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COVID-19 Update – United Arab Emirates #2

Whatever your business—whether you are an investor looking at new investments, managing existing positions or planning exits, or a corporate concerned with protecting and enhancing your business—the current public health...more

COVID-19 Update – United Arab Emirates

Whatever your business—whether you are an investor looking at new investments, managing existing positions or planning exits, or a corporate concerned with protecting and enhancing your business—the current public health...more

New Guidance on Application Programming Interfaces (APIs) in the ADGM

On October 14, 2019, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) published guidance on the development and use of Application Programming Interfaces (APIs), including their design,...more

Bahrain Ministry of Justice to Act as Data Protection Authority

Bahrain’s Ministry of Justice will temporarily assume the functions and powers prescribed to the Data Protection Authority (the “Authority”) under Bahrain’s new Personal Data Protection Law. (Decree No. 78 of 2019.) It will...more

ADGM Entities May Now Own Property in Abu Dhabi

Qualifying Abu Dhabi Global Market (ADGM) entities, including special purpose vehicles, foundations and real estate investment funds, may now hold title to property in Abu Dhabi (onshore and in the free zone) thanks to an...more

Bahrain’s New Data Protection Law Now in Force

On August 1, 2019, Bahrain’s Personal Data Protection Law (PDPL) (Law No. (30) of 2018) took effect. The PDPL aims to align Bahrain’s data protection framework more closely with global best practices and regulates the...more

United Arab Emirates allows 100 percent foreign ownership in various sectors

On July 2, 2019, the United Arab Emirates (the “UAE”) Cabinet approved a total of 122 economic activities across 13 sectors to be eligible for up to 100 percent foreign ownership (the “Positive List”). These sectors include...more

New DIFC Insolvency and Employment Laws Enacted

On the 11th and 12th of June, 2019, the Ruler of Dubai enacted new insolvency and employment laws in the Dubai International Financial Center (DIFC). The new insolvency law came into force on June 13, 2019 while the new...more

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