UAE Introduces Corporate Tax Relief to Support Small Businesses.
The United Arab Emirates will soon be introducing Corporate Tax, effective for financial years starting on or after 1 June 2023, applicable on the net profit of companies or other businesses in accordance with Federal Law No.47 of 2022 on Taxation of Corporations and Businesses. This move aligns the UAE with other countries implementing Corporate …
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Another positive step in making Dubai a safe place to do business.
Ten banks and financial institutions have formed strategic partnerships with the General Department of Dubai Police to combat financial and economic crimes and improve security. The MoUs signed between the parties aim to facilitate the exchange of knowledge and experience in areas of mutual interest and promote joint efforts to investigate and anticipate economic crimes.
Securing a Bunkering Claim in the United Arab Emirates
This article seeks to discuss the possibility for a bunker supplier, whether a physical supplier or a trader, to arrest and enforce the statutory lien generated by their debt over a ship in the United Arab Emirates (“UAE”) jurisdiction.
The UAE’s collaborative approach to combat cybercrime: A closer look at the proactive strategy
The UAE Cyber Security Council, formed in November 2020, is responsible for developing and overseeing a cyber security strategy that promotes a secure and resilient cyber infrastructure in the United Arab Emirates.
From Foundations to the Future: Dubai’s Journey
Later this month, my colleagues and I will be participating in the Legal 500 Middle East Corporate, Commercial and M&A Summit 2023. The event will feature A panel of private practice lawyers and in-house counsels who will discuss some of the current hot topics in corporate/commercial law in the UAE, including the introduction of Corporate …
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Navigating Regulatory Landscapes for Tokenized Assets in the UAE: Best Practices and Emerging Trends
Tokenized assets, more commonly known as digital securities or security tokens, have become increasingly popular as a means of raising capital and providing investment opportunities. They are digital representations of real-world assets, such as stocks, bonds, real estate, and commodities, that are recorded on a blockchain. The tokenization process allows for the creation of fractional …
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Expedited Procedure under the ICC Arbitration Rules
During the virtual launch of the Centenary of the International Court of Arbitration on January 19 2023, arbitration practitioners and users were reminded of the mission of the ICC Court’s mission “to provide access to justice and the rule of law to everyone, every day, everywhere.”
Coping with Allegations of Medical Malpractice in UAE- A Defence Lawyer’s Perspective
Over two decades ago, an American psychiatrist at the University of Illinois, School of Medicine published an article  (“the Article”) on how physicians react to accusations of medical malpractice and suggested a range of strategies that they can use to diminish the emotional disequilibrium that accompanies this experience. Dr Charles’ findings were based upon …
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The Jewel in the Crown- The Supreme Committee of Medical Liability – Breaking the Log-jam.
Federal Decree No 4 of 2016 and Cabinet Resolution No 40 of 2019 (‘the New Law’) are key pieces of legislation which lead to a seismic shift in how medical malpractice claims are dealt with in the United Arab Emirates.
Corporate Tax in the UAE: How may this affect your business?
The UAE Ministry of Finance have recently published the Federal Law No. 47/2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law.”) The Corporate Tax Law was issued on December 9, 2022, in an effort to aid the UAE in achieving its strategic objectives and accelerate the country’s development and transformation.