Special Purpose Vehicles (“SPVs”) in ADGM And DIFC: A Focus on the Recent Amendments to the “Nexus Requirement”

The incorporation of Special Purpose Vehicles (“SPVs”) has gained importance in the financial hub of the UAE, specifically within the Abu Dhabi Global Market (“ADGM”) and the Dubai International Financial Centre (“DIFC”). Recent regulatory changes…

New Amendments To UAE Federal Decree Law No. 33/2021 on Labour Relations

On 29 July 2024, the new Federal Decree Law No. 9/2024 was enacted and introduced significant amendments to certain provisions of Federal Decree Law No. 33/2021, which governs labor relations. These changes, effective from 31…