UAE expat residents who find themselves in financial difficulties, indebted to the point where their options are limited, fleeing to the airport with hastily packed overstuffed cases and a one-way ticket out of town, should breathe a sign of relief. The UAE Cabinet has recently issued its long-awaited personal Insolvency Law, meaning the number of…
Munir Suboh discusses Competition Law and how it has evolved in the region from the Practitioners Perspective. Munir Suboh, Partner and Head of Intellectual Property Practice at BSA Ahmad Bin Hezeem & Associates LLP examines the implementation of the UAE’s Competition Law. Federal Law No. 4/2012 on the Regulation of Competition has been in force…
The United Arab Emirates’ life insurance market is set for radical change in 2020 with the implementation of the “New Life Insurance and Family Takaful Regulations” [1]. The United Arab Emirates Insurance Authority (“IA”) promulgated Decision No. (49) of 2019 Concerning Instructions for Life Insurance and Family Takaful Insurance (the “Regulations”), which has wide…
Prior to the recent passing of the Omani Royal Decree No 53/2019 (the “Bankruptcy Law”), Oman law contained limited legislation governing the area of bankruptcy. The Commercial Law issued by the Royal Decree No 55/1990 and the Commercial Companies Law issued by the Royal Decree No 4/1974 and their related amendments continued to provide the…
Rima Mrad of BSA Ahmad Bin Hezeem & Associates LLP looks at the potential impact of the new Foreign Direct Investment law on existing shareholding arrangements in companies. The enactment of the ground-breaking Federal Decree Law No. 19/2018 on foreign direct investments towards the end of 2018 was a clear indication of the UAE’s continuing…
“Long and healthy lives” – This is the United Arab Emirates (‘UAE’) Government’s strategy set up by the Ministry of Health and Prevention (the ‘MoHAP’) to reinforce the country’s health system and the efficiency of medical services. The Government intends, through its UAE Vision 2021, to provide equitable access to world-class medical care whilst actively…
Accidental injuries are commonplace in any modern society. Such injuries are usually remedied by courts through compensation and damages awarded to the injured party, thus assigning some liability to the injurer, whether such injury was caused by a direct act or an indirect one. There are two legal systems in Dubai, the onshore courts which…
1. Governing Texts 1.1. Legislation relevant to employee monitoring The United Arab Emirates (‘UAE’) is a federation of seven emirates, and all emirates are subject to the UAE constitution and a set of federal laws while retaining the right to administer their own internal aairs and to manage their wealth through a local legal infrastructure.…
1. What legislation applies to arbitration in your country? Are there any mandatory laws? The legislation which applies to an arbitration is dependent on whether the arbitral process (i.e. the lex arbitri) is subject to the Federal Civil Law system of the United Arab Emirates (“UAE”), or by the laws of two distinct jurisdictions I.e.…
Anti-corruption Q&A 1. Legal and enforcement framework 1.1 Which legislative and regulatory provisions govern anti-corruption in your jurisdiction, from a regulatory (preventive) and enforcement (criminal) perspective? 1.1.1 The United Arab Emirates (UAE) has been fighting bribery and corruption since the 1980s with the enactment of Federal law 3/1987 otherwise known as the UAE Federal Penal…