The ‘Economic Substance Regulations’ – a New Test for the UAE Companies. How does it apply?

Client update In 2019, the UAE Government issued a series of Directives and Resolutions, collectively referred to as the “Economic Substance Regulations” or the ESR. The purpose of the ESR is to curb harmful tax…

Things to Know about the “Early Leave” Initiative in UAE

Note: In continuation of our previous article, the NEW Ministerial Resolution on Employment and COVID 19 1. What is the “Early Leave” Initiative? In furtherance to Ministerial Resolution 279 of 2020 and as part of…

Employers and NEW Ministerial Resolution 279 in the UAE

On March 26, 2020, the Ministry of Human Resources and Emiratization (MOHRE) issued Resolution 279 on Employment Stability in the Private Sector during the period of application of the precautionary measures aimed at curbing the…

Employment affected by COVID 19 in DMCC and other free zones – legal insights

Colloquially, people understand commercial free zones as areas somehow segregated from the UAE onshore territory. Whereas this understanding is mainly accurate for the financial free zones, it is to be known that commercial free zones…

Salient Q&A on the impact of COVID-19 on the labor market in the UAE

Note: THIS IS APPLICABLE FOR UAE COMPANIES THAT FALL UNDER THE APPLICATION OF THE FEDERAL LAW 8 0f 1980 AS AMENDED. GOVERNMENT ENTITIES ARE THEREFORE EXCLUDED. Can the employer oblige the employees to come to…

New horizons in cross-border enforcement? English Courts enforce a Dubai Courts judgment.

In 2020, the English High Court recognized and therefore ordered summary judgment for the enforcement of a Dubai Courts judgment. The English Courts’ approach in Lenkor Energy Trading DMCC v Puri [2020] EWHC 75 (QB)…

Few Key Changes of the New Dubai Multi Commodities Centre Authority(DMCCA) Companies Regulations 2020

Dubai Multi Commodities Centre (DMCC) recently announced new DMCCA Company Regulations 2020, which came into effect from 2 January 2020 to further enhance the ease of registration and operation of businesses. The new Regulations have…

Force Majeure and the Coronavirus

Companies are doing their best and taking precautions to prevent the spread of the Cornovirus;  some of the measures these companies are taking could invoke force majeure clauses or the "impossibility of performance" defence as…

New “Dubai Future District” for Future Economy

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai has announced the launch of a new district combining the key commercial and financial hubs in…