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The New Law replaces Regulation No. (2) of 1996, which previously regulated the taxation of foreign banks in the emirate.
This Regulation extends its scope to cover all foreign banks conducting business activities in Dubai, encompassing operations within special development zones and...
The creation of the Financial Services Authority (FSA) in Oman through Royal Decree 20 of 2024 marked a significant regulatory shift. This establishment, with its central operations located in the Governorate of Muscat, symbolized a pivotal moment where the FSA took over the...
In 2016, due to the rising jurisdictional conflicts between the DIFC Courts and the Dubai Courts, a joint Judicial Tribunal (JT) was established (Dubai Decree No. 19 of 2016) to rule upon and determine the jurisdiction of each Court in cases of conflict. Last month, the JT was...
In July last year, the Kingdom of Saudi Arabia enacted the Real Estate Contributions Law. The objective is to regulate contributions (partnerships) in real estate development projects. One of the new law's provisions was allowing the listing of the certificates of contributions on...
A little over two months ago, a major legal update was introduced for the Emirate of Dubai: The establishment of the Unified Digital Platform (pursuant to Decree No. 13 of 2024), aimed at facilitating investors' journeys, from start to finish. The platform will operate to implement 5...
