United Arab Emirates

United Arab Emirates Latest Updates
New promotion regime for domestic funds
A new agreement could make the UAE a much more attractive place to establish funds.
Federal Penal Code amendments
The amendments are designed to make the UAE's Penal Code consistent with other recent federal legislation and current federal enforcement policies.
Confidentiality under renewed focus
The New Banking Law and the New AML Law have enhanced the protection afforded to confidential information.
New anti-money laundering law
The new law introduces subtle but important changes to the AML landscape in the UAE.
The UAE's new Foreign Direct Investment Law
Majority foreign ownership is not yet a reality, but the framework is now in place.
Significant precedents from the DIFC courts
Afridi & Angell successfully defended an anti-suit injunction, an application to exclude evidence and obtained a document production order.
United Arab Emirates Related News
Confidentiality under renewed focus
The New Banking Law and the New AML Law have enhanced the protection afforded to confidential information.
Netting arrangements made enforceable in the UAE
For decades, banks and other counterparties in the UAE have obtained financial services from foreign financial institutions. Industry bodies, such as the International Swaps and Derivatives Association (ISDA), the International Capital Market Association and the International Securities Lending Association, have developed standard documentation for these kinds of transactions ...
An insight into the latest developments and key issues regarding dispute resolution in the UAE
The most significant development in dispute resolution in the UAE, without a doubt, is the recent promulgation of the UAE’s standalone Arbitration Law ...
Hani Abosamra Abdelrasoul, Shelf Drilling
Shelf Drilling’s associate general counsel for the Middle East and Africa discusses the changing role of in-house counsel and the effect of technology on the profession.
Much Ado About Nothing – Ministerial Resolution 972/2017 and Arbitration in Dubai - Horizons & Co
The last few months have been an exceptionally remarkable time for disputes lawyers in Dubai ...
UAE VAT Designated Zones Defined
A Designated Zone is required to be a specific fenced area with security measures and Customs controls in place ...
Certificate of Good Conduct Required for all UAE Employment Visas
New requirement will be introduced shortly ...
Dubai: Changes to Law Allowing Developers to Terminate Off-Plan Sales Contracts
An important development that will assist developers who are facing a difficult real estate market ...
UAE VAT Executive Regulation Update: Free Zone Guidance
The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law ...
Opportunities in Dubai’s Healthcare Sector
Dubai is the fastest growing healthcare market within the GCC and is becoming an increasingly attractive sector for investors. Afridi & Angell explain the key drivers and options available to investors ...