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Significant changes to consumer protection legislation in the United Arab Emirates (UAE) will take effect on 14 October, 2023.

The Abu Dhabi Global Market ("ADGM") has introduced a regulatory framework governing the appointment of Company Service Providers ("CSPs") by special purpose vehicles ("SPVs") and foundations.

Dubai International Financial Centre, commonly known as DIFC, is one of the UAE’s most recognized financial and commercial hubs. It has its own legal and regulatory framework, its own courts, and an English-language...

On 14 December 2009, UAE’s stock market shot up in excess of 10% following the announcement of the due repayment of $ 4.1 billion to the Sukuk holders of Nakheel Development Limited following a $ 10 billion support payment from Abu Dhabi to the Government of Dubai.

A foreign branch can be converted into an LLC in Dubai or Abu Dhabi, but it is not a simple amendment. The process involves re-registering the business as a separate legal entity, transferring contracts, employees and licences, and restructuring ownership. This shift allows businesses to ring-fence liability, improve operational flexibility and align with long-term expansion plans.

A significant number of new requirements were placed on companies listed on the Abu Dhabi Stock Exchange and Dubai Financial Market when the SCA corporate governance guidelines became effective on 30 April 2010.

The Dubai International Financial Centre ("DIFC") recently issued the Prescribed Company Regulations 2022 ("PC Regulations"). The new PC regulations from the DIFC have amended...

Netflix uses its recommendation systems to keep you hooked

Macroeconomic headwinds, lower VC funding and M&A downturn risks remain high. However, innovations in new emerging AI technologies are attracting larger investments, giving it a major boost.

There are a variety of corporate structures available to foreign companies seeking to set up in the UAE.

Thus, even if heads of terms are non-binding, they often do contain legally binding provisions that are necessary for the protection of parties.

Although other provisions of the new CCL do not necessarily have to be implemented, they might be advantageous for a minority shareholder or useful to ease the exercise of shareholders' rights and, thus, could be worth to be included in the MoA and AoA.

For many business owners, there may come a time when the jurisdiction or environment in which they operate in is no longer favorable or attractive.

The UAE Central Bank issued new Regulations No.29/2011 Regarding Bank Loans & Services Offered to Individual Customers effective as of 1 May 2011 (the Regulations).

In this article Ghalib Mahmoud, Partner, Dispute Resolution – Restructuring & Insolvency together with Abdallah Doudin, Associate, Dispute Resolution – Restructuring & Insolvency...

With Expo 2020 Dubai fast approaching, many businesses are looking to enter the UAE market and existing businesses are looking to expand their presence.

The English Court of Appeal recently considered the effect of a contractual prohibition against assignment of receivable in receivable financing.