Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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The past year has seen a substantial improvement in the performance of banks and
financial institutions in the UAE. Adequate provisions have been made for most nonperforming
loans, banks are once again aggressively competing for good assets and 2012
bank results show substantial improvement in profits.
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1. According to recently published statistics, the UAE’s medical tourism market was worth $1.58 billion in 2012 and this is expected to grow a further 6.5 per cent to $1.69 billion in 2013. The UAE- with its predominately expatriate population of around 8 million- and the Kingdom of Saudi Arabia are- it seems- the two jurisdictions in the GCC where the demand for medical services- and the appetite to cater to this demand- is booming. The two "senior" Emirates in the seven member federation- Dubai and Abu Dhabi- have broadly similar demographics, hospital beds and medical practitioners although in Dubai the private sector is substantially larger than the public sector whilst the reverse is the case in Abu Dhabi.
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1. Construction industry overview for the jurisdiction
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The Emirate of Dubai has long been a centre for trade and commercial activity and such activity will inevitably generate disputes. In Arabic culture, traders endeavour to settle their disputes by negotiation, either between themselves or under the guidance of a leading citizen. The growth of international trade and investment has brought a wider range of disputes and Dubai has sought recently to place itself as a centre for commercial dispute resolution. Parties to international contracts are generally unwilling to submit their disputes to the Dubai Courts, with proceedings conducted in Arabic, and therefore international contracts generally include provisions for disputes to be resolved by arbitration. The law is developing rapidly in Dubai and the purpose of this article is to provide an insight into current arbitration practice at this exciting stage of its development.
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The original version of this article was published in Practical Law,
Multi-Jurisdictional Guide to Corporate Real Estate, 2012/2013
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"On January 24th, Apple Computer will introduce Macintosh. And you'll see why 1984 won't be like "1984""
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On 7 February 2006, the ILO, a United Nations agency, established the Maritime Labour Convention (MLC 2006). According to the convention, all commercial ships over 500 GT trading internationally will require a Maritime Labour Certificate and a Declaration of Maritime Labour Compliance. The convention will also apply to ships below 500 GT or those operating on domestic trades (within the flag’s territorial waters) but will not require certification, only inspection.
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This article on the MLC 2006 is to provide you with an update and developments regarding the convention. An estimated 90% of world trade is carried on ships and seafarers are essential and integral part of international trade and the international economic and trade system in general.
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Foreign labour migration in the UAE (and, indeed, the AGCC in general) is characteristically transient, a trait which is further exacerbated by the increasing liberalisation of local sponsorship transfer rules. The departure of the original employer's talent pool to a competitor will inevitably impact upon its business, especially if the departures lead to loss of key customers or clients, damage to the company’s competitive edge and other critical elements of profitability. Mandeep Kalsi reports
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The merits and de-merits for seating arbitration in the DIFC using the DIFC-LCIA Arbitration Rules for contracts with UAE counterparties are explored by Reema Ashraf, Jonathan Brown and Valeria Lysenko.
