UAE Approves Long-Term Visa System

In the latest update to the United Arab Emirates (UAE) visa system, the UAE Cabinet has approved the highly anticipated long-term visa for investors, entrepreneurs, specialized talents, researchers in the fields of science and knowledge and outstanding students. The purpose of the new visa will be to encourage investment within the UAE as well as…

DIFC Announces New Laws & Regulations

As of November 12th, 2018, the following Laws and Regulations are effective in the DIFC: Companies Law, DIFC Law No. 5 of 2018 Companies Regulations Operating Law, DIFC Law No. 7 of 2018 Operating Regulations Ultimate Beneficial Ownership Regulations All companies operating within the jurisdiction of the DIFC must ensure full compliance with the above…

The UAE Foreign Direct Investment Law

A landmark law that will allow foreign investors to own 100 percent of companies in the United Arab Emirates, limited to specific industries, will be fully implemented by the end of 2018. The UAE Cabinet decision approved on May 20th, 2018 is the latest in a string of the legislative developments aimed at stimulating economic…

BSA Ahmad Bin Hezeem & Associates Appoints New Head of Insurance in Dubai

BSA Ahmad Bin Hezeem & Associates LLP, one of the region’s leading law firms, has announced the appointment of Simon Isgar as Head of Insurance. A qualified barrister, Simon previously headed up Kennedys Dubai LLP’s MENA corporate and regulatory insurance practice. He joins BSA’s growing team of corporate lawyers, to form the largest corporate insurance practice in…

Public Benefits from Free Legal Clinic

Members of the public received free legal advice at a one-day, walk-in legal clinic, organised by the Department of Economic Development (DED) in Dubai and BSA Ahmad Bin Hezeem & Associates LLP. Answering queries on all aspects of corporate and civil laws, a team of twenty-five expert lawyers from BSA provided support and practical advice…

On Firm Foundations

As the UAE construction industry continues to flourish, Robert Mitchley, Associate at BSA Ahmad Bin Hezeem & Associates LLP contributes to Emirates Law expert panel, explaining the laws impacting contracts, liability, planning and building regulations. Read full article here

Joint Property Development Agreement

Introduction Real property development in the United Arab Emirates (“UAE”) is often undertaken on a joint venture basis. The reasons are not dissimilar to other jurisdictions, and include the sharing of risk, specific development expertise, ownership restrictions of the real property and the increase in public private partnerships. It is vital that the joint development…

Down With The Details

Earlier this year Saudi Arabia issued a historic new Bankruptcy Law (Saudi Arabia Royal Decree No. M5/1439 and Saudi Arabia Cabinet Decision No. 264/1439), the Kingdom’s Council of Ministers has adopted the new law’s Implementing Regulations in Saudi Arabia Cabinet Decision No. 622/1439 which was published in the Official Gazette, Issue 4744 on September 4,…