In recent years, the UAE has continuously updated its legal framework to enhance regulatory oversight and adapt to global financial trends. One significant development is the amended Federal Decree-Law No. 14/2018 on the...more
The off-plan property market in Dubai has been a magnet for investors, promising profitable returns and a vibrant real estate landscape. However, delays in the completion of off-plan properties can lead to significant...more
8/1/2024
/ Buyers ,
Delays ,
Dispute Resolution ,
Dubai ,
Maintenance ,
Project Management ,
Real Estate Development ,
Real Estate Investments ,
Real Estate Sales Contracts ,
Sellers ,
United Arab Emirates (UAE)
The UAE has taken a significant step forward in regulating space activities with Cabinet Decision No. 20/2023 on the Regulation for Ensuring Compensation of the Damage Caused to Third Parties While Practising Space Activities...more
The UAE has enacted Federal Decree-Law No. 38/2023, amending Federal Law No. 39/2006 on Mutual Judicial Cooperation in Criminal Matters. These amendments aim to enhance the efficiency and fairness of international judicial...more
In recent years, the global economy has witnessed the popularity and adoption of cryptocurrencies, with Dubai emerging as a notable player in this digital financial landscape. As the market for virtual assets continues to...more
In the UAE, adherence to traffic laws is essential to ensure road safety and orderly conduct. The legal framework governing traffic-related matters comprises Federal Law No. 21/1995 Concerning Traffic Law and Ministerial...more
In the UAE, the process for lawfully removing a manager from a company is governed by Federal Decree-Law No. 32/2021 on Commercial Companies. This comprehensive legislation outlines the procedures and requirements for the...more
In accordance with Federal Decree-Law No. 13/2022, which establishes the Unemployment Insurance Scheme (UIS) in the UAE, individuals can claim Insurance for Loss of Employment (ILOE) to navigate post-termination situations. ...more
In commercial transactions, the process of recovering debts owed by companies may sometimes necessitate legal intervention. Under Federal Decree-Law No. 42/2022 on Civil Procedure Law, specific procedures are outlined for the...more
Air travel has become an indispensable part of modern-day life, offering convenience and efficiency for millions of passengers worldwide. However, with this convenience comes the responsibility of ensuring the safety and...more
The Federal Decree-Law No. 14/2018 on the Central Bank and the Organisation of Financial Institutions and Activities, along with its recent amendments outlined in Federal Decree-Law No. 54/2023, has introduced significant...more
5/7/2024
/ Auditors ,
Banking Sector ,
Customer Protection Rule ,
Digital Currency ,
Electronic Banking Rules ,
Financial Institutions ,
Financial Services Industry ,
Investors ,
Money Laundering ,
Terrorism Funding ,
United Arab Emirates (UAE)
In recent years, the UAE has taken significant steps to enhance transparency and combat financial crimes within its business landscape. Central to these efforts is the identification and regulation of Ultimate Beneficial...more
In recent years, the world has witnessed rapid growth in the popularity and adoption of virtual assets, including cryptocurrencies, non-fungible tokens (NFTs), and various other digital assets. With this rise, however, comes...more
4/24/2024
/ Central Bank Digital Currency (CBDCs) ,
Digital Assets ,
Digital Service Providers ,
Financial Markets ,
Financial Services Industry ,
Investors ,
Non-Fungible Tokens (NFTs) ,
Regulatory Requirements ,
United Arab Emirates (UAE) ,
Unlicensed Professionals ,
Virtual Currency
The Ministry of Economy in the UAE has recently introduced a comprehensive list of violations under Cabinet Decision No. 66/2023 concerning the Executive Regulation of Federal Law No. 15/2020 on Consumer Protection. Federal...more
4/3/2024
/ Commodities ,
Consumer Complaint System ,
Consumer Protection Laws ,
Contests & Promotions ,
False Advertising ,
Ministry of Economy ,
Misrepresentation ,
Monopolization ,
Penalties ,
Product Labels ,
Suppliers ,
United Arab Emirates (UAE)
The liquidation of a company is a pivotal process governed by legal regulations in the UAE. Understanding the intricacies of liquidation proceedings is essential for stakeholders involved in company dissolution. Federal...more
3/19/2024
/ Corporate Dissolution ,
Creditors ,
Debt ,
Division of Assets ,
General-Business ,
Insolvency ,
Inventory ,
Liquidation ,
Partnerships ,
Reporting Requirements ,
Shareholders ,
Sole Proprietorship ,
United Arab Emirates (UAE)
In a significant step, Federal Decree-Law No. 36/2023 has assumed control, replacing the previous competition regulation law (Federal Law No. 4/2012) in the UAE. This new legislation represents a remarkable development,...more
3/12/2024
/ Abuse of Dominance ,
Anti-Competitive ,
Competition ,
Consumer Protection Laws ,
Economic Growth ,
Goods or Services ,
Monopolization ,
New Legislation ,
Penalties ,
Regulatory Reform ,
Unfair Pricing ,
United Arab Emirates (UAE)
The Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), establishes the legislative framework for imposing federal tax on corporations and business profits in the UAE. This...more
In the UAE, Bank Loans Offered to Individual Customers are governed by Regulation No. 29/2011 Regarding Bank Loans & Other Services Offered to Individual Customers. Additionally, the Central Bank of the UAE issued Central...more
Introduction-
The UAE has recently taken a groundbreaking step in mental health care with the implementation of Federal Law No. 10/2023 on Mental Health. The Mental Health Law prioritizes the rights of individuals...more
2/19/2024
/ Health Care Providers ,
Healthcare ,
Healthcare Facilities ,
Medical Monitoring ,
Medical Records ,
Mental Health ,
Mental Illness ,
Patient Rights ,
Recordkeeping Requirements ,
Therapeutic Services ,
United Arab Emirates (UAE)
Introduction -
The UAE has a comprehensive legal framework governing labour relations and financial crimes. Employers in the UAE have clear guidelines for terminating workers without notice in the case of serious offences,...more
In the dynamic world of finance, where businesses seek expert guidance on budgeting, debt management, and fundraising, financial advisors play an essential role. In the UAE, the Securities & Commodity Authority (SCA) has...more
Introduction:
In any dynamic economy, financial challenges can arise, leading individuals and businesses to face insolvency. To address these situations and provide a structured outline for resolving them, the UAE enacted...more
Workplace harassment is a critical issue that affects employees' well-being and can lead to a toxic work environment. The UAE's labour laws play a crucial role in regulating employment relationships, ensuring employee...more
The UAE has demonstrated a strong commitment to combating money laundering, terrorist financing and the financing of unlawful organizations. This commitment is reinforced by Federal Decree-Law No. 20/2018 and its amendments,...more
Property rights and the protection of personal belongings are essential aspects of any society governed by the rule of law. In the UAE, specific laws and regulations are in place to safeguard property....more