The following article was originally published for BSA in Premium Insurance Magazine: The Concept of Healthcare/Medical Trust Can Medical Insurers offer new product structures to gain market share? Health Insurance is by far the largest line of risk, alongside motor insurance in the Middle East. Both lines of insurance tend to be mandatory in several…
The following article was originally published for BSA by IFC Review. The disruption caused by COVID-19 has had a wide-ranging effect on the world economy and the overall economic slowdown and disruption in the market has impacted the insurance sector as well, but the UAE insurance market seems to have emerged resilient and is…
In the following article, originally published in The Oath Magazine, Rima Mrad and Bradley Moran offer a comparison of the Foundations in the ADGM, DIFC & RAK ICC – the formation, key features and differences. Foundations are a form of hybrid entity similar to both a private company and a trust structure. Combining the mechanisms…
The following article was originally published in Climate Control Middle East. The FIDIC suite of construction contracts is written and published by the International Federation of Consulting Engineers. The FIDIC acronym stands for the French version of the Federation’s name (Federation Internationale des Ingenieurs-Conseil). FIDIC’s Contracts Committee produces standard forms of contract for civil…
The legal and regulatory landscape is constantly evolving, meaning businesses have to remain agile in order to continue to progress. The past 12 months have been a true testament to the importance of adapting to unprecedented situations as the COVID-19 pandemic wreaked havoc on entire economies. Arsalan Tariq discusses the trends and changes impacting businesses…
Originally published as a Country Specific Q&A on Legal 500, Partner, Abdullah Ishnaneh provides an overview of litigation laws and regulations applicable in UAE, answering such questions as: What are the main methods of resolving commercial disputes? The main method of resolving commercial disputes is litigation before the local courts. However, there are other means…
The worldwide economic distress caused by the ongoing Covid-19 pandemic has certainly not spared the GCC region. The pandemic has exacerbated the region’s pre-existing economic challenges, many of which date from the prior distresses that occurred ten years ago and were never fully remediated. This has led to a knock-on effect whereby many corporate interests…
Originally published as a Practice Guide on Chambers.com Partner, Munir Suboh and Associate Felicity Hammond provide up to date in-depth legal information on cartels policy, including procedural framework for cartel enforcement, private civil litigation and, sanctions and remedies. 1. Basic Legal Framework 1.1 Statutory Bases for Challenging Cartel Behaviour/Effects The laws and regulations that allow for…
Written by Antonios Dimitracopoulos for MEP Middle East The often-dreaded pay-when-paid clause in subcontracts has deterred many from pursuing what is an otherwise legitimate claim. The common concern has always been that a defence would almost certainly be raised by the main contractor that no corresponding payment has been made by the employer and, as such,…
The end of the GCC Patent: what next? Partner & Head of Intellectual Property Munir Suboh and Associate Felicity Hammond provide an overview of the discontinuation of the GCC patent, for The Patent Lawyer Magazine, which includes a breakdown of the standard national application requirements now in play for the GCC countries. On 5 January 2021, the Supreme Council…
