ADGM
The Financial Services Regulatory Authority (FSRA) of ADGM introduced a new framework for the authorization and supervision of third-party financial technology (FinTech) firms. Third-Party Providers (“TPPs”) are the intermediaries between customers and financial institutions. They help customers to make use of their data more effectively while conducting financial transactions. This new Regulatory Framework will parallelly […]
ATB Legal · 25 Apr 2021 · 1 minRead →
Compliance in the UAE
The UAE Ministry of Economy extended the registration date in government regulations for countering money laundering and terrorism financing until the end of April for non-financial businesses and professions. The targeted companies including real estate agents and brokers, precious metals and gemstones dealers, auditors, corporate service providers and legal consulting companies (legal consulting companies not […]
ATB Legal · 18 Apr 2021 · 2 minRead →
Compliance in the UAE
UAE ICA issued a six-month validity visa to help complete the Golden Visa procedures for long-duration residency. This visa can be stretched for an additional six months. The thing to be noted here is that the multiple-entry visa can be used only for the completion of Golden Visa procedures. Golden Visa is a 10-year validity […]
ATB Legal · 14 Apr 2021 · 2 minRead →
ADGM
Singapore International Arbitration Centre (SIAC) entered a Memorandum of Understanding (MoU) with the ADGM Arbitration Center (ADGMAC) on April 8, 2021, to promote international arbitration for resolving international disputes. SIAC and ADGMAC will join hands to host conferences, workshops, and seminars on International Arbitration in UAE and Singapore. They will mutually help when arbitration hearings […]
ATB Legal · 12 Apr 2021 · 1 minRead →
Company Formation
DIFC, now available for all start-ups and entrepreneurs, offers an opportunity to grow and establish their businesses with the Innovation License. With DIFC’s vast connections every joiner will be open to diversified types of banks, financial, and service providers. DIFC Innovation License enables you to enter tech innovations in the MENASA region. DIFC FinTech Hive […]
ATB Legal · 11 Apr 2021 · 1 minRead →
Arbitration
ICC and Jus Mundi The partnership will give the public access to ICC Court awards that are publishable and related documents from January 2019. This will increase the transparency and strengthen the legitimacy of the awards. Jus Mundi, an international law and arbitration research engine, thinks that information about international law and arbitration must be […]
ATB Legal · 9 Apr 2021 · 2 minRead →
Compliance in the UAE
A penalty of Dh500 is fixed for leaving parked vehicles with the engine on, reported an Emirates News Agency. The police have educated the public about the consequences of leaving their engines on, such as an increased chance of theft. The engine is left on mostly because they leave their infants in these vehicles. This […]
ATB Legal · 7 Apr 2021 · 1 minRead →
ADGM
The ADGM RA and the Registrar of Companies in the Israeli Corporation Authority signed a Statement of Corporation (SoC) to improve business opportunities between both places and to facilitate their registration functions. The SoC will promote partnerships between Israeli and UAE businesses. Additionally, the pact will enable professional knowledge sharing and the possibility of give-and-take […]
ATB Legal · 5 Apr 2021 · 1 minRead →
ADGM
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) warned the financial services community and public about the false claims made by Almena Financial Brokers and Abu Dhabi Financial Brokers on their respective websites. The Brokers claimed that they are given the authority by the FSRA. This gave a wrong notion that […]
ATB Legal · 3 Apr 2021 · 2 minRead →
Compliance in the UAE
The Department of Municipalities and Transport (DMT) and Bayanat (a G42 company) agreed to join hands in the test of private vehicles for transporting passengers in Abu Dhabi. This new mobility solution would add to the service quality provided to the residents and visitors and will help local development and infrastructure. Related Services: UAE Compliance […]
ATB Legal · 31 Mar 2021 · 2 minRead →