The ADGM Real Property Regulations 2024 introduces significant changes for property owners, apartment owners, banks, and financial institutions on Al Reem Island, impacting the registration of properties, leases, and ownership rights. A key milestone in this process was the transfer of the real estate register from the Abu Dhabi Municipality (ADM) to the ADGM Registration...
In today’s rapidly changing financial landscape, affluent families are seeking sophisticated and secure ways to manage their wealth and investments. Family offices have emerged as a highly effective solution, offering tailored financial services to affluent families, managing their assets, and safeguarding their legacies for future generations. Among the premier destinations for establishing a family office,...
Family offices have emerged as essential entities in the realm of wealth management, serving as dedicated and comprehensive solutions for high-net-worth families. These private wealth management institutions cater to the specific financial needs of affluent families, ensuring the preservation and growth of their wealth while addressing a wide range of personalized services. From investment management...
With an aim to expedite the resolution of disputes and reduce the burden on the court systems in the country, the United Arab Emirates has made a significant update to its legal framework concerning dispute resolution with the enactment of the Federal Decree Law No. 40 of 2023. This law which came into effect on...
As long as the arbitration agreement remains valid, national and state courts will not have jurisdiction to entertain claims arising from contracts that contain an embedded arbitration clause. The Court also clarified that non-payment of arbitration costs does not result in waiving the arbitration agreement, thus entitling either party to resubmit the claim with the DIAC.
