Corporate and M&A Archives - BSA Ahmad Bin Hezeem & Associates LLP

Recent Legal Developments in Business Interruption Insurance – Coverage Issues and Wider Implications perhaps for the Middle East

Corporate and M&A, COVID-19, Employment, PublicationsBy Lauren Lally October, 2020

The English High Court has recently handed down a judgement in a test case related to “Business Interruption” insurance in the context of the COVID19 pandemic, which provides an interesting angle in respect of coverage issues and general English law [insurance] contract interpretation. The Financial Conduct Authority v Arch and Others[1] essentially addressed the legal…

Brief on the new UAE Cabinet Decision No 58/2020 on the Regulation of the Procedures of Real Beneficiary

Corporate and M&A, COVID-19, Employment, PublicationsBy Lauren Lally October, 2020

UAE Cabinet Decision No. 58 / 2020 is to be implemented to regulate the minimum obligations of the corporate entities incorporated in the UAE mainland and in the non-financial free zones (each an “Entity”) by requiring disclosure at the initial incorporation/registration stage, and maintenance thereafter, of a “Register of Real Beneficiaries” and “Register of Partners or…

What kind of Legal Protection do Employees have against Salary Cuts and Redundancy in the UAE?

Corporate and M&A, COVID-19, Employment, PublicationsBy Lauren Lally September, 2020

What kind of legal protection against salary cuts and redundancy is afforded to employees in the UAE? The Ministry of Human Resources and Emiratisation (‘MOHRE’) has issued, on 26 March 2020, Ministerial Resolution no. 279 of 2020 (the ‘Resolution’) to help employers cope with the hardships arising from the COVID-19 outbreak. The Resolution enables private…

Arsalan Tariq moves to BSA’s Muscat office as a Partner and Head of the Corporate Department

Corporate and M&A, PublicationsBy Lauren Lally September, 2020

BSA has recently made a partner-level personnel move for its Muscat office. Arsalan Tariq was hired two years ago by BSA’s, DIFC office and promoted to Partner at BSA’s Muscat office in January 2020. Now, Arsalan physically moves to BSA’s Muscat office as a Partner and Head of the Corporate Department. In his new role, Arsalan…

100% Foreign Ownership now Allowed in Mainland Ras Al Khaimah

Corporate and M&A, PublicationsBy Lauren Lally August, 2020

The emirate of Ras Al Khaimah (RAK) has now allowed 100% foreign ownership to companies in the mainland in order to attract more foreign direct investment (FDI) into the emirate. The RAK Economic Zone (RAKEZ), the free zone, home to 15,000 companies, announced the new company formation structure under the emirate’s programME to attract more…

Dubai Drone Law announced to provide new opportunities and boost Dubai’s aviation sector

Corporate and M&A, NewsBy Lauren Lally July, 2020

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai issued Law No. (4) of 2020 (the “Law”) on Saturday, 3 July 2020, regulating drone activity in Dubai. Aside from military-purpose drones, which are exempt, this law applies to the activity of all types of…

The Employer’s Authority to Organize Work Amidst the Coronavirus Crisis

Corporate and M&A, COVID-19By Lauren Lally April, 2020

The circumstance that is being witnessed by the world, is the outbreak of the coronavirus pandemic, has led governments to take preventive actions to curb the spread thereof. Such an approach has also been taken by the Government of the Sultanate of Oman in order to control the disease and curb its spreading. Naturally, and…

Remote Property Registration: Remote Process

Corporate and M&A, COVID-19By Lauren Lally April, 2020

In order to facilitate the registration of real properties in Dubai during the COVID-19 lockdown period, the Dubai Land Department (DLD) and the Registration Trustees have implemented a procedure by which buyers and sellers can finalize the registration processes without physically being present in the Registration Trustees offices or even in the United Arab Emirates.…

Oman – Legal Insight into Criminal Protection against Coronavirus (COVID-19)

Corporate and M&A, COVID-19By Lauren Lally April, 2020

In light of the continuing spread of novel coronavirus worldwide, and with efforts undertaken by the Sultanate of Oman to curb this unprecedented pandemic and try to contain and mitigate its effects, the leadership considered to strengthen the criminal protection and activate new legal rules that serve the public interest and complement the decisions of…

Mortgage Holidays in the UAE during the Coronavirus Pandemic

Corporate and M&A, COVID-19By Lauren Lally April, 2020

From asking your bank for a mortgage payment holiday or knowing where you stand when it comes to defaulting on your payments, legal experts in the United Arab Emirates explain what can and can’t be done to relief and aid homeowners during this time. With businesses struggling to operate as usual all over the globe…

Tax Period Extended for Excise Tax Registrants

Corporate and M&A, COVID-19By Lauren Lally April, 2020

In an effort to support Excise Tax Registrants during the difficult circumstances caused by COVID-19, the Federal Tax Authority has decided to extend the tax period for businesses registered for Excise Tax, which commenced on 1/3/2020 for one month on an exceptional basis, to end on 30/4/2020. The tax period shall now respectively cover the…

Why Expats in the UAE should have a Power of Attorney

Corporate and M&A, COVID-19By Lauren Lally April, 2020

A power of attorney is a legally binding document which, when properly executed, allows the receiver of the power of attorney (known as the agent) to act on behalf of the grantor in relation to their personal affairs, business decisions or legal representation. A power of attorney can be general in its scope or be…

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