UAE Anti-corruption & Bribery 2019

Anti-corruption Q&A 1. Legal and enforcement framework 1.1 Which legislative and regulatory provisions govern anti-corruption in your jurisdiction, from a regulatory (preventive) and enforcement (criminal) perspective? 1.1.1 The United Arab Emirates (UAE) has been fighting bribery and corruption since the 1980s with the enactment of Federal law 3/1987 otherwise known as the UAE Federal Penal…

UAE: Fintech (2nd Edition)

1. What are the sources of payments law in your jurisdiction? The United Arab Emirates (“UAE”) consists of “onshore” (“UAE Onshore”) and financial free zone jurisdictions, to which different sources of payments law apply. There are currently two financial free zones in the UAE: the Dubai International Financial Centre (the “DIFC”) and the Abu Dhabi…

The Dispute Resolution Question Time 2019

The GCC’s top legal experts returned to Construction Week’s Dispute Resolution Questions Time  2019 conference in Abu Dhabi to demystify the root causes of construction claims, share insights on dispute avoidance and resolution mechanisms, and debate the benefits of alternative dispute resolution methods. Partner Antonios Dimitracopoulos shares his views during the panel discussion.

UAE Leads for Ease of Doing Business

In total, 1990 economies were assessed in the report. Among the four reforms introduced last year, the UAE made starting a business less expensive by reducing the fee for business incorporation; dealing with construction permits was also made easier by using a risk-based approach to reduce the number of inspections; increased minority investor protections were…