Insurers adopt the Poseidon Principles for Marine Insurance

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…

A New Employment Law in UAE: Significant Changes for Mainland Companies

On November 15 2021, the UAE President issued Law No. 33 of 2021 to regulate labor relations in the private sector, applicable to the mainland companies (“New Law”). Upon its entry into force on February…

Approaching Deadline: Amendments to Constitutional Documents of Mainland Companies

The Federal Law by Decree No. 26 2020 (“Decree Law”), issued on November 23, 2020, introduced new provisions amending various aspects of the Federal Law No.2 2015 regarding Commercial Companies (“Commercial Companies Law”). The Decree…

Is the Arbitration Clause included in the General Terms and Conditions of the Insurance Policy a valid clause?

Our client approached us to assist him in filing a case against one of the well-known UAE Insurance Companies. The client complained about his insurance company refusing to cover a surgery under the medical insurance…

Covering the same Risk under Multiple Insurance Policies

The concept of insurance depends on the participation of a group of persons, whether physical or corporate (the insured), that distribute the risks that may result from specific events. The insureds pay pre-determined contributions to…

Dissolution of EMAC and its effects on the business community

On September 14 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued Decree No. 34 of 2021 (“Decree”) regarding the Dubai International Arbitration…

ADGM announces its new Data Protection Regulations 2021 – Here is what you need to know

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…

Is it going to be the end of abandoned vessels in UAE waters?

Recently, we have witnessed the massive development in the UAE maritime industry; the UAE has acceded to two major international conventions, namely the 1996 Protocol on Limitation of Liability ("LLMC") and the 2001 International Convention…

8 Things to know about the International Convention on Civil Liability for Bunker Oil Pollution Damage in the UAE

The UAE recently approved the accession to the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 (the 'Bunker Convention'), which has entered into force in the territory of the UAE on 23rd…