In commercial transactions, the process of recovering debts owed by companies may sometimes necessitate legal intervention. Under Federal Decree-Law No. 42/2022 on Civil Procedure Law, specific procedures are outlined for the...more
In the UAE, community living is a common lifestyle choice, encouraging a sense of togetherness and shared experiences. However, this closeness to neighbors can sometimes lead to challenges, especially concerning the...more
Air travel has become an indispensable part of modern-day life, offering convenience and efficiency for millions of passengers worldwide. However, with this convenience comes the responsibility of ensuring the safety and...more
The Federal Decree-Law No. 14/2018 on the Central Bank and the Organisation of Financial Institutions and Activities, along with its recent amendments outlined in Federal Decree-Law No. 54/2023, has introduced significant...more
5/7/2024
/ Auditors ,
Banking Sector ,
Customer Protection Rule ,
Digital Currency ,
Electronic Banking Rules ,
Financial Institutions ,
Financial Services Industry ,
Investors ,
Money Laundering ,
Terrorism Funding ,
United Arab Emirates (UAE)
In recent years, the UAE has taken significant steps to enhance transparency and combat financial crimes within its business landscape. Central to these efforts is the identification and regulation of Ultimate Beneficial...more
In recent years, the world has witnessed rapid growth in the popularity and adoption of virtual assets, including cryptocurrencies, non-fungible tokens (NFTs), and various other digital assets. With this rise, however, comes...more
4/24/2024
/ Central Bank Digital Currency (CBDCs) ,
Digital Assets ,
Digital Service Providers ,
Financial Markets ,
Financial Services Industry ,
Investors ,
Non-Fungible Tokens (NFTs) ,
Regulatory Requirements ,
United Arab Emirates (UAE) ,
Unlicensed Professionals ,
Virtual Currency
UAE introduces Federal Decree-Law No. 42/2023 to Combat Commercial Fraud, repealing Federal Law No. 19/2016, and emphasizing a comprehensive legal framework. The new law aims to protect consumers, preserve goods' integrity,...more
The Ministry of Economy in the UAE has recently introduced a comprehensive list of violations under Cabinet Decision No. 66/2023 concerning the Executive Regulation of Federal Law No. 15/2020 on Consumer Protection. Federal...more
4/3/2024
/ Commodities ,
Consumer Complaint System ,
Consumer Protection Laws ,
Contests & Promotions ,
False Advertising ,
Ministry of Economy ,
Misrepresentation ,
Monopolization ,
Penalties ,
Product Labels ,
Suppliers ,
United Arab Emirates (UAE)
In today's digital age, where smartphones and cameras are common, capturing moments through videos or photos has become second nature. However, it's important to be aware of copyright laws, especially when recording inside...more
The liquidation of a company is a pivotal process governed by legal regulations in the UAE. Understanding the intricacies of liquidation proceedings is essential for stakeholders involved in company dissolution. Federal...more
3/19/2024
/ Corporate Dissolution ,
Creditors ,
Debt ,
Division of Assets ,
General-Business ,
Insolvency ,
Inventory ,
Liquidation ,
Partnerships ,
Reporting Requirements ,
Shareholders ,
Sole Proprietorship ,
United Arab Emirates (UAE)
In a significant step, Federal Decree-Law No. 36/2023 has assumed control, replacing the previous competition regulation law (Federal Law No. 4/2012) in the UAE. This new legislation represents a remarkable development,...more
3/12/2024
/ Abuse of Dominance ,
Anti-Competitive ,
Competition ,
Consumer Protection Laws ,
Economic Growth ,
Goods or Services ,
Monopolization ,
New Legislation ,
Penalties ,
Regulatory Reform ,
Unfair Pricing ,
United Arab Emirates (UAE)
The Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), establishes the legislative framework for imposing federal tax on corporations and business profits in the UAE. This...more
In a world where remote work has become increasingly common, the UAE has taken a transformative step by introducing the one-year Remote Work Visa. This initiative allows individuals to reside in the UAE while working for...more
In the UAE, Bank Loans Offered to Individual Customers are governed by Regulation No. 29/2011 Regarding Bank Loans & Other Services Offered to Individual Customers. Additionally, the Central Bank of the UAE issued Central...more
Introduction-
The UAE has recently taken a groundbreaking step in mental health care with the implementation of Federal Law No. 10/2023 on Mental Health. The Mental Health Law prioritizes the rights of individuals...more
2/19/2024
/ Health Care Providers ,
Healthcare ,
Healthcare Facilities ,
Medical Monitoring ,
Medical Records ,
Mental Health ,
Mental Illness ,
Patient Rights ,
Recordkeeping Requirements ,
Therapeutic Services ,
United Arab Emirates (UAE)
The UAE has embraced the digital era with the enactment of Federal Decree-Law No. 14/2023 on Trading by Modern Technological Means. This innovative law aims to regulate and reorganize e-commerce activities, fostering a...more
2/7/2024
/ Advertising ,
Artificial Intelligence ,
Biometric Information ,
Competent Authority (CA) ,
Consumer Protection Laws ,
Digital Marketplace ,
E-Commerce ,
E-Signatures ,
Internet Retailers ,
Ministry of Economy ,
Online Payments ,
Regulatory Requirements ,
Regulatory Standards ,
Risk Management ,
Technology ,
Websites
Introduction -
The UAE has a comprehensive legal framework governing labour relations and financial crimes. Employers in the UAE have clear guidelines for terminating workers without notice in the case of serious offences,...more
In the dynamic world of finance, where businesses seek expert guidance on budgeting, debt management, and fundraising, financial advisors play an essential role. In the UAE, the Securities & Commodity Authority (SCA) has...more
Introduction-
In a significant development, the UAE has introduced remarkable amendments to its Federal Arbitration Law through Federal Decree-Law No. 15/2023. This law, which amends certain provisions of Federal Law...more
Introduction
The General Pension and Social Security Authority (GPSSA) recently introduced a significant change in the pension landscape through Federal Decree-Law No. 57 of 2023 on Pension and Social Security.
This legal...more
Introduction:
The protection of confidential information is an important aspect of employer-employee relationships, and the UAE has established comprehensive laws to address violations of confidentiality clauses.
This...more
Introduction
In the UAE, defaulting on a bank loan is regulated by two important laws: Federal Decree-Law No. 42/2022 on Civil Procedure Law and Federal Decree-Law No. 50/2022 on Commercial Transactions, specifically Bank...more
Investing in off-plan properties in Dubai is an exciting opportunity, offering advantages such as acquiring properties at the project's lowest cost, high return on investment (ROI), and a favourable payment plan.
However, it...more
Introduction
The UAE has implemented laws and regulations to control and regulate the consumption of tobacco and tobacco-related products, including vaping, which refers to the use of electronic nicotine products.
This...more
Introduction:
In any dynamic economy, financial challenges can arise, leading individuals and businesses to face insolvency. To address these situations and provide a structured outline for resolving them, the UAE enacted...more