Enhancing Ultimate Beneficial Ownership Regulations to Navigate Complex Business Structures and Requirements
The United Arab Emirates has recently implemented legislative revisions concerning Ultimate Beneficial Ownership (UBO) regulations and corresponding administrative penalties, through the issuance of Cabinet Resolution No. (109) of 2023 (the New Resolution) on the Regulation of the...
New Arbitration Rules for Abu Dhabi International Arbitration Center
The New Arbitration Rules 2024 for Abu Dhabi International Arbitration Centre (ADIAC) that came into effect on February 1, 2024, replace the 2013 Abu Dhabi Commercial Conciliation and Arbitration Centre (ADCCAC) Arbitration Rules.
New cases registered from that date onwards will be...
UAE establishes Artificial Intelligence and Advanced Technology Council
The Establishment of the Council aims to devise financial and investment plans and programs in collaboration with local and international partners. A significant development will place the UAE at the forefront of artificial intelligence and advanced technology sectors globally.
Kuwait Eases the Way for Foreign Direct Investments with the New Amendment
On January 21st, a new Law was published in Kuwait's Official Gazette (Kuwait Al Yawm) amending Article Kuwait's Commercial Code and its Public Tenders Law constitute a pivotal shift towards opening the country's economic and welcome foreign direct investments (FDIs). What has...
Westlaw Middle East Outage (RESOLVED)
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New Maritime Law in the UAE
A significant shift in the United Arab Emirates maritime sector, related to the process of Vessel Registration, Arrest Provisions and acceptance of Letter of Undertaking.
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Dubai Bans the Use of Plastic Bags
The Emirate of Dubai is committed to promote and develop a sustainable environment. New laws and regulations are being issued to ensure this commitment. The latest of which is a Resolution issued by the Dubai Executive Council (No. 124 of 2023) Regulating the Use of Single-Use...
Employee's Entitlements in the event of Death: Where do they go?
Article (15) of the UAE Labour Code stipulates that in the event of the employee's death, the employer should hand over the entitlements and the end of service gratuity to the employee's family. The hand over should happen within a period not exceeding (10) days from the death date or...