Are You Complying or Not?

Dubai Health Insurance – Violations & Fines Dubai Executive Council issued Executive Council Resolution No (7) of 2016 (Resolution) pertaining to fees and fines pursuant to Health Insurance Law (No 11 of 2013) of the Emirates of Dubai. As many of the readers are aware, The Dubai Health Authority promulgated Health Insurance Law (No 11…

Cartels: UAE Chapter

1. What is the relevant legislative framework? The laws and regulations governing antitrust and competition (cartel) in the United Arab Emirates are as follows: (a) The Federal Law No. 4 of 2012 on the Regulation of Competition (“UAE Competition Law”), which has been in force since 23 February 2013 and which aims – according to Article…

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…

A Practical Guide to Saudi Arabia’s Anti Money Laundering Law

1. What are the main laws governing money laundering in KSA jurisdiction? The main law governing money laundering in Saudi Arabia is Saudi Arabia Cabinet Decision No. 80/1439, approving the Anti‐Money Laundering Law (the “AML”), and its Implementing Regulations (the“Implementing Regulations”), published in 2017. This law supersedes Saudi Arabia Royal Decree No. M31/1433, the old…

Understanding How it Works

Around 80% of the UAE population have come to the country to work. BSA experts, Abdullah Ishnaneh, Rima Mrad and Shaikha Al Shamsi contributes to the Emirates Law expert panel, explaining how the legislation impacts them and their employers and the recent changes in this area. Read full article here

Employment Law – An Overview

When it come to UAE employment law, Federal Law No. 8/1980 (also know as the UAE Labour Code) or the Law Regulating Labour Relations the main law governing employee-employer relations in the private sector in the UAE. This law outlines the key employment aspects including working hours, annual leave and public holidays, sick leave, the…