No 11 of 2013) of the Emirates of Dubai. As many of the readers are aware, The Dubai Health Authority promulgated Health Insurance Law (No 11… Continue reading Are You Complying or Not?...
There is a multitude of companies in the UAE that are owned by entities incorporated in “no or only nominal tax” jurisdictions (referred to herein as “noons”) such as the British Virgin Islands (BVI), Cayman Islands, Isle of Man, Jersey, Guernsey, Mauritius, Bahamas, Seychelles, Bermuda and the UAE (to name a few). Except for using… Continue reading Economic Substance Rules: How They Can Impact Your Business In The Uae?...
There is a multitude of companies in the UAE that are owned by entities incorporated in “no or only nominal tax” jurisdictions (referred to herein as “noons”) such as the British Virgin Islands (BVI), Cayman Islands, Isle of Man, Jersey, Guernsey, Mauritius, Bahamas, Seychelles, Bermuda and the UAE (to name a few). Except for using… Continue reading Economic Substance Rules: How Can They Impact Your Business in the UAE?...
An Overview In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued the Dubai International Financial Center (DIFC) Act No. 1 of 2019 on Insolvency (hereinafter referred to as the “New Law”). The New Law reaffirms the commitment of the… Continue reading The DIFC Insolvency Law: A First-Of-Its-Kind Procedure for Insolvency in Accordance with International Best Practice...
Saudi Arabia has become a key investment hub over the years as it seeks to diversify its oil-dependent economy. Abdullah Alanezi, Partner and Lujain Al Yousef, Associate, consider key aspects involved in setting up a business in the Kingdom. Over the years the Kingdom of Saudi Arabia (KSA) has become a place of interest for… Continue reading Investing in KSA...
In a recent construction dispute under a DIAC arbitration, between a main contractor (represented by our firm) and an employer, a tribunal decided to appoint a tribunal expert, after closure of proceedings and only a few weeks before the deadline for issuing the final award, without any other event occurring in the interim. The dispute… Continue reading Late Appointment of Tribunal Experts and Reopening of Closed Arbitral Proceedings...
UAE Federal Law No.1 of 2006 concerning electronic transactions and commerce (e-commerce law) regulates electronic signatures (e-signatures) in the UAE. The eCommerce Law recognises 3 types of e-signatures: 1. Protected e-signatures (Article 17 of the E-Commerce Law) This category of e-signatures is the most legally protected. Protected e-signatures are accepted as valid and have probative… Continue reading Is There a Specific Legislation Regulating E-Signatures in the UAE?...
Q1: Key considerations on how a multinational business can set up as a group in the region The United Arab Emirates (“UAE”) economy continues to flourish and be attractive to businesses from around the world. The potential options available to foreign multinational companies to undertake business or commercial activities in the UAE are set out… Continue reading Key Considerations For Multinational Business Looking to Setup in the UAE...
Introduction Ras Al Khaimah is one of seven’s emirates of the UAE. Recently the World Bank report pointed out, Ras Al Khaimahas one of the best economy for contract enforcements and “it’s Ease of Doing Business”. The reportplaces theUAE among the top 30 economies on the ease of doing business. Making UAE and the Middle… Continue reading H.H. Sheikh Mohamed Bin Soud Al Khasimi, Issues RAK Law No. 1 of 2019, to Establish Commercial Court in RAK...
Generally, labour-related matters in Oman, including recruitment and regulation of the expat recruitment process, are governed by Sultani Decree No. 35/2003 on the Promulgation of the Labour Law (the “Labour Law”). More recently, following the issuance of the Ministerial Decision No. 38/2018 by the Minister of Manpower (the “Ministry of Manpower”), a six-month ban on… Continue reading Oman Expat Recruitment Rules and Recent Restrictions...