Corporations

On September 16th, a new issue of the Federal Gazette was circulated which included the new Executive Regulations of the 2023 Financial Restructuring and Bankruptcy Law in the UAE.

Kuwait has approved a long-awaited legal change that will shape the country’s economy for the coming years.

Beginning 2023, the Law governing Family Businesses in the UAE came into force. The Law stipulated that a special judicial committee will be formed, in each Emirate, to handle the settlement of disputes related to these family businesses. Dubai has now established such Committee.

Almost two months ago, HH Sheikh Mohamad bin Rashid, UAE's Prime Minister and Ruler of Dubai, announced that the Cabinet has approved a new End of Services Scheme (EoSS) for private sector and free zones establishments. Here's what we know so far about the new scheme.

Companies will be able to issue "green bonds and sukuks" for public subscription in the UAE.

The details of the Unemployment Insurance Scheme announced by the Ministry of Human Resources and Emiratization (MoHRE) have now been officially approved by the Cabinet and published in the Official Gazette.