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,…
Identifying factors driving the progress of the UAE’s Maritime Industry
The UAE’s unique location at the crossroads of global shipping routes and its constant drive towards innovation has enabled it to become one of the leading international maritime hubs. The maritime sector is a key…
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…
Ship Finance in the UAE
As a Civil law jurisdiction, UAE maritime law is derived from the UAE's Maritime Code (or specifically Federal Law No. 26/1981). Still, the Commercial and Civil Codes govern all maritime financial transactions. The Federal Maritime Authority (FMA) is the…
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…
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…