With a population that grew by 8% between 2014 and 2015, demand for financial, tourism, hospitality and manufacturing services is rapidly growing as Oman’s government moves towards its Vision for Oman’s Economy (Oman 2020), including the national programme for enhancing economic diversification. Attracting foreign investment is a major part of Oman’s drive to achieve this…
With the increasing responsibilities and obligations given to board members and with the growing attention on the discharge of directors duties and liabilities, corporate entities are in need of corporate secretarial support. Company secretaries act as governance professionals, critical to the running of a company and ensuring that the various compliance obligations are met. With…
In the interests of simplicity and efficiency, two new DIFC laws have changed the regulatory requirements for DIFC companies and registered persons as Robert Mitchley, Associate at BSA Ahmad Bin Hezeem & Associates LLP explains. WHAT’S HAPPENED AND WHY? “In November 2018, the DIFC enacted several new laws and regulations which are aimed at reorganising…
On the 15th of January 2019, BSA in collaboration with Zubair SEC hosted a successful workshop on “Legal challenges for SME’s” , the workshop was delivered by Catherine Jaskiewicz , Associate in the Corporate Practice of our Oman office.The workshop was held at Bait Al Zubair in Muscat, followed by the Legal Clinic, offering one on…
Working breakfast with BSA Law Firm and the Dubai Chamber of Commerce and Industry Madrid, January 25, 2019, The United Arab Emirates, an eminently oil country, has been implementing a policy of economic diversification for two decades, thus allowing other sectors to thrive. In this sense, Spanish companies have established themselves as reference investors in…
Overview The article examines the material legal process involved when undertaking a corporate acquisition transaction in Saudi Arabia (Acquisition Transaction). The general process an Acquisition Transaction undergoes shares several similarities with similar types of transactions in other jurisdictions. Notwithstanding, the prevalent regulations and overriding legal system unique to KSA must be taken into consideration and…
It all started when Federal Law No.2 of 2015 was enacted, amending the legal regime that governs local and foreign companies under Federal Law No.4 of 1984. These changes have impacted on several corporate practices including the governance of private and public companies, their legal structure, dissolution, liquidation, mergers and acquisitions, and applicable penalties. As…
The Legal 500 & The In-House Lawyer Comparative Legal Guide UAE: Fintech This country-specific Q&A provides an overview to Fintech law in UAE. It will cover open banking, regulation of data, cryptocurrencies, blockchain, AI and insurtech. This Q&A is part of the global guide to Fintech and was contributed to by Nadim Bardawil and Tala Azar Read full…
Brexit was a decision that shook the financial world. On June 23rd 2016, a sliver of a majority voted for the United Kingdom to exit the European Union (EU). The schism caused consternation, and the possible impacts of such a move saw the GBP plummet 10% the day the news came to light. Clarity has…
BSA’s Rima Mrad and Nadim Bardawil contribute to the UAE Chapter of the ICLG Guide to Data Protection 2018. The Guide covers relevant legislation and competent authorities, definitions, territorial scope, key principles, individual rights, registration formalities and prior approval, appointment of a data protection officer and appointment of processors. Read the full chapter here.
With the Sharia Law, Federal Law, the law of individual Emirates and freezones all coming into play, UAE Inheritance Law can be complicated. Edouard Salwan, Senior Associate contributes to Emirates Law expert panel, and explains its impact on Emiratis, Muslim and non-Muslim expatriates with property and joint ventures in the Emirates. “To understand how succession and inheritance…
The main goal of any wealth management and succession planning is to preserve the family legacy and family owned and operated businesses. The regulatory framework of succession planning in the UAE includes both civil and Islamic law principles. However, as the DIFC has its own independent jurisdiction within the UAE, it is also empowered to…