Insight Category: News
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...
Jimmy Haoula explains, to Khaleej Times, that one of the key attributes of the new law is the prevention of the sale of shares or dividends of family-owned businesses to individuals or companies outside the family. “In order to do so, prior approval from family members is now required before any shareholder can sell an equity… Continue reading How UAE’s new family business ownership law protects against ‘hostile situations’...
On the 7th of November 2021, his highness Sheikh Khalifa Bin Zayed Al Nahyan President of the United Arab Emirates and the ruler of its Capital Abu Dhabi issued law No. 4/2021 regarding civil marriage and its effects in the Emirate of Abu Dhabi. This introduced new principles in relation to the personal status laws… Continue reading What is the process for civil marriage and divorce in Abu Dhabi...
The new Rules reflect the evolving needs of the global business community and include a framework for efficient dispute resolution, digitization of operations and processes and flexibility for all participating parties. Consistent with the UAE Federal Arbitration Law, which in turn is modelled after the UNCITRAL Model Law, the Rules form the backbone of a… Continue reading The new 2022 DIAC Arbitration Rules: the Backbone of a State-of-the-Art International Arbitration Regime...
From hanging out with your avatar friends, buying avatar wearables at e-shopping malls, or even purchasing a home, property, or setting up a business, it’s all starting to take place via a computer-simulated reality on the metaverse. And so far, it has kept governments’ prying eyes at bay. “The UAE hasn’t yet recognized the metaverse… Continue reading No country has jurisdiction over the metaverse (yet)...
Last year the UAE announced some pretty landmark reforms to long-standing laws. These include the right for unmarried couples to conceive a child outside of wedlock, as long as the child is “acknowledged and will be cared for”. There were changes to cyberfraud laws, labour laws and an easing of bounced cheques laws. But perhaps… Continue reading What the big changes to drug rules really mean...
What is the Evernest scam? Evernest Holiday Homes Rental LLC recently conducted a scam in the UAE, resulting in AED30mn in fraudulent gains, impacting almost 500 property owners and tenants. The scam involved Evernest leasing properties from property owners and promising them high returns through rental income from sub-leasing the properties at higher-than-market rent. What… Continue reading The Evernest scam: What happens next?...
The press release says the raft of new laws and legislative amendments “are intended to keep pace with the developmental achievements of the UAE and reflect the country’s future aspirations”. They certainly represent a general tidying up to reflect global best practice and to keep pace with technological development – for instance, amendments to the… Continue reading The impact of the new UAE Laws on the creative sector...
The Emirate of Abu Dhabi, under the guidance of its leadership, aims to adopt a series of care programs and initiatives to improve the quality of life of its citizens by providing adequate housing, free health care, food support, and many other subsidised services that will enhance the life of citizens. In line with Abu… Continue reading Abu Dhabi Social Support Authority...