An Introduction To Bankruptcy In The UAE

The UAE Bankruptcy Law is viewed as an improvement over the prior insolvency laws (as outlined in the Commercial Transactions Law), insofar as the Bankruptcy Law: 1. allows companies in financial difficulty the opportunity to reorganize their affairs in order to remain viable; 2. or in the absence of the ability to remain viable, allows…

Bancassurance Regulations in the GCC

Introduction Insurance distribution in the Middle East has traditionally been procured through the insurance intermediary markets, such as brokers and insurance agents despite the fast-growing alternative distribution channels available to insurance providers. Bancassurance is one of the fastest growing distribution channels of insurance in the Gulf Cooperation Countries (GCC), in addition to the influence of…

BSA and SAGIA Promote Foreign Investment in Saudi Arabia Throughout the UK and Ireland

The Saudi Arabian General Investment Authority (SAGIA), the authority for attracting, developing and enhancing international investment in Saudi Arabia, accompanied UAE-based law firm BSA Ahmad Bin Hezeem & Associates LLP (BSA) in hosting a series of business seminars in the United Kingdom and Ireland, to highlight key investment opportunities in Saudi Arabia. Titled ‘Doing Business…

Abu Dhabi Social Support Authority

The Emirate of Abu Dhabi, under the guidance of its leadership, aims to adopt a series of care programs and initiatives to improve the quality of life of its citizens by providing adequate housing, free health care, food support, and many other subsidised services that will enhance the life of citizens. In line with Abu…