Finance for SMEs

SME 10x: The Future of Finance for SMEs

The Future of Finance for SMEs In recent years, the governments of the Gulf Cooperation Council (GCC) have moved to reduce their reliance on hydrocarbons, designing ambitious strategic plans to develop into innovation-led economies within a 15- to 30-year horizon. One aspect of these policies has been to promote technology-backed and data-driven industries, particularly in…

UAE Construction claims

The practical obstacles in leading UAE construction claims

The practical obstacles in leading UAE construction claims Construction claims are arguably the most complex claims in the legal sector. This is mainly due to the complexity and the technicalities of the project in question. It is well-known that the more complex the project, the more complex the potential dispute. Considering their complexity, in litigation, the counsel…

UAE Bankruptcy Law

UAE Bankruptcy Law Amendments: Directors’ and Managers’ Personal Liability

UAE Bankruptcy Law Amendments The UAE Federal Decree-Law No. 9 of 2016, known as the Bankruptcy Law, has been amended pursuant to Federal Decree-Law No. 35 of 2021, to clarify the circumstances under which a debtor’s directors and managers may be held personally liable for the company’s debts if they cannot be repaid. Bankruptcy Law…

UAE International Arbitration

Legal 500: UAE International Arbitration Chapter

The following UAE International Arbitration 2022 Q&A provides an overview of International Arbitration laws and regulations applicable in the UAE. The guide was written for and published by The Legal 500.    UAE CHAPTER Provided by Antonios Dimitracopoulos FCIArb, and Jonathan Brown of Counsel. What legislation applies to arbitration in your country? Are there any…

UAE Anti-money laundering

A Clear Score Sheet: The key provisions of recent AML Guidance

A raft of UAE anti-money laundering guidance has been published recently. Rima Mrad examines the key provisions and their impact on Licensed Financial Institutions and other organisations.   WHAT’S HAPPENED AND WHY? Over the last three months, the UAE’s Central Bank has issued various updates and guidance to reinforce the anti-money laundering and terrorist financing…

ICLG: UAE Franchise Laws and Regulations 2022

The following UAE Franchise Laws and Regulations 2022 Guide covers common issues in franchise laws and regulations including competition law, real estate and protecting the brand and other intellectual property. The guide was published on ICLG.com and can be read below or downloaded here: UAE Franchise Laws and Regulations 2022   1        Relevant Legislation and Rules Governing Franchise…

UAE civil procedures law, disputes

Keeping it Civil: The latest key amendments to the UAE Civil Procedures Law

The UAE has recently amended its Civil Procedures Law and related regulations. In the following article Bassel Boutros examines the key changes and their potential impact. On 2 September 2021, Cabinet Decision No. 75/2021 was issued amending Cabinet Decision No. 57/2018 on the Implementing Regulations to Federal Law No. 11/1992 (the UAE Civil Procedure Law),”…

FinTech in the GCC

The Future of Finance: Digital transformation, innovation, and the FinTech ecosystem in the GCC

BSA & The Legal 500 launch Market Watch – The Future of Finance A report on digital transformation, innovation and the FinTech ecosystem in the GCC BSA are pleased to announce the launch of a new Market Watch report, in partnership with the Legal 500, focusing on ‘The Future of Finance: Digital transformation, innovation, and the…