Home / Knowledge Hub / News
BREXIT, Market Access and the DIFC
Clarity has proved to be elusive since. It has neither been a hard Brexit nor a soft one, and most definitely not a red, white and blue one. It’s been a protracted, hard fought affair marked with internal divisions within the UK before even approaching the EU negotiating table.
The extended nature of the exit negotiations have obscured the eventual shape a deal might take. While some form of equivalence agreement might be reached on the trade of goods, global industry is bracing for barriers in the services market.
The lack of clarity, the possibility of services being disrupted, and the threat of firms not being able to source skilled human capital within the UK market, has led to many global insurance companies setting up contingency plans. Firms are eyeing financial hubs on the European mainland, and also looking further afield for domiciles in which to headquarter.
Michael Kortbawi, Partner at BSA Ahmad Bin Heezem LLP, explains the DIFC legal framework and how the DIFC is a gateway for emerging market. Read full article here
Related Insights
Healthcare, the Metaverse and UAE Health Data Law
In this article, we explore some of the opportunities that...
The Medical Tourism boom and the role of Insurance for both Patients and Providers
Healthcare is one of the most important service sectors in...
UAE Unemployment Insurance: A Welcome Change
The UAE unemployment insurance scheme recently came into effect, as...
Regulatory Alert: Escrow Accounts Mandated
Regulatory Alert: Escrow Accounts Mandated for Insurance Agents & Brokers, &...
Chambers & Partners: Insurance Litigation 2022
In the following Chambers & Partners Law and Practice Insurance...
Everything you need to know about the UAE's new employment insurance scheme
The United Arab Emirates’ new unemployment insurance scheme came into...
Bancassurance – The legal landscape in the Middle East - Future distribution channels
The following article was originally written for and published in...
Egg freezing in the UAE: Law reforms and changing attitudes
Human egg freezing (mature oocyte cryopreservation) is a medical procedure that has become increasingly popular worldwide over recent years. Individuals...
Generative AI has an intellectual property problem, here's why
Munir Suboh and Felicity Hammond of the BSA Intellectual Property team recently spoke with Arabian Business regarding artificial intelligence (AI), answering...
Value Based Contracting in Healthcare
In this article, we will explore the potential for Value Based Contracting (VBC) in healthcare in the United Arab Emirates...
Abu Dhabi Courts Take Strong Stance Against Personal Guarantors as Central Bank Implements Security Requirements
In a significant move, the Central Bank of the United Arab Emirates has issued circular no. /3/ of 2023 ("Circular"),...
FinTech: How is the world shaping the financial innovation industry
The following UAE Guide, was written for the International Bar Association (IBA) Banking Law Committee, and forms part of a...
Changes to Personal Data Protection Law in Saudi Arabia – Implications for the Healthcare Sector
In this article, we look at some of the forthcoming changes to the Personal Data Protection Law in KSA and...
AML Compliance and why you should care
The latest changes to the relevant laws in the last two to three years raised the need for companies to...
SVB's Collapse: Implications for FinTech Startups in the Middle East
The factors that contributed to the collapse of Silicon Valley Bank were complicated and varied. Certain professionals have identified the...
FIDIC any longer?
If they are heavily amended, are they FIDIC contracts any longer? Antonios Dimitracopoulos, FCIArb, Partner, BSA Ahmad Bin Hezeem &...
ICLG: An update to the TMT Laws and Regulations in the UAE for 2023
The following chapter, written for ICLG.com, covers Telecoms, Media and Internet Laws and Regulations in the UAE. The chapter can...