A Glance in the New Insurance Law in the UAE

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…

Federal Decree Law No. 43 of 2023 regarding Maritime Law – Download your translation here

The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree-Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”), slated to come into force from March 2024. This legislation marks…

A New Era for The Shipping Sector in the UAE

A New Era for The Shipping Sector in the UAE The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”),…

Changes made by Ministerial Decision No. 296/2023 on fines for Emiratisation related offences

In June 2023, Ministerial Decision No. 296/2023 on the Standards of Imposition of Administrative Fines According to Cabinet Decision No. 95/2022 on the Offences and Administrative Fines Related to the Initiatives and Programmes of the…

Dubai issues new Decision on Transparency of Local Sea Container Charges in Dubai

In its continuous endeavours to promote best commercial practices and fair competition in the maritime sector of the Emirate of Dubai and to increase transparency and accountability in relation to the application of Sea Container…

An Update on the Emiratization in the UAE

Over the past couple of years, there have been major developments in the rules governing Emiratization in the private sector. In line with these developments, in June 2023, Ministerial Decision No. 296/2023 On the Standards…

New High Court judgment reconfirms enforcement actions in UAE to be honored in UK, despite assets being transferred to escape creditors

  In 2022, the UAE Ministry of Justice confirmed there is reciprocity between the UAE and Great Britain and Northern Ireland with regards to enforcement in judicial matters. This happened after the landmark Lenkor [1]…

The Curious Case of Causation

‘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…

Updates on Corporate Tax: incentives for small businesses, exemptions from tax and unified filings for governmental entities

Federal Decree Law No.47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”) is, without doubt, one of the major developments in the UAE’s legislative landscape of the past years. Introducing…

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