Dubai surprised many businesses earlier this year when it issued a new Virtual Assets Law. Dr Laura Voda, Of Counsel at Fichte Legal, examines this law’s most significant provisions and what could be next in this area in the UAE and other parts of the GCC. “Dubai Law No. 4/2022 Regulating Virtual Assets in Dubai, …
The Dubai International Arbitration Centre (DIAC) published its new arbitration rules (DIAC Arbitration Rules 2022 or the “New Rules”) on 2nd March 2022; these are in effect as of 21st March 2022. The 2022 Rules replace the erstwhile DIAC Arbitration Rules of 2007 and will be applicable to all arbitrations commenced after the 21st of …
Most jurisdictions are yet to enact laws or regulations governing cryptocurrencies and non-fungible tokens, leaving much uncertainty in the field. At a time when virtual assets are increasingly becoming a part of business transactions, and public interest in the sector is surging, the move to enact a law on virtual assets in Dubai is a …
A new law regulating marriage, divorce, and a new Court for non-Muslim family matters On Sunday 07 November 2021, the UAE’s President and Abu Dhabi Ruler has issued a new law pertaining to the Personal Status Law for Non-Muslim Expatriates in the Emirate of Abu Dhabi (the “Law“). The Law is the first of its …
Introduction The Abu Dhabi Global Market (ADGM) recently issued the ADGM Data Protection Regulations 2021, “Regulations”, which will replace the prevailing ADGM Data Protection Regulations 2015 (as amended in 2018) the (“Former Law”). The new amendments provide a business-friendly approach for entities whilst offering a high-level benchmark of security towards personal data in line with …
