Insight Category: Regulatory & Legal Updates
Real estate investment funds (“REIF”) are currently a topic on everyone’s agenda given the introduction of new regulations aiming to attract more foreign capital to the REIF’s industry as part of the Government’s plan to strengthen the United Arab Emirates position as a global destination for real estate investments. The Decree No 22 of October… Continue reading Dubai real estate investment funds...
Throughout 2022, the United Arab Emirates (UAE) has reaffirmed its ongoing commitment and efforts to strengthen its regulatory framework in relation to anti-money laundering (AML) and counter terrorist financing (CFT). As a country that has become an important global financial center for doing business, the UAE has reiterated its commitment in working with the international… Continue reading Anti-Money Laundering and Compliance: The Latest Regulations...
In keeping with the UAE’s strategic objectives and improving its legislative landscape to meet all modernization criteria, the UAE has endeavoured to improve and enhance all IP legislations over the course of the past two years. The UAE marked its 50-year anniversary with the amendment of many of its laws, all with a focus of… Continue reading The Latest Legal & Regulatory updates impacting Intellectual Property in the UAE...
DIFC Court of First Instance Maintains Expansive Jurisdiction of DIFC Courts The jurisdiction of the DIFC courts continues to expand. In a recent Order issued on 25 November 2022, Justice Sir Jeremy Cooke refused to vacate a worldwide freezing injunction against four defendants even though it was common ground that the defendants did not fall… Continue reading The Latest Legal & Regulatory updates impacting Arbitration and DIFC Litigation in the UAE...
Dubai International Financial Center (DIFC) Courts last month announced the launch of the world’s first international Digital Economy Court; a specialized court aimed at providing the best legislative environment to boost the growth and sustainability of digital economy enterprises. BSA Senior Associate, William Prasifka recently spoke with Al Arabiya English to weigh in on how the… Continue reading Dubai’s Digital Economy Court: How does it work and what cases will it look after?...
As the UAE’s new Personal Status Law was recently officially enacted, recognizing civil marriage in the country for the first time. BSA’s Maroun Abou Harb spoke to Al Arabiya English who discussed what this new law will mean when it comes to divorce and child custody. The United Arab Emirates has taken a huge step forward… Continue reading Civil marriage, divorce: UAE Personal Status Law takes effect...
2022 saw a full host of legal and regulatory updates announced in the Sultanate of Oman, aimed at achieving the objectives set out in the 10th Five Year Plan (2021 – 2025). 35 regulations have been issued since 2020 specifically aimed at the improvement of the business climate. This progress affirms that Oman is on… Continue reading The Legal and Regulatory Changes Impacting Oman...
Tyne Hugo and John Peacock discuss the recent significant UAE VAT Law changes for ‘Lexis Middle East Gulf Tax’. Federal Decree-Law No. 18/2022 brought in a number of changes to the UAE VAT Law, Federal Decree-Law No. 8/2017 in September 2022. These took effect on 1 January 2023 and there are a number of particularly… Continue reading UAE VAT Law: A Legal Practitioners Perspective...
The following chapter, written for ICLG.com, covers Telecoms, Media and Internet Laws and Regulations in the UAE. The chapter can also be read here: Telecoms, Media and Internet Laws and Regulations. 1 Overview 1.1 Please describe the: (a) telecoms, including internet; and (b) audio-visual media distribution sectors in your jurisdiction, in particular by reference to… Continue reading ICLG: An update to the TMT Laws and Regulations in the UAE for 2023...
The UAE unemployment insurance scheme recently came into effect, as such Simon Isgar provided an in-depth look at the scheme for Premium Magazine. The United Arab Emirates’ new unemployment insurance scheme came into force on 1st January 2023, providing an income protection for expatriate residents and citizens should their employment be terminated subject to satisfying… Continue reading UAE Unemployment Insurance: A Welcome Change...