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…
ChequeScore – Know the probability of a cheque to bounce
When and Where? Launched earlier this year, the ChequeScore is an innovative tool of Al Etihad Credit Bureau (AECB), aimed at complementing the initiatives of the UAE Government to decriminalize bounced cheques. As of April…
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…
Dubai’s New Law on Virtual Assets: The Digital Way Ahead
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…
Businesses in UAE to gear up for Corporate Tax from 2023
Next in a series of reforms in the UAE is the announcement of 'corporate tax', a form of a direct tax on corporations' net income or profit. In its most recent taxation plan encompassing business…
Hybrid Breakfast Seminar – Major Overhaul of UAE Legislation: What You Should Know
Venue: Pullman Dubai DowntownDate: 9th February 2022Time: 09:00am / 12:00pmEverything you need to know about the new laws in the UAE in one exclusive, free event – in person and online!09:00 Registration and Breakfast09:30 Welcome…
Update on the Major Overhaul of UAE Legislation with effect from February 2022
In celebrating its landmark 50th anniversary, the UAE has introduced various legislative changes reinforcing its position as a market leader in the region. The new legislation requires additional compliance from businesses and thus, we at…
How Competitive is the UAE Maritime Sector Compared to the Standard International Maritime Sector?
We recently witnessed drastic changes and ameliorations in the UAE Maritime Industry. The UAE has ratified two crucial international conventions, these being the 1996 Protocol on Limitation of Liability (“LLMC”) and the 2001 International Convention…
What you should know about the new Personal Status Law for non-Muslims
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…