Insight Category: Reports
Potential Compensation Sources The tragic and catastrophic explosion that occurred in Beirut, beyond the immediate health and safety concerns, raises important and potentially time-sensitive considerations involving obtaining compensation for property damage sustained due to the blast. While all are most appropriately concerned with the loss of life and serious injuries inflicted upon the population, the… Continue reading Beirut Blast – You May Have Coverage for Damage...
The emirate of Ras Al Khaimah (RAK) has now allowed 100% foreign ownership to companies in the mainland in order to attract more foreign direct investment (FDI) into the emirate. The RAK Economic Zone (RAKEZ), the free zone, home to 15,000 companies, announced the new company formation structure under the emirate’s programME to attract more… Continue reading 100% Foreign Ownership now Allowed in Mainland Ras Al Khaimah...
Two weeks ago, more than 2,000,000 people living in the City of Beirut survived the impact of one of the biggest explosions in the history of mankind. The devastating explosion in the Port of Beirut on August 4, 2020, left the whole world overwhelmed. We were all damaged by this horrible explosion in one way… Continue reading Aftermath of the Beirut Port Explosion: Between Law, Insurance & Sympathy...
BSA has recently made a partner-level personnel move for its Muscat office. Arsalan Tariq was hired two years ago by BSA’s, DIFC office and promoted to Partner at BSA’s Muscat office in January 2020.Now, Arsalan physically moves to BSA’s Muscat office as a Partner and Head of the Corporate Department. In his new role, Arsalan… Continue reading Arsalan Tariq moves to BSA’s Muscat office as a Partner and Head of the Corporate Department...
Promotions Arsalan Tariq has been named Partner at BSA Al Rashdi & Al Barwani Advocates and legal consultants. 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 events… Continue reading BSA Ahmad Bin Hezeem & Associates LLP are Expanding at a Rapid Rate with Promotions and Strategic Additions Across the Firm...
The Foreign Direct Investment Law (Decree No 19 of 2018) established a framework enabling up to 100% foreign ownership of UAE businesses, outside of the designated freezones. Previously, foreign ownership was restricted to 49%, and ownership of at least 51% by a UAE national or company was mandatory. The several possibilities put forward by this… Continue reading Groundbreaking Changes for Foreign Direct Investment in the UAE...
Expo 2020 will be hosted in Dubai at the end of the year for 173 days, which brings much excitement and potential world trade and business opportunities to the region. While the Emirates of Dubai has developed exponentially over the last several years, (both in terms of trade and commerce, and the construction of new… Continue reading Dubai EXPO 2020 – Decennial Liability & Decennial Liability Insurance...