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January 2, 2024
Oman Opens Wider for Foreign Investment; Allows Non-residents to Start Business 

​​The Sultanate of Oman is gearing towards a Foreign Investor-friendly regulatory regime. With the latest regulatory reforms, foreign investment do not need a residency card to establish a business in Oman. This groundbreaking development is part of Oman’s strategic vision to diversify its economy and attract global investors.​  Thinking about expanding your business to Oman?...

December 26, 2023
UAE Accountability Authority: ​​A Successor to the Supreme Audit Institution

​​The Supreme Audit Institution in the UAE is being replaced by the UAE Accountability Authority. The new Authority will be instrumental in UAE’s effort to curb Bureaucratic corruption and offer improved protection and safeguards to whistleblowers. ​ Background WAM (Emirates News Agency), the official news agency of the United Arab Emirates (UAE) has reported on...

December 26, 2023
New Law Reduces Judicial Fees in Ras Al Khaima Courts

Judicial fees in Ras Al Khaima courts are substantially reduced for various legal proceedings, including civil and commercial lawsuits, rental disputes, and executive cases. Fee reductions for appeals made before the Courts of Appeal and Cassation. Jointly intervening litigants can engage in the legal process without incurring additional charges for their motions. On November 16,...

December 22, 2023
arbitrateAD: Abu Dhabi Heralds a New Era in International Arbitration

The Abu Dhabi Chamber of Commerce and Industry has unveiled the Abu Dhabi International Arbitration Centre (arbitrateAD), a new international arbitration centre situated in Abu Dhabi. Starting February 1, 2024, the new governance framework and arbitration regulations will supersede those of the Abu Dhabi Commercial Conciliation and Arbitration Centre (ADCCAC). This significant development marks a...

December 17, 2023
UAE Finance Lease Laws: Lessee or Lessor—Who is Liable for the Losses?

Federal Decree-Law No. (32) of 2023 on Finance Lease comes into effect on 29 March 2024 Bilateral and tripartite leasing includes sale-leaseback arrangements Registration of a finance lease agreement is no more mandatory; but needed to ensure enforceability with third parties In a tripartite lease arrangement, the risk of loss concerning the leased asset is...

December 1, 2023
UAE Revises Patent Fees and Industrial Property Rights Regulations

  New patent fees tailored specifically for small and medium businesses (SMEs). Reinstates fees for services such as annuities and change of representation. Amended fee structure for enhanced Industrial Property Rights regulation takes effect by January 15, 2024. With the introduction of new patent fees and reinstating certain abolished fees, the United Arab Emirates (UAE)...

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