Law Firm ILN-telligence Podcast | Episode 74: Ziad Salloum, Salloum & Partners, United Arab Emirates
The rise of digital transactions has transformed interactions between consumers and businesses. As technology rapidly advances, regulatory frameworks must adapt to address emerging challenges. Federal Decree-Law No. 14/2023...more
Summary - In June 2023, the Financial Action Task Force (FATF) issued a report addressing the progress made by the UAE in improving its level of compliance with the FATF Standards, since the FATF’s previous Mutual...more
For nearly 30 years, Federal Decree Law No. 18 of 1993 relating to the commercial transactions law (the “Old CTL”) played a key role in regulating dealings between commercial counterparties in the United Arab Emirates (UAE)....more
The law related to cheque bounce has undergone a change in recent times in the UAE. The law on cheque bounce in the UAE is codified in the Federal Law No 18 of 1993 concerning commercial transactions law (Commercial...more
The United Arab Emirates (the “UAE”) has announced a new division of its court system established specifically to hear cases relating to money laundering and financial crime. This new Court, an integral element of the UAE’s...more
Indictment Alleges that Bank and its Officers Used Front Companies to Evade Prohibitions on Iran’s Access to the U.S. Financial System - The U.S. Attorney for the Southern District of New York has charged Turkish state-owned...more