The expansion of the Abu Dhabi Global Market (ADGM) to Al Reem Island marks a pivotal shift in the UAE’s regulatory landscape. Under the UAE Cabinet Resolution No. 41 of 2023, ADGM’s jurisdiction has extended beyond Al Maryah Island, bringing Al Reem Island under its common law system. This transformation, effective since April 2023, replaces...
The Abu Dhabi Department of Economic Development (ADDED) has issued a circular prohibiting the use of the Abu Dhabi Government emblem on commercial products and services without prior authorization. This directive is in line with Law No. (5) of 2010, which governs the use of the Emirate’s official emblem. The circular emphasizes that the emblem...
Bankruptcy and insolvency are challenging realities that carry profound implications for businesses, affecting everything from operations and leadership to market perception and legal standing. This article examines the far-reaching consequences of bankruptcy, offering insights into its impact on organizations and their leadership. This article complements our foundational article on UAE bankruptcy law. Loss of Control...
With the introduction of the New Bankruptcy Law in the UAE, businesses facing financial challenges now have a broader set of tools to avoid insolvency and liquidation. Emphasizing early intervention, the law provides mechanisms that empower companies to restructure their financial obligations and stabilize operations. This article complements our foundational article on UAE bankruptcy law...
The UAE’s New Bankruptcy Law, effective from May 1, 2024, sets out a structured approach for entities facing insolvency, providing a pathway for liquidation as a final option. This article complements our foundational article on UAE bankruptcy law by offering a clear, step-by-step guide for stakeholders to understand and navigate the liquidation process under the new...
On May 1, 2024, Federal Law Decree No. 51 of 2023 on Financial Restructuring and Bankruptcy (the “New Bankruptcy Law”) took effect, replacing Federal Decree-Law No. 9 of 2016 (the “Old Bankruptcy Law”). Although much of the structure from the previous law remains intact, the new legislation introduces significant updates, especially regarding how insolvency laws in the...
Money laundering and terrorism financing have serious implications for economies and societies worldwide, leading countries to implement stringent anti-money laundering (AML) regulations. The UAE, being a prominent international financial hub, has established robust AML and Counter-Terrorism Financing (CFT) regulations to protect its financial system. The UAE’s AML regulations are enforced by various supervisory authorities, such...
The United Arab Emirates (UAE) has long been a regional hub for trade, innovation, and commerce, drawing attention from businesses across the globe. UAE Intellectual Property Law (IPR) have become increasingly critical as the UAE strengthens its position as a business and innovation zone. In the context of international business and trade, IPR laws have...
The UAE has increasingly prioritized data protection in the digital era, developing a robust legal framework to ensure the privacy and security of personal data. The most significant legislative development in this regard is the Federal Decree-Law No. 45 of 2021, commonly known as the Personal Data Protection Law. Alongside this law, a series of...
The United Arab Emirates (“the UAE”) has solidified its position as a global hub for international trade, business, and dispute resolution, making it a crucial jurisdiction for arbitration. Arbitration has become the preferred mode of dispute resolution in the UAE, particularly in commercial disputes, owing to its flexibility, confidentiality, and enforceability. The country’s legal framework...
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