Legislation

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.

Investors may soon enjoy quick and easy steps to set up new businesses in Dubai. Their "journey" is about to get a lot better !

"Sanadak" is centralized unit that will examine consumer complaints against financial institutions and insurance companies.

Abu Dhabi welcomes arbitrateAD. The Abu Dhabi International Arbitration Center (arbitrateAD) has released its Arbitration Rules 2024, which outline the guidelines for arbitration proceedings administrated by the center.

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

The new Federal Decree-Law No. (43) of 2023 will repeal and replace the existing maritime law Federal Law No. (26) of 1981 Concerning Commercial Maritime Law. It comes into force on 29 March 2024.