Insurance Litigation

Chambers & Partners: UAE Insurance Litigation 2021

The BSA Insurance team have contributed the UAE Chapter of the Chambers & Partners Insurance Litigation 2021 guide. The guide provides the latest legal information on alternative dispute resolution (ADR), the enforcement of foreign judgments, the applicability of the New York Convention, coverage disputes, claims against insureds, insurers’ recovery rights, and the impact of COVID-19…

The New UAE Health Data Law – an In-Depth Look

The following article was originally published for BSA in the Oath Magazine and can be downloaded here: UAE Health Data Law. Healthcare data, and information, and its development in terms of how this data/information is protected, is a fast-evolving growth area, challenging both industry and consumers alike in the United Arab Emirates, i.e., where does one start…

UAE healthcare and trust law

The Concept of Healthcare / Medical Trust

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…

GCC Restructuring & Insolvency Report

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…

Revised Central Bank Guidance regarding Saving and Investment Insurance

On 13 June 2021 the UAE Central Bank issued a circular with reference no. CBUAE/BSD/N/2021/3148 (“the Circular”) addressed to all financial institutions operating in the UAE, offering structured conventional life insurance and takaful investment and saving products (“the Products”). The Circular refers to Central Bank’s Circular of May 2017 which was addressed to banks and…

New SME Market Conduct Regulation

In late January 2021, the Small to Medium-Sized Enterprises (SME) Market Conduct Regulation (“Regulation”) was circulated to all banks and finance companies licensed by the Central Bank in the UAE (“Financial Institutions”). It comes as the UAE seeks to improve and enhance the financial services received by small and medium-sized enterprises (“SMEs”) in the UAE,…

Dubai Rent Freeze

The Dubai Land Department (DLD) has stated that a new draft law is set to keep rents in Dubai unchanged for a three-year period. This follows a prediction by the DLD’s Director General in early January this year, after the DLD’s recommended clauses for the new law were accepted. No date has been set for…