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  • Article

    Insurance Brokers – Reduction In Capital Requirements

    The 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 EmiratesInsurance
    BSA Law
    BSA Law
  • Article

    Dubai DIFC's New IP Regulations Provide Welcome Clarity

    The 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 Property
    BSA Law
    BSA Law
  • Article

    From Conflict To Consensus: Bounced And Returned Cheque As A Direct Execution Deed Due To Bank Account's Closure

    The UAE legislator has approved cheques, as a mechanism to provide exceptional protection which other commercial tools do not benefit from.
    United Arab EmiratesLitigation, Mediation & Arbitration
    BSA Law
    BSA Law
  • Article

    Private Client Guide To The DIFC Foundation

    First, 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 Management
    Cavenwell Group
    Cavenwell Group
  • Article

    How To Be Protected From Bank Fraud And Procedures To File A Complaint

    Bank 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 Law
    Dr Hassan Elhais
    Dr Hassan Elhais
  • Article

    What 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 & Arbitration
    Dr Hassan Elhais
    Dr Hassan Elhais
  • Article

    GCC Restructuring & Insolvency Report

    The worldwide economic distress caused by the ongoing Covid-19 pandemic has certainly not spared the GCC region...
    GlobalInsolvency/Bankruptcy/Re-Structuring
    BSA Law
    BSA Law
  • Article

    Praxis Strengthens Global Reach As Dominic De Mariveles Relocates To UAE

    Dominic 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 Law
    Praxis
    Praxis
  • Article

    The Rise Of Digital Debt Securities In The Middle East

    Let'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 Law
    Greenberg Traurig
    Greenberg Traurig
  • Article

    Balancing 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 Banking
    BSA Law
    BSA Law
  • Article

    Banking Trends: Abu Dhabi Cassation Court Confirms Enforceability over State‑Granted Land

    The 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 Banking
    Habib Al Mulla & Partners
    Habib Al Mulla & Partners
  • Article

    COP28 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 Banking
    Norton Rose Fulbright
    Norton Rose Fulbright
  • Article

    Five Key Updates To The UAE Commercial Transactions Law And Implications For Financing Transactions

    For 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 Banking
    Akin
    Akin
  • Article

    From SCA To CMA – More Than Just A Rebrand

    The 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 Banking
    Dechert
    Dechert
  • Article

    How 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 Banking
    Dr Hassan Elhais
    Dr Hassan Elhais
  • Article

    How 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 Banking
    Dr Hassan Elhais
    Dr Hassan Elhais
  • Article

    Interest On Borrowed Money: Understanding The Legal Consequences Under UAE Law

    In 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 Banking
    Dr Hassan Elhais
    Dr Hassan Elhais
  • Article

    TikTok Lures Gen Z With Personal Finance Advice, But What Are The Risks

    It 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 Banking
    BSA Law
    BSA Law
  • Article

    Wire Transfers From Unknown Source – Legal Risks, Liabilities, And Required Regulatory Actions

    One 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 Banking
    HAS Law Firm
    HAS Law Firm
  • Article

    What 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 EmiratesTechnology
    Crowe
    Crowe

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