Insight Category: News
The following article provides a useful guide to the various types of funds within the UAE. I. FREE ZONE FUNDS Foreign investors interested in creating an investment fund in the UAE can choose between two free zones the Dubai International Financial Centre (the “DIFC”) located in the Emirate of Dubai and regulated by the Dubai Financial… Continue reading Types of funds in the UAE...
The UAE’s Crypto Industry’s Exponential Growth Leading to an Increase of Cryptocurrency-Related Scams: How to Detect and Avoid them It has become increasingly clear that the UAE has recognized the tremendous potential of cryptocurrency and blockchain technologies and is set to become a hyper-connected city and an ever-evolving business hub. One of the consequences of… Continue reading The rise of crypto scams in the UAE and how to secure your crypto transactions...
The ongoing legal battles surrounding the NMC Healthcare, the largest private healthcare provider in the United Arab Emirates (UAE), has been a big learning curve for how businesses manage their financial records and how banks carry out due diligence, while the eventual outcome will put in place an important set of new legal precedents, BSA… Continue reading NMC scandal is watershed moment for UAE businesses...
An overview of the Federal Narcotics and Psychotropic Substances Control Law Promulgated by Federal Decree-Law No. 30 of 2021. Recently the law regarding narcotic drugs and psychotropic substances has been updated, this is in light of legislative developments pursued by the UAE legislator in developing several laws within the country. There have been misinterpretations made… Continue reading The Federal Narcotics and Psychotropic Substances Control Law and deportation...
On the back of Electric Vehicle Innovation Summit (EVIS), the Abu Dhabi Department of Energy (DoE) announced on Wednesday May 25th the introduction of a new regulatory policy for Electric Vehicle (EV) charging infrastructure in the emirate. This is a substantial step forward towards the goal of meeting the UAE’s ‘Net-Zero by 2050’ strategic initiative… Continue reading The Greener Future of EVs...
On Thursday May 26th, BSA Ahmad Bin Hezeem & Associates (BSA), in partnership with United Insurance Brokers (UIB), hosted a workshop on ‘Mitigating Risks and Increasing Returns in M&A: How Insurance Provides Both’. Held in BSA’s award-winning DIFC offices, the event was delivered in two parts, the first being an interactive panel discussion, where Simon… Continue reading BSA event: Mitigating Risks and Increasing Returns in M&A...
Established for the purposes of assuming the role of mother company to the Kaizen Group and its global affiliate companies, ensuring the intergenerational operation and expansion of the Kaizen Group in perpetuity, together with holding and managing its subsidiaries, licensees and assets. To learn more about the Kaizen Group, please go to www.kaizen.com The legal… Continue reading BSA advises the Kaizen Global Group of Companies on the formation of their DIFC Foundation...
In the following article Yasin Chowdhury discusses Articles 40 and 41 of the Labour Law, with Times of Oman, which cover termination. “The offences attract the provisions of Article 40 when the termination is by the employer, whereas Article 41 relates to lawful resignation by the employees after they have served a prior notice,” Chowdhury… Continue reading Oman Labour Law: When employees can be terminated...
The UAE business community has been attempting to prepare for the introduction of the country’s new labour law on Wednesday, but there has been uncertainty regarding how it will impact the number of annual leave days that employees are entitled to, with some suggesting that the new law represents an increase in time off. However,… Continue reading Here is how the new UAE Labour Law will affect annual leave...