The major LIBOR scandal and its extended impact on the UAE
March 20, 2019
While it is still too early to judge the effectiveness of reforming LIBOR, it is a step in the right direction.
Significant changes to UAE’s Civil Procedure Code
March 13, 2019
While the changes are welcome, they put pressure on litigants to plead their cases within relatively short time periods …
New long-term residency visas in UAE
February 20, 2019
In a welcome development, the new law introduces long-term residency visas for four categories of persons.
New promotion regime for domestic funds
February 13, 2019
A new agreement could make the UAE a much more attractive place to establish funds.
Federal Penal Code amendments
January 16, 2019
The amendments are designed to make the UAE’s Penal Code consistent with other recent federal legislation and current federal enforcement policies.
Confidentiality under renewed focus
January 9, 2019
The New Banking Law and the New AML Law have enhanced the protection afforded to confidential information.
Netting arrangements made enforceable in the UAE
December 20, 2018
For decades, banks and other counterparties in the UAE have obtained financial services from foreign financial institutions. Industry bodies, such as the International Swaps and Derivatives Association (ISDA), the International Capital Market Association and the International Securities Lending Association, have developed standard documentation for these kinds of transactions …
New anti-money laundering law
December 12, 2018
The new law introduces subtle but important changes to the AML landscape in the UAE.
The UAE’s new Foreign Direct Investment Law
November 21, 2018
Majority foreign ownership is not yet a reality, but the framework is now in place.
Significant precedents from the DIFC courts
November 7, 2018
Afridi & Angell successfully defended an anti-suit injunction, an application to exclude evidence and obtained a document production order.
New services by Dubai Rental Disputes Centre
October 31, 2018
The Rental Good Conduct Certificate service is a first-of-its-kind initiative in the world.
ADGM announces tech start-up licensing regime
October 18, 2018
The licence provides access to a Professional Services Support Programme aimed at allowing entrepreneurs entry to a community of businesses, financial services and professional advisers.
Dubai relaxes rules on filing appeals before the Court of Cassation
October 3, 2018
The Decree provides that appeals to the Court of Cassation must be filed within 60 days of the judgment of the Court of Appeal.
An insight into the latest developments and key issues regarding dispute resolution in the UAE
July 24, 2018
The most significant development in dispute resolution in the UAE, without a doubt, is the recent promulgation of the UAE’s standalone Arbitration Law …
China’s Belt and Road, shaping future judges and hacking justice
July 4, 2018
A roundup of the latest legal updates from DIFC Courts.
Paperless trials, designer courts and other updates from Dubai
June 27, 2018
Dubai International Financial Centre (DIFC) Courts has become the first court in the Middle East to introduce a new secure cloud-based technology.
Hani Abosamra Abdelrasoul, Shelf Drilling
June 13, 2018
Shelf Drilling’s associate general counsel for the Middle East and Africa discusses the changing role of in-house counsel and the effect of technology on the profession.
The UAE Federal Arbitration Law: A First Look
May 23, 2018
The approval of the long-awaited law by the Federal National Council was announced in March this year.
Legal reforms in Abu Dhabi
May 16, 2018
Abu Dhabi has introduced new rules governing the functioning of the Emirate’s judiciary.
UAE: Off-plan sales: risks and rewards
April 25, 2018
Great deals can be found in Dubai’s off-plan real estate sector, but it is critical that prospective buyers do their homework …
UAE: Part-time work
April 4, 2018
The Ministry of Human Resources and Emiratisation has issued the new regulations addressing part-time employment.
The New UAE Pledge Law – Security Registration
February 28, 2018
UAE Federal Law 20 of 2016 introduced a new regime for registering a pledge over moveable assets which are pledged as security for the repayment of a debt …
DIFC Dispute Resolution Authority and Hangzhou Arbitration Commission forge alliance to develop e-commerce dispute resolution
January 31, 2018
Another step towards global connectivity …
Much Ado About Nothing – Ministerial Resolution 972/2017 and Arbitration in Dubai – Horizons & Co
January 29, 2018
The last few months have been an exceptionally remarkable time for disputes lawyers in Dubai …
UAE VAT Designated Zones Defined
January 24, 2018
A Designated Zone is required to be a specific fenced area with security measures and Customs controls in place …
Certificate of Good Conduct Required for all UAE Employment Visas
January 17, 2018
New requirement will be introduced shortly …
Dubai: Dawn Raids – Do you have a policy in place, and is it fit for purpose?
December 19, 2017
How you handle a dawn raid will have a significant impact on the discussions and negotiations that are sure to follow.
Dubai: Changes to Law Allowing Developers to Terminate Off-Plan Sales Contracts
December 13, 2017
An important development that will assist developers who are facing a difficult real estate market …
UAE VAT Executive Regulation Update: Free Zone Guidance
November 21, 2017
The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law …
Opportunities in Dubai’s Healthcare Sector
October 24, 2017
Dubai is the fastest growing healthcare market within the GCC and is becoming an increasingly attractive sector for investors. Afridi & Angell explain the key drivers and options available to investors …
VAT registration in the UAE has commenced
October 11, 2017
The United Arab Emirates Federal Tax Authority has commenced accepting registrations for Value Added Tax through its online portal ….