The United Arab Emirates (UAE) has established a unified regulatory body for the insurance and banking sectors, known as the Ombudsman Unit for the United Arab Emirates “Sanadak” (operating under the UAE Central Bank) Sanadak commenced…
The UAE has taken a significant step towards enhancing consumer trust and protecting consumer rights with the introduction of the new ombudsman unit, "Sanadak". This move follows the merger of the UAE Insurance Authority with…
In a significant development for the insurance sector, the recently published New Insurance Law on 31 October 2023, set to be enforced from 30 November 2023, marks an important moment in the regulatory landscape of…
‘FULL AHEAD’ ordered the Master on the Bridge, and so the fully laden good old bulk carrier, which has weathered many a storm in its more than two decades at sea, complemented by a seasoned…
The new year has brought with it changes in the legal landscape in the UAE, especially in relation to employment and governance of labour relations. This Article deals specifically with two laws that employees and…
On 15 September 2022 the UAE government issued a Federal Degree Law No. 14 of 2022 “the Amendment”, concerning the amendment of some provisions of Federal Decree Law No. 33 of 2021 on Regulation of Labour Relations.…
On 15 September 2022 the UAE government issued a Federal Degree Law No. 13 of 2022 concerning Unemployment Insurance (“the Law”), which came into force on 29 September 2022 and applied to all workers (UAE…
On 29 July 2022, the English Commercial court rendered a decision in Al Mana Lifestyle Trading LLC & Ors v United Fidelity Insurance Company PSC & Ors [2022] EWHC 2049 (Comm) case, whereby the claim…
On 15th December 2021, six of the world's leading marine insurers have publicly launched Poseidon Principles for Marine Insurance to keep the focus on the shipping industry's progress towards decarbonization. In fact, this ground-breaking initiative…
