The UAE’s Finance Ministry has announced new categories of movable assets. The announcement says there are nine types of funds and movable assets which can be used as collateral for loans and bank financing, including fish, bees and agricultural crops. It also includes equipment and work tools, goods intended for sale or lease and raw materials and goods being manufactured or altered.
Dubai’s Diamond Exchange has signed a cooperation agreement with their Israeli counterpart, the Israel Diamond Exchange. It aims to promote cooperation and dialogue between the two exchanges and will see the Israel Diamond Exchange set up a representative office in Dubai, UAE while the Dubai Diamond Exchange will open a sales office in the Israel Diamond Exchange’s headquarters in Israel. The two exchanges will share knowledge, expertise and experience, promote bilateral trade opportunities and partner on exhibitions, visits and conferences to boost regional trade and support the growth of the global diamond industry.
UAE:Abu Dhabi Global Market Launches Public Consultation on Proposed Electronic Transactions Regulations
The Abu Dhabi Global Market have announced they have launched a public consultation paper on proposed Electronic Transactions Regulations. The consultation ends on 14 October 2020. The aim of the Regulations is to clarify e-signatures are enforceable and electronic records have an equivalent impact to physical copies. They highlight references to ‘writing’ in legislation include electronic form and therefore confirm the validity of electronic contracts. It comes as businesses and consumers are adapting to electronic dealings, including online contracting and e-signatures. Legal concepts have traditionally been based on the existence of a tangible or physical medium. Concepts like document, an ‘original’ or a ‘signature’ still remain relevant in legislation and need to be considered in today’s ever-changing digital environment, particularly when taking the impact of Coronavirus into account.
The UAE’s National Media Council has clarified influencers must be authorised to run advertisements on their social media sites. They must be approved by the Council. This is in line with regulations issued in 2017 by the country’s Cabinet. Advertisements involving health or pharmaceutical products and medical equipment will have to be approved by the Health and Prevention Ministry. All information in the advertisements has to be correct and there should be no errors in the names or specifications about the products. Advertisements must not be vague, ambiguous or unclear; contain false or misleading claims, use fabricated images, exaggerate the product or service being advertised or cause confusion between names, products or activities. The advertisement’s identity should be transparently defined and use clear and unconfusing language. Firms and individuals who don’t comply with the rules will be fined.
The Dubai International Financial Centre has announced it has expanded the applicant criteria for its Prescribed Companies regime. The expanded regime is aimed at attracting companies to establish in the DIFC in a way which aligns with international best practices. The expanded Prescribed Company regime is open to all DIFC non-retail companies, along with their shareholders, Ultimate Beneficiary Owners and affiliates. It can now also be used by family businesses with a large presence in the UAE.
The local authorities in Abu Dhabi, have said all the hotels there will have to provide kosher food. The announcement was made ahead of the anticipated arrival of Israeli tourists. All Abu Dhabi hotels also have to get a kosher certificate which is a document proving the food is produced according to Jewish law and allocate an area in all kitchens to prepare food intended for Jewish tourists.
Abu Dhabi’s Chamber of Commerce and Industry has announced it has launched a Digital Supplier Portal. It will allow quick access to a package of smart services, which have been especially designed to meet the needs and requirements of suppliers, including supplier registration, purchase orders, bids offered and contracts and invoices. Suppliers will be able to access a package of related smart services and learn about the latest related developments easily.
The UAE’s President has approved amendments to the country’s Labour Law (Federal Law No. 8/1980).
Under the amendments, private sector employees will be able to get paid parental leave of up to five days to care for their children. Mothers and fathers will be able to get the leave from when the child is born to when they are six months’ old.
It is the first time this type of leave has been given to male private sector employees in the region. Previously, companies could choose to give paid parental leave to fathers. Mothers will be given an extra five days of paid leave as well.
Women working in the private sector can get 45 day’s maternity leave on full pay, provided they have served continuously for at least a year. At the end of the maternity leave, the new mum can extend their leave without pay for up to 10 days. Maternity leave is paid with half pay if a year of service has not been completed.
There is uncertainty over whether or not Government employees can benefit in the same way. Male public sector employees currently get three days leave following the birth of a child. Women working in the country’s public sector get 90 day’s paid leave. Depending on the Emirate, more time in unpaid leave is typically given. For the first 18 months after birth, women are given two paid rest intervals a day. However, more than 30 minutes cannot be spent nursing the baby.
It is the latest move by the UAE authorities to keep female employees. In 2018, a law ensuring women were paid an equal wage to their male colleagues was approved by the country’s Cabinet.
LexisNexis and Sader Publishing, in Partnership with Salloum & Partners LLC, Launch the First Trilingual French Civil Code (UAE Edition)
LexisNexis, in collaboration with Sader Publishing, launches the first trilingual French Civil Code (English – French – Arabic), under the supervision of Professor Michel Séjean, with a forward by Nicole Belloubet, former French Minister of Justice.
More than 200 years after its first edition, the Civil Code continues to have a global reach. It remains the point of reference for many codified and non-codified texts around the world. This Code is part of LexisNexis’ desire to share the long history and experience of the Civil law with lawyers from different legal systems and to promote the Rule of Law.
The French Civil Code has left its mark in the MENA region. It influenced the work of several famous Arab legal scholars such as Youssef Wahba Pasha in Egypt, who was the first person, in the late 19th century, to translate the Napoleonic Code into Arabic. The French Civil Code also inspired the famous jurist Abdel Razzaq Al Sanhouri in his work on the Egyptian, Iraqi, Syrian, Jordanian, Libyan and Kuwaiti Civil Codes, as well as the work of Choucri Cardahi on the Lebanese Code of Obligations and Contracts in the 1930’s.
Accessing the updated version of the French Civil Code, that incorporates the recent reform of the law of obligations, should prove to be particularly useful to many legislators, academics, researchers, students and practitioners around the world. To make sure that language is no barrier, LexisNexis and Sader Publishing have taken the initiative to combine in one book, an English and Arabic translation of the entire French Civil Code in order to make the concepts accessible to as many people as possible – especially common law trained lawyers.
An explanatory note, written by a renowned professor precedes each section of the Civil Code.
The English translation was carried out by law professors from Loyola University (New Orleans, USA) and Louisiana State University (Baton Rouge, USA), as part of a project led by Juriscope. Expertise on English terminology was provided by Professor Michel Séjean.
The Arabic translation was carried out by Sader Publishing.
The UAE edition is sponsored by Salloum & Partners LLC: “We are proud to support LexisNexis’ trilingual publication of the Civil Code, which comes as we celebrate our 40th year in 2020. We are confident that this publication will make the Civil Code accessible to and serve as a reference and invaluable resource for students and practitioners of law in the MENA region and other non-French speaking jurisdictions whose legal systems are based on the Civil Code, not to mention those from a Common Law background,” said Ziad Salloum, Partner at Salloum & Partners LLC.
The trilingual French Civil Code can be purchased online at www.lexiscode.com/en/
Media contact: Sanahine Kassabian: email@example.com
About LexisNexis Legal & Professional
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About Sader Publishing
SADER® comprises a group of companies, the first of which was a publishing house founded in Lebanon, in 1863. It is a heritage that has grown into a legacy in the field of law, in both Lebanon and the MENA region. SADER® provides comprehensive legal and business solutions to and for the Middle East, Gulf and Levant. In 1921, Youssef SADER transformed the company into a creator of legal content precious to the legal community in the region. SADER® became the first specialized legal publisher in the Middle East. Publisher of numerous legal compendiums and specialized books, it turned its offering from traditional print to online complex digital solutions. In line with promoting its vision of facilitating access to legal information and services for people around the world, SADER sought to provide its expertise to the benefit of the greater Middle East region. The UAE Ministry of Justice being among its first and primary supporters, SADER launched the UAE Legal portal in 2007 with the Ministry of Justice. In 2008, LexisNexis and Sader Publishing joined efforts to launch the Lexis® Middle East online platform.
About Salloum & Partners
Salloum & Partners LLC is a multidisciplinary, multilingual, and multicultural boutique law firm, first established in Abu Dhabi, UAE, in 1980. It has become a leading player in the Emirati legal world, offering a local and cross-jurisdictional expertise. Salloum & Partners LLC operates comfortably in Arabic, English, French and Italian, and is in service to a diverse client base coming from a wealth of sectors and backgrounds, including entrepreneurs and high-net-worth individuals, SMEs, large local and multinational corporations, family businesses and family offices, banks and financial institutions, local and foreign government entities and government-owned companies. The law firm retains a highly renowned dispute resolution practice. As one of the oldest and most prominent law firms in the region, Salloum & Partners LLC has always been proud to provide practical advice and holistic solutions to complex problems, underpinned by an unrivalled understanding of the unique cultural and commercial environment of the UAE.
About the Supervisor
Michel Séjean is a graduate of the Higher Institute of Interpretation and Translation (ISIT Paris) and holds a Ph.D. in Law. He is a Professor at the Université Bretagne Sud. He is the Editor-in-Chief of the Henri Capitant Law Review and a member of the Paris MENA Legal Club’s Scientific Board.
The Director of the General Administration of Residency and Foreigners Affairs in Dubai has confirmed the Humanitarian Cases Department will facilitate the return of people who have lost their jobs to their home countries following the expiry of their residence. Even though their residency expired they had to remain in the UAE because of Coronavirus. They will be allowed to stay until their company reemploys them or they get a new job. Those who have had to pay fines because of this will be dealt with separately.