Dubai Archives - LexisNexis Middle East

Dubai: Electricity and Water Conservation Measures Handbook Issued

25/07/202125/07/2021
by Marlé Van Sandwyk

Dubai’s Electricity and Water Authority has announced it has issued an Electricity and Water Conservation Measure Handbook.

It is aimed at informing residential, commercial, industrial and Government customers about technologies and systems to reduce their electricity and water use.

It is part of the Authority’s efforts to boost sustainability and improve customer and societal engagement.

It highlights various modern technologies to conserve electricity and water consumption for various types of buildings. It covers adding or replacing existing equipment and control measures to increase the efficiency of buildings and retrofitting them. These include air conditioning and cooling systems, lighting systems, water-saving fixtures, as well as building control systems to improve the operation of equipment.

It also presents expected savings as a result of implementing conservation measures. It also includes useful links and additional tips for customers to learn about further technologies to conserve electricity and water in their buildings.

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News developments

Dubai: Arabtec Trustees Appointed

21/06/202121/06/2021
by Marlé Van Sandwyk

Gulf News (United Arab Emirates), 21 June 2021: Dubai’s Court of First Instance has appointed trustees for each of the Arabtec Group companies facing liquidation.

They have accepted the petition to open bankruptcy proceedings for Arabtec Holding and its subsidiaries including Arabtec Construction LLC, Austrian Arabian Readymix Concrete Co, Arabtec Precast,. Arabtec Constructions LLC, Emirates Falcon Electromechanical Co.; and another entity under the same title and Emirates Falcon Electromechanical Co.

They will review the accumulated debts and create a record of all creditors.

Each trustee overseeing an Arabtec Group entity facing liquidation has to submit a request to the court on the contractual and legal interests.

They have to prepare an initial separate report on the assets of each entity and its rights with third-parties. They must also list all managers and members of the board of directors and shareholders for the two years preceding the bankruptcy application. In addition, they have to submit their opinion on the management and the preservation of the company’s assets.

The Court have also stated all procedures in Federal Decree-Law No. 9/2016 (the Bankruptcy Law) must be completed within 35 days from the date of the trustee appointment notification.

Initial reports from the trustees have to be handed in within two weeks.

The announcement paves the way for the liquidation of the UAE’s biggest construction company and will also be the benchmark for future proceedings under the country’s recently amended Bankruptcy Law.

In addition, the Court has stayed all judicial procedures and execution procedures on the companies’ assets until a restructuring plan is approved or for 10 months from the date of the decision to open the bankruptcy proceedings.

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News developments

Dubai: Government Regulations Must be Cut by 30%

13/06/202113/06/2021
by Marlé Van Sandwyk

Gulf News (United Arab Emirates), 9 June 2021: Dubai’s Crown Prince and Executive Council Chairman has issued instructions for Government regulations to be cut by 30% by September.

The aim is to make it easier to do business in the Emirate.

The instructions have been issued in line with the UAE’s Vice- President and Prime Minister and Dubai Ruler’s goal to support the private sector in the Emirate by simplifying procedures to boost the Emirate’s competitiveness and increase its attractiveness to investors.

They also want to enable businesses to grow in the Emirate.

Also reported in Emaratalyoum on 9 June 2021. For full story see https://www.emaratalyoum.com/local-section/other/2021-06-09-1.1499948.

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News developments

Dubai: International Financial Centre Courts Approves E-seal

11/05/202111/05/2021
by Marlé Van Sandwyk

The Dubai International Financial Centre (DIFC) Courts has announced it has approved the launch of an e-seal.

It follows their acquisition of the qualified electronic seal solution Ethaq.

This is a paperless initiative which enables digital authenticity of documents supported by the UAE PASS together with Smart Dubai. This is the secure national digital identity platform for the UAE.

It provides an end-to-end signing solution which combines both electronic seal and e-signature solution based on digitally verifiable identities.

It is powered by Dubai Electronic Security Centre and its Root Certificate Authority. The Courts are the first Dubai entity to acquire the entirely paperless certificate which enables court documents to be electronically signed, issued and authenticated.

It will also reinforce the security and integrity of the documentation and prevent official documents from being tampered with. It will enable users to digitally verify the authenticity of any legal documents through the DIFC Courts website.

The functionality will be implemented in phases.

It will initially be rolled out for all court user service documents, like DIFC Courts Judgments and Orders. It will then be rolled out for all internal and operational documentation in the Courts.

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News developments

Dubai: International Financial Centre Amends Founding Law

09/05/202109/05/2021
by Marlé Van Sandwyk

Gulf News (United Arab Emirates), 6 May 2021: Dubai’s Ruler has issued Dubai Law No. 5/2021 repealing Dubai Law No. 9/2004 which was the founding law of the Dubai International Financial Centre.

It provides clarity on the duties and responsibilities of the President, the Governor and entities in the Centre.

It also expands the Centre’s strategic objectives to include ‘advancing sustainable economic growth for Dubai, developing and diversifying the economy and increasing the GDP contribution of the financial services sector, to promote investment into Dubai and to attract regional and international entities to establish themselves in the Dubai International Financial Centre as their principal place of business’.

The new Law allows the Centre’s President to exempt certain Federal and local government authorities, companies and other entities from any Centre laws applicable to them when present in the Centre. In these cases, only UAE Federal and local laws will apply to them. This will allow the increasing numbers of Federal and local government authorities in the Centre to be exempt from certain Centre laws which were never intended to apply to them.

It also ensures the Centre’s operational, financial and administrative independence.

The Dispute Resolution Authority will be split and operate as two separate bodies. The first will be the Dubai International Financial Centre Courts and the second will be the Arbitration Institute.

In addition, the amendments provide clarity on what establishments may do outside their physical premises in the Centre. They may supply services and products to customers outside the Centre, as long as they are primarily provided out of their premises in the Centre. Marketing and promotion of their activities can be conducted outside the Centre as well.

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News developments

Dubai: E-scooter Ban Announced

02/05/202110/05/2021
by Marlé Van Sandwyk

Khaleej Times (United Arab Emirates), 29 April 2021: The Dubai Municipality have announced a ban on e-scooters in public parks in the Emirate.

Motorbikes will also not be allowed in parks and visitors will not be allowed to walk on bicycle tracks.

The speed limit for cyclists is 15 kilometres an hour.

They made the announcement on Twitter.

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News developments

Dubai: No Gambling Licenses Being Issued

25/04/202125/04/2021
by Marlé Van Sandwyk

Khaleej Times (United Arab Emirates), 22 April 2021: Dubai’s Government Media Office has said no gambling licenses are being issued.

They were responding to rumours on social media saying these licenses had started to be issued.

Also covered in Al Bayan on 22 April 2021. For full story see https://www.albayan.ae/uae/news/2021-04-22-1.4147590.

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ExpiredUAE Civil Code Bridge Series

09/05/201927/06/2019
by Benjamin Filaferro

We're sorry, but all tickets sales have ended because the event is expired.

Introductory Chapter
23/06/2019
5:00 PM - 7:00 PM
Contracts (Book Two)
24/06/2019
5:00 PM - 7:00 PM
The Codes within the UAE
25/06/2019
5:00 PM - 7:00 PM

Speakers

Karim Nassif

Register Here Attend the complete series in Dubai and earn up to 6 CLPD points! Following the success of previous instalments, LexisNexis and the DIFC Academy of Law are pleased to announce another instalment of a series of courses that bridge the gap between the civil law and common law systems that co-exist in the (more…)

ExpiredUAE Civil Code Bridge Series

30/10/2018
by Benjamin Filaferro

We're sorry, but all tickets sales have ended because the event is expired.

Introductory Chapter
04/12/2018
5:00 PM - 7:00 PM
Contracts (Book Two)
05/12/2018
5:00 PM - 7:00 PM
The Codes within the UAE
06/12/2018
5:00 PM - 7:00 PM

Register Here Attend the complete series in Dubai and earn up to 6 CLPD points! Following the success of previous instalments, LexisNexis and the DIFC Academy of Law are pleased to announce the fifth instalment of a series of courses that bridge the gap between the civil law and common law systems that co-exist in (more…)

ExpiredREAL ESTATE LAW with BSA Ahmad Bin Hezeem & Associates LLP

02/08/201809/09/2018
by Madelein Du Plessis

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Real Estate Sector Regulation
17/09/2018
5:00 PM - 7:00 PM
Land acquisition, transfers and dispute resolution
24/09/2018
5:00 PM - 7:00 PM
Real Estate due diligence
01/10/2018
5:00 PM - 7:00 PM
Joint development agreements
08/10/2018
5:00 PM - 7:00 PM

Speakers

Robert Mitchley

Register Here This Real Estate Law course brings to life the color and law of real estate in day-to-day settings. In addition to the lively case selection, it also has a clear set of rules that will enable you to recognize, solve, and prevent legal issues. BENEFITS This course will enable the attendees to understand (more…)

Tag: Dubai

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