UAE Practice On Restrictive Provisions and Penalty Clauses

It is common practice for parties entering into contractual arrangements to insert restrictive provisions constraining or limiting either of the parties’ legal or contractual rights.  Such provisions work to restrict a party from committing a certain act in the future, or oblige a party to perform a certain obligation at a predetermined time. The objectives…

Senior Associate, Barry Greenberg attends Insurance Leaders Forum 2015

Delegate at the Insurance Leaders Forum 2015. Hosted by informa on 12 – 14 May 2015 at the address Hotel Dubai Mall. Topic: Shaping The Future Of Insurance In The Middle East By Driving Efficiencies, Increasing Penetration and Sustaining Growth. The conference covered a range of topics including: Critical Regulatory Update: Assessing major regulatory and…

Tightening The Screw – Insurance Authority Prudential Regulations

Recent moves in the UAE and Oman mean an increasingly regulated Islamic Insurance sector throughout the GCC region. Barry Greenberg and Raghad Hammad of BSA examine these changes and their impact. What’s happening and why? The UAE has recently enacted new prudential Takaful regulations covering the Takaful insurance market and Oman is introducing similar  regulations.…