The world has changed dramatically since 2020. First the COVID-19 pandemic, then the Russia-Ukraine war, and now the cascading effects of conflicts across the Middle East — including Red Sea shipping disruptions triggered by Houthi attacks — have pushed force majeure clauses from boilerplate obscurity to the centre of commercial disputes. Parties across the UAE and the broader region are...
Most contracts that run into difficulty do not end in court. They end in a renegotiation — or they should. The businesses that preserve value in a downturn are not those with the strongest legal position on paper, but those that engage their counterparties early, frame the conversation well, and document the process properly. This...
Standard business interruption policies have structural limitations that can defeat a claim entirely. This article explains how those limitations work, what the UAE legal framework offers by way of protection, and what policyholders can do to understand their position. The Coverage Gap Business interruption insurance (BII) is designed to help a business survive during an operational shutdown. Standard insurance policies...
In the evolving financial ecosystem of the United Arab Emirates (UAE), regulatory agility has become a cornerstone of sustainable market growth. Until 2020, control over the UAE’s insurance market was the responsibility of a separate entity, the Insurance Authority (IA). The IA was established under the Federal Law No. 6 of 2007 with a legal personality, and financial and administrative...
A practical field guide to what actually goes wrong—so your restructuring doesn’t turn into a season-long drama. Disclaimer: This article is for general information only and does not constitute legal or tax advice. Dates and amounts mentioned are for illustrative purposes. Rules and practice can vary by emirate and by licensing authority; specific advice depends on your facts and...
Global supply chains are being reshaped by tariff changes, geopolitical shifts, and diversification strategies. For Indian manufacturers, especially those in export-led sectors these developments are prompting a re-evaluation of where production, value addition, and distribution should be located to remain competitive and closer to important markets. In this context, the UAE has emerged as a...
India’s export strategy is evolving in response to global tariff hikes, supply-chain challenges, and rising compliance demands. To stay competitive, the government is leveraging targeted incentives such as the Export Promotion Mission (EPM), duty-free cotton imports, revised jewellery duty drawback, and the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme designed to refund...
Indian exporters today face both unprecedented challenges and powerful new opportunities. With major trading partners such as the United States imposing steep tariff barriers, the Indian government has stepped up to provide relief through duty cuts, incentives, and export promotion schemes. At the same time, the UAE has emerged as a critical platform for Indian...
The UAE’s 2024 economic data marks a pivotal shift in its development trajectory, with non-oil sectors contributing over 75.5% of real GDP — a clear indicator of the country’s accelerated diversification agenda under the “We the UAE 2031” vision. The figures, published by the Federal Competitiveness and Statistics Centre (FCSC), reveal that the UAE’s total...
On 12th May 2025, the Central Bank of the UAE (CBUAE) issued administrative and financial sanctions against five insurance brokers operating in the UAE. The action was taken under Article 14 of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations. Two of the...
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