ArticleInsurance Brokers – Reduction In Capital RequirementsThe UAE Insurance Authority issued Board of Directors' Resolution No. (14) of 2020 on the Amendment of Some Provisions of the Insurance Authority Board of Directors' Resolution...United Arab EmiratesInsuranceBSA Law
ArticleDubai DIFC's New IP Regulations Provide Welcome ClarityThe Dubai International Financial Centre ("DIFC") has supplemented the establishment of its own Intellectual Property ("IP") Law with newly published IP Regulations, effective from 5 July 2021.United Arab EmiratesIntellectual PropertyBSA Law
ArticleFrom Conflict To Consensus: Bounced And Returned Cheque As A Direct Execution Deed Due To Bank Account's ClosureThe UAE legislator has approved cheques, as a mechanism to provide exceptional protection which other commercial tools do not benefit from.United Arab EmiratesLitigation, Mediation & ArbitrationBSA Law
ArticlePrivate Client Guide To The DIFC FoundationFirst, it's important to grasp what the Dubai International Finance Centre (DIFC) is all about. Established in 2004, the DIFC is a special economic zone...United Arab EmiratesWealth ManagementCavenwell Group
ArticleHow To Be Protected From Bank Fraud And Procedures To File A ComplaintBank frauds are of different kinds and can include different types of financial crimes. It is critical to build awareness on the different type of bank fraud and also to practice the measures...United Arab EmiratesCriminal LawDr Hassan Elhais
ArticleWhat Legal Actions Can The Bank Take If The Customer Defaults On A Loan In The UAE?Defaulting on a bank loan in the UAE is regulated by the Commercial Code (federal decree-law No. (50) of 2022) and the Civil Procedure Law (federal decree-law No. (42) of 2022).United Arab EmiratesLitigation, Mediation & ArbitrationDr Hassan Elhais
ArticleGCC Restructuring & Insolvency ReportThe worldwide economic distress caused by the ongoing Covid-19 pandemic has certainly not spared the GCC region...GlobalInsolvency/Bankruptcy/Re-StructuringBSA Law
ArticlePraxis Strengthens Global Reach As Dominic De Mariveles Relocates To UAEDominic de Mariveles has relocated from London to the UAE in his role as Chief Commercial Officer at Praxis, reflecting the independent professional services firm's commitment to both the Middle East and Southeast Asia as key growth regions. United Arab EmiratesCorporate/Commercial LawPraxis
ArticleThe Rise Of Digital Debt Securities In The Middle EastLet's get digital – the Middle East has been working toward broader adoption of digital debt securities, driven by government-led transformation agendas, regulatory frameworks, and an appetite for financial innovation.United Arab EmiratesCorporate/Commercial LawGreenberg Traurig
ArticleBalancing Transactional Stability And Creditor Protection And: Filing A Claim Seeking "Ineffectiveness Of A Debtor's Disposition"The "Claim seeking Ineffectiveness of a Debtor's Disposition" is one of the most significant and effective tools available to a creditor in order to protect themselves from the fraudulent actions of their debtor.United Arab EmiratesFinance and BankingBSA Law
ArticleBanking Trends: Abu Dhabi Cassation Court Confirms Enforceability over State‑Granted LandThe Abu Dhabi Court of Cassation has issued a precedent-setting judgment that fundamentally alters the enforcement landscape for state-granted land in the UAE. In a decision that overturned two lower court rulings, the highest court confirmed that vacant land granted by the government to UAE nationals can be subject to forced judicial sale to satisfy creditor claims. United Arab EmiratesFinance and BankingHabib Al Mulla & Partners
ArticleCOP28 The Catalyst For Increased International Investment In The Middle East?In January 2023, the Financial Markets Committee of the Gulf Cooperation Council (GCC) announced unified ESG metrics for regional listed companies, representing an important step...United Arab EmiratesFinance and BankingNorton Rose Fulbright
ArticleFive Key Updates To The UAE Commercial Transactions Law And Implications For Financing TransactionsFor nearly 30 years, Federal Decree Law No. 18 of 1993 relating to the commercial transactions law (the "Old CTL") played a key role in regulating dealings between commercial counterparties in the United Arab Emirates (UAE).United Arab EmiratesFinance and BankingAkin
ArticleFrom SCA To CMA – More Than Just A RebrandThe publication in the Official Gazette of the UAE on January 1, 2026, brought into effect significant changes to the regulatory landscape in the UAE.United Arab EmiratesFinance and BankingDechert
ArticleHow Does The Court Recover Money In Bounce Cheque Cases If The Accused Refused To Pay?Reforms related to bounced cheques were recently introduced by the Government of United Arab Emirates. These reforms were introduced through the Federal Decree Law No. 14 of 2020. United Arab EmiratesFinance and BankingDr Hassan Elhais
ArticleHow Is The Travel Ban Imposed In The UAE In Terms Of Financial Matters?A travel ban, in common terms, means restricting an individual who is inside the country to exit the country and prohibiting an individual who is outside the country to enter or re-enter the country. United Arab EmiratesFinance and BankingDr Hassan Elhais
ArticleInterest On Borrowed Money: Understanding The Legal Consequences Under UAE LawIn the UAE, the regulation of charging interest for borrowed money is governed by Federal Decree-Law No. 31/2021, also known as the Crimes and Penalties Law.United Arab EmiratesFinance and BankingDr Hassan Elhais
ArticleTikTok Lures Gen Z With Personal Finance Advice, But What Are The RisksIt can be risky to follow personal finance advice from unqualified or self-declared experts on websites like TikTok, especially for younger people who may have little...United Arab EmiratesFinance and BankingBSA Law
ArticleWire Transfers From Unknown Source – Legal Risks, Liabilities, And Required Regulatory ActionsOne day, you might find an amount of money deposited into your account without any prior notice! This is often followed by a request to return it or transfer it to another account.United Arab EmiratesFinance and BankingHAS Law Firm
ArticleWhat Is A Central Bank Digital Currency? (CBDC)Central bank digital currencies (CBDCs) are a form of digital currency issued by a country's central bank. Countries like the USA are developing CBDCs and looking to provide legislation so as to help regulate these digital currencies. United Arab EmiratesTechnologyCrowe