Insight Category: Reports
The following article was originally published for BSA by IFC Review. The disruption caused by COVID-19 has had a wide-ranging effect on the world economy and the overall economic slowdown and disruption in the market has impacted the insurance sector as well, but the UAE insurance market seems to have emerged resilient and is continuing… Continue reading Insurance In UAE: Ready For The Big Leap...
The legal and regulatory landscape is constantly evolving, meaning businesses have to remain agile in order to continue to progress. The past 12 months have been a true testament to the importance of adapting to unprecedented situations as the COVID-19 pandemic wreaked havoc on entire economies. Arsalan Tariq discusses the trends and changes impacting businesses… Continue reading New Laws, Agile Teams...
The following article was originally published for BSA in Premium Insurance Magazine:The Concept of Healthcare/Medical Trust Can Medical Insurers offer new product structures to gain market share? Health Insurance is by far the largest line of risk, alongside motor insurance in the Middle East. Both lines of insurance tend to be mandatory in several of… Continue reading The Concept of Healthcare / Medical Trust...
The English High Court has recently handed down a judgement in a test case related to “Business Interruption” insurance in the context of the COVID19 pandemic, which provides an interesting angle in respect of coverage issues and general English law [insurance] contract interpretation. The Financial Conduct Authority v Arch and Others[1] essentially addressed the legal… Continue reading Recent Legal Developments in Business Interruption Insurance – Coverage Issues and Wider Implications perhaps for the Middle East...
In a recent arbitration, BSA’s team succeeded in defeating the operation of a pay when paid clause, triggered by a MEP subcontractor against BSA’s client, a security package subcontractor, by arguing the MEP subcontractor’s lack of pursuit of the security package subcontractor’s claim and in breach of good faith. The security package subcontractor (“SP-Sub”) was… Continue reading Pay-when paid clause defeated due to lack of pursuit...
Partner and Head of BSA’s Intellectual Property practice, Munir Suboh, has been selected by Asian Legal Business as a MENA Super 50 Lawyer. As part of the first MENA Super 50 Lawyers list, Munir was chosen, alongside other selected lawyers, based on client recommendations sent directly to Asian Legal Business via an electronic survey. To… Continue reading Munir Suboh selected as a MENA Super 50 Lawyer...
In the latest issue of The Mena Business Law Review Partner Lara Barbary and Senior Associate Robert Mitchleywrite about the new amendments to the UAE Foreign Direct Investment (FDI) Law. “The UAE Foreign Direct Investment Law was enacted on 23 September 2018. The key principle for non-UAE nationals (individuals or companies) to own up to… Continue reading New Developments – Foreign Direct Investment in the UAE...
What kind of legal protection against salary cuts and redundancy is afforded to employees in the UAE? The Ministry of Human Resources and Emiratisation (‘MOHRE’) has issued, on 26 March 2020, Ministerial Resolution no. 279 of 2020 (the ‘Resolution’) to help employers cope with the hardships arising from the COVID-19 outbreak. The Resolution enables private… Continue reading What kind of Legal Protection do Employees have against Salary Cuts and Redundancy in the UAE?...
An employer is currently legally entitled to have their employees work from the office. While a complete lockdown due to the COVID-19 outbreak is yet to be announced in the UAE, the government on Monday called upon the public to stay at home except in cases of necessity, including getting essential supplies, such as food… Continue reading Coronavirus in UAE: Know Your Current Rights as an Employee...
In line with other economic relief measures implemented by the UAE Government, the UAE Cabinet issued the Ministerial Decree number 20-2020, “the Decree” on 31 March 2020 which applies further reductions on official fees for 104 different services provided by the UAE Ministry of Economy. Trademark services in particular benefit from this decree as it… Continue reading UAE Ministry of Economy Responds by Reducing IP Fees...