One of the main objectives of the Family Businesses Law, Federal Decree by Law No. 37 of 2022 ("the Law"), is to establish a comprehensive legal framework for the ownership and governance of family businesses in the UAE and provide mechanisms for the resolution of family disputes...

Currently, employees of the private sector - except for establishments who offer their employees customized End of Service benefits - earn their End of Service Gratuity (EoSG) in accordance with the provisions of the UAE Labour Law. In simple terms, it's a lump sump amount earned at...

The new Decree by Law, enforced as of 16 September 2023, amends certain provisions of the UAE Arbitration Law that relate to the conditions to be met by arbitrations, seat of arbitration, and the arbitration procedures and hearings.

The new law aims to add more regulation to the real estate sector and increase the level of transparency and disclosure. In addition, it aims to protect the rights of all parties and create new financing channels for investors within the real estate development sector.

The old Omani Labour Law has been in force and applicable to all matters related to employment until, 20 years later, the Sultanate promulgated a new Labour Law. The new law is now effective (as of 01 August 2023 AD) and replaces the old in its entirety. Its executive regulations are...

Two years ago, Saudi Arabia promulgated the Law of Execution before the Board of Grievances. The Law entrusted the Administrative Judicial Council in the Kingdom to determine the enforcement date of the Law; i.e. the date on which the provisions of the Law become applicable.

As of August 3rd, branches of foreign banks operating in Sharjah are subject to a new income tax of (20%).

The new recommendations from FATF (15) require that Virtual Assets (VA) and Virtual Assets Service Providers (VASP), be regulated by the concerned Regulators, for AMLCFT purposes.