JAFZA Announces Economic Substance Regulations Notification Deadline

JAFZA Announces Economic Substance Regulations Notification Deadline JAFZA has issued its guidance in its Annual Economic Substance Notification Form User Guide with respect to the Economic Substance Regulations (ESR). Any Licensees who have carried out a Relevant Activity during their first reportable year must submit their Economic Substance Notifications on or before 30 June 2020…

Health Insurance in the UAE – Capitation Schemes Confirmed Unlawful by the Insurance Authority

The United Arab Emirates (UAE) Insurance Authority (IA) has confirmed that capitation schemes related to the health insurance business in the UAE are unlawful and all IA, authorized and licensed entities must immediately cease the operation of such schemes. Circular No (17) of 2020 for the Cessation of Violating Practices dated 2 June 2020 (the…

DIFC Data Protection Law 2020

The long-awaited revamp of the data protection regime has finally arrived in the DIFC. As one of the first jurisdictions in the Middle East to draft a stand-alone data protection law, the DIFC has always stood on the forefront of ensuring that the best standards of privacy and data protection would be a key building…

Saudi Arabian Labor Law amended to cover COVID-19

The Saudi Arabian Ministry of Human Resources and Social Development (“MHRSD”) has issued several resolutions and directives to deal with the measures taken in relation to employee entitlements during COVID-19. Notably, Article 41 has been inserted in the Implementing Regulation of the Labor Law, which enables the employer and employee – for a period of…