United Arab Emirates Archives - Page 46 of 64

DLA Piper Participates as a Sponsor at the LexisNexis Women in Law Awards 2023

18/01/202317/02/2023
by Benjamin Filaferro

LexisNexis Middle East are pleased to announce that DLA Piper will participate as a Bronze Sponsor at the LexisNexis Women in Law Awards 2023 on 2 March 2023.

The Women in Law Awards aim to celebrate women’s accomplishments and innovation in the legal field in the Middle East region. The Awards also set out to recognise the organisations that promote women and gender equality in their teams.

We hope you will join us for this fantastic event on 2 March 2023! Visit the LexisNexis Women in Law Awards website to learn more about the event!

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Yungo Law Participates as a Sponsor at the LexisNexis Women in Law Awards 2023

11/01/202310/01/2023
by Benjamin Filaferro

LexisNexis Middle East are pleased to announce that Yungo Law will participate as the Drinks Reception Sponsor at the LexisNexis Women in Law Awards 2023 on 2 March 2023.

“With percentages of women in partner’s positions in international firms in the Middle East being as low as 0% in some instances, equity and equality are far from being achieved in the region. It takes great strength, resilience and sacrifice for women to become leaders in the international law arena. Therefore, we should take every opportunity to celebrate women’s achievements in the industry. Yungo Legal is proud to sponsor the Women in Law Awards and celebrate every one of you.”
Clotilde Iaia Polak (LLM Law), Managing Partner, Yungo Legal Consultants.

We hope you will join us for this fantastic event on 2 March 2023! Visit the LexisNexis Women in Law Awards website to learn more about the event!

News developments

Dubai: Tribunal Upholds Decision Against Abraaj Founder, Including Largest Ever Fine

05/01/202305/01/2023
by Benjamin Filaferro

3 January 2023: The Financial Markets Tribunal (FMT) has upheld a decision by the Dubai Financial Services Authority (DFSA) against the founder of the Abraaj Group, including its most significant ever fine for an individual of US$135m.

Abraaj Group was fined almost US$3m in 2019 for its misconduct of misleading or deceiving investors and carrying on unauthorised financial service activities in or from the Dubai International Financial Centre (DIFC).

The DFSA ruled against the company’s founder after it found he had personally proposed, orchestrated, authorised, and executed actions that directly or indirectly misled or deceived the investors. In upholding the ruling, the FMT said that ‘the US$135m penalty is unusually high, but the remuneration that Mr Naqvi received was high amidst conduct that was exceptionally serious and the cause of what appears to have been unprecedented harm to the entire community of the DIFC’.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

News developments

Abu Dhabi: Penalties for Improper Practices in Food Production Announced

29/12/202229/12/2022
by Benjamin Filaferro

Khaleej Times, 26 December 2022: The Abu Dhabi Agriculture and Food Safety Authority has announced seven administrative penalties to reduce improper practices in the emirate’s agriculture and food production sector.

The penalties include a notice used in low or medium-risk violations; a warning penalty; placing facilities under financial, administrative, and technical supervision; temporary suspension of the facility’s activity; eliminating or suspending the facility’s licence.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

News developments

The MENA Business Law Review No. 04/2022 is out!

22/12/202222/12/2022
by Benjamin Filaferro

We are pleased to share the fourth edition of the MENA Business Law Review 2022, the definitive business law reference in the Middle East and North Africa! In this edition:

REGULATORY: البيع على الخارطة by Faisal Rashid Al Sahouti of the Qatar International Court and Dispute Resolution Centre (QICDRC)

We look into how Qatar is working on boosting and advancing the real estate sector by establishing the Real Estate Regulatory General Authority, which shall work on achieving stability in the real estate sector, protecting the investors’ money, and fulfilling the vision of the State of Qatar to reach a comprehensive urban renaissance.

LEGISLATIVE INSIGHT: Implementing Regulations under the UAE Immigration Law by Gordon Barr and Roxanne Vesuvala of Al Tamimi & Company

We summarise the new visa rules that have come into force in the UAE.

LITIGATION: The English Courts’ View on the “Convenience” of Litigating in the UAE by Peter Smith of Charles Russell Speechlys

This article considers cases in which English courts have considered the advantages and disadvantages of commercial disputes being heard in the courts of the United Arab Emirates as the alternative to England.

CONSTRUCTION LAW: The Middle East – Safe Harbour for the Global Construction Industry by Andrew Mackenzie and Terrick Mccallum of DLA Piper

In this article, we explore some of the significant projects and developments underway or set to commence in the Middle East soon, with a particular focus on Saudi Arabia, Qatar and the UAE and discuss what this means for the construction sector as a whole in the region.

DISPUTE RESOLUTION: Managing Disputes During the Life Cycle of a Construction Project by James Cameron of Fenwick Elliott LLP

Construction projects have an almost unique ability to generate disputes, which are often expensive and drawn out. This article reviews recent industry reports from HKA and Arcadis. It aims to provide real-world tips to help employers, main contractors, and subcontractors avoid and mitigate disputes where that is not possible.

LIBERALISATION: “Où va le droit des affairs en Tunisie” ? by Dr Najet Brahmi Zouaoui

The new Tunisian constitution of 15 July 2022 appears to be part of a logic of withdrawal from the liberalism of the past. This article explores how the texts of the constitution have been modified to strengthen the exemption of certain economic activities from the requirement of prior authorisation and aims to answer the question of where business law is going in Tunisia today.

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Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

LexisNexis MENA Business Law Review No. 04_2022

Have you read the previous editions of the MENA Business Law Review? Click the links below to access and read previous editions.

LexisNexis MENA Business Law Review No. 03_2022

LexisNexis MENA Business Law Review No. 02_2022

LexisNexis MENA Business Law Review No. 01_2022

News developments

Abu Dhabi: Campaign Launched to Raise Awareness of Rights for Labour Camp Workers

21/12/202221/12/2022
by Benjamin Filaferro

WAM, 19 December 2022: The Abu Dhabi Judicial Department has launched an awareness campaign to help inform workers in labour camps of their rights and duties under the provisions of Federal Decree-Law No. 33/2021 on the regulation of labour.

The campaign aims to shed light on the provisions of the law and the scope of its application, raising the legal awareness of a large segment of workers.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

News developments

Abu Dhabi: Abdu Dhabi Business Hub expands services

19/12/202219/12/2022
by Benjamin Filaferro

Emaratalyoum, 15 December 2022: Abu Dhabi Business Hub has announced it will expand its services for entrepreneurs and micro, small, and medium enterprises to include online educational programmes.

The Abu Dhabi Business Hub is a joint public/private venture offering an interactive platform to support and guide entrepreneurs and businesses.

The platform has also improved user, supervisor, and partners experience in line with best commercial practices.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

News developments

Abu Dhabi: FSRA Seeks Views on the Introduction of Private Credit Funds

14/12/202214/12/2022
by Benjamin Filaferro

12 December 2022: The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper seeking views from fund managers and investors on introducing private credit funds within the FSRA’s collective investment funds regulatory regime.

The aim of the private credit funds – collective investment funds that originate loans to borrowers, purchase existing loans from third-party lenders, or invest in a combination of the preceding – is to increase the fund options in ADGM and attract start-ups and SMEs.

The funds will only be offered to professional clients as either qualified investor funds or exempt funds.
Further information is available on the ADGM website.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

News developments

Dubai: DIFC Seeks Views on Proposed Legislation on Family Arrangements

13/12/202213/12/2022
by Benjamin Filaferro

12 December 2022: The Dubai International Financial Centre (DIFC) has launched a consultation seeking views on its proposed new Family Arrangements Regulations, which, alongside the recently launched Family Wealth Centre, aim to provide a regulatory framework and hub for global and regional family-owned businesses, ultra-high net worth individuals and private wealth.

The key aspects of the proposed regulations are: comprehensive provision for the engagement of family businesses with the DIFC; repeal of the Single-Family Office Regulations and the DIFC’s Single Family Office regime and their replacement by a new Family Office regime that can provide services to a family or more than one family in certain circumstances; the establishment of certification and accreditation regimes for family businesses and their advisors in the DIFC.

The DIFC has also proposed amendments to the Leasing Regulations in a separate consultation paper.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

News developments

UAE: Corporate Tax Law Issued

09/12/202209/12/2022
by Benjamin Filaferro

9 December 2022: The UAE Corporate Tax Law, Federal Decree-Law No. 47/2022 has been issued on the UAE Ministry of Finance website.

The Corporate Tax Law provides the legislative basis for introducing and implementing a Federal Corporate Tax in the UAE. It will be effective for financial years starting on or after 1 June 2023.

The introduction of the Corporate Tax Law intends to support the UAE in achieving its strategic objectives and accelerate its development and transformation.

For the full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.