What Can a Buyer Do if Faced with a Cancelled Off-Plan Real Estate Project In Dubai?

[vc_row][vc_column][vc_column_text]His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai and Prime Minister of the UAE, issued decree N⁰ (21) of 2013 on 23rd July 2013 concerning the formation of a special judicial committee for the liquidation of canceled real estate projects in the Emirate of Dubai and the settlement of relevant rights (Committee …

Compliance Alert: 10 Things you Must Know about the New Economic Substance Regulations in the UAE

[vc_row][vc_column][vc_column_text] Executive Summary The UAE recently enacted the Cabinet Decision No. 31/2019 concerning the economic substance regulations (the “Regulations” or the “Economic Substance Regulations”) on 30 April 2019 in response to the European Union (EU) adding the UAE to the blacklist of non-cooperative jurisdictions for tax purposes in March 2019. The Regulations primarily apply to …

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