Jimmy Haoula talks to Calcus about effectively addressing diverse businesses through innovation. Tell us about BSA Ahmad Bin Hezeem & Associates LLP ( former Bin Shabib & Associates)? BSA Ahmad Bin Hezeem & Associates LLP ( fomer Bin Shabib & Associates LLP) is one of the first law firms to be registered by the Dubai…
Michael Kortbawi, Partner and Maamoon Ashraf, Associate at BSA Ahmad Bin Hezeem & Associates LLP (former Bin Shabib & Associates LLP) discuss Qatar’s new Central Bank Law and elaborate on some of the changes that have paved way for the Qatar Central Bank to act as as single financial regulator for Qatar’s insurance sector. A…
Want to stay on the right side of UAE law? And know what to do should you get on the wrong side? Here’s the essential info you should be armed with at all times. Adultery Under Sharia (Islamic law), adultery is strictly forbidden and punishable in court. Those found guilty face up to three years…
Proposed regulatory changes penciled to be introduced within the next two to three years are expected to boost consolidation among GCC insurance companies, local bankers, attorneys, and industry sources told Mergermarket. Michael Kortbawi, partner at BSA Ahmad Bin Hezeem & Associates LLP (former Bin Shabib & Associates) discusses the issues surrounding M&A activity in the…
The insurance landscape in the MENA region has changed rapidly over the past five years, presenting challenges and opportunities for the various players. Mr Irshied Tayeb and Ms Liz Zamorski of Bin Shabib & Associates discuss the developments in the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar, and the interplay with regulations in these markets.…
This new book aims to provide foreign insurers and intermediaries looking to enter the market with practical, up-to-date guidance on setting up in the region. The countries featured in the book are Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. For each jurisdiction, the book…
UAE has in the past seen a financial crisis which exposed some of the inherent weaknesses of conventional systems of financing. With the slower economic growth and unsteady market conditions, investors are opting for stable, well-governed, financial options which dole out high yielding returns. Maymoona Talib looks at some of the most innovative solutions being…
Antonios Dimitracopoulos, Partner and Head of Arbitration, explains how local jurisprudence is likely to deal with ambiguous and contradictory dispute resolution clauses. Back in the days of frenetic financial growth, the last things on people’s minds were all the nuances of dispute resolution clauses. However, in the UAE a high level of importance on procedure…
Michael Kortbawi, Partner at BSA Ahmad Bin Hezeem & Associates LLP discusses the Tax regime in the UAE. There are no federal tax legislation in the United Arab Emirates (hereinafter referred UAE). However, we find the following emirates: Abu Dhabi, Dubai and Sharjah, legislation establishing a tax system generally companies, including: • The tax on…
New Memorandum Of Guidance On Reciprocal Enforceability of Judgments Enhances Trade And Investment Links Between UK and Dubai promoting DIFC Courts as Leader in International Commercial Dispute Resolution. 23 January 2013 the Dubai International Finance Centre Courts (DIFC Courts) and the English Commercial Court of the Queen’s Bench Division, England and Wales (Commercial Court) signed…