FOOLISH TO FAKE IT: Risks and penalties of not following Emiratisation rules

“The UAE government policy to support Emiratisation or increased participation of UAE nationals in the private sector workforce has been around for several years now,” states Dr Laura Voda. “Other GCC states including Saudi, Oman,…

New compliance requirements in the UAE labour market in 2023

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…

Changes in the UAE Tax Residency – To come into force in March 2023

Cabinet Decision No. 85 of 2022 on the Determination of the Tax Domicile (hereinafter referred to as the “Decision”) is the newest development in the tax related legislation of UAE. The Decision will come into…

The interpretation of “otherwise” in a Jurisdiction Clause

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…

New Emiratisation Laws – 2% Emiratisation Law and Classification Law

What is Emiratisation?   The initiative by the Government of the UAE to increase the number of UAE nationals employed in the private and public sectors is called Emiratisation.    The Emiratisation program is an…

Dubai’s Virtual Assets Regulatory Authority – the world’s first regulatory authority to enter the metaverse

The recent announcement that Dubai's Virtual Assets Regulatory Authority (DVARA) has entered into the metaverse with the establishment of its Metaverse HQ made it the first regulator to have a presence in the emerging digital…

The Virtual Horizon

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…

Registration of Security Interests over Movable Property in the UAE

Historically, the practice of creating security in the UAE could be distinguished from common law jurisdictions, with no recognition of floating charges or future assets. There was no comprehensive legislation which mandated the registration of…

DIAC Arbitration Rules 2022 – A Paradigm Shift For Dubai Becoming A Global Arbitration Hub

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…

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