On 15 July 2024, the DIFC Prescribed Company Regulations ("New PC Regulations") were implemented, replacing the Prescribed Company Regulations issued in 2019.

Setting up business in a UAE free zone carries many advantages for overseas investors. Perhaps most importantly, it enables foreigners 100% ownership, zero corporate taxes and repatriation of profits.

Many global UK and US companies, in an effort to make diversity a business imperative, have adopted management-driven programmes and diversity initiatives aimed at prohibiting discrimination on the basis of an employee's membership of a protected class.

SCA has issued two draft Directors’ Decisions, the first concerning the regulation of investment funds (Fund Decision), the second covering the activity investment managers (Manager Decision).

With the aim of promoting Dubai as the regional hub for business in the Middle East, the Government of Dubai recently introduced a new Licensing Law that delegates to DED the responsibility of streamlining and updating the current licensing system as well as, more generally, regulating economic activities in Dubai.

Commercial mortgages are governed by the UAE Commercial Code and are the type of security registered over business premises’ in the UAE in relation to the tangible and intangible assets of a business necessary for commercial activity.

The UAE's Bankruptcy Law (Federal Decree Law No. 51 of 2023) came into effect on 1 May 2024, with Executive Regulations issued on 16 September 2024.

Recent legislative amendments, including Federal Decree-Law No. (14) of 2020 and Federal Decree-Law No. 50 of 2022, have recognized cheques as enforceable instruments in the UAE...

To help streamline administrative tasks relating to the admission and registration of students, many UAE school administrators are moving towards online admission and registration platforms.

Since international markets were sent into a spin following the Dubai World announcement proposing a standstill on its debts on November 25 in 2009, the Emirate of Dubai has sought to address systematic issues affecting the stability and attractiveness of the local economy.

On 24 October 2024 the UAE's Federal Tax Authority (FTA) issued a new Corporate Tax (CT) guide on Real Estate Investment for Natural Persons (the Guide).

On 2 October 2024 the UAE's Federal Tax Authority (FTA) published an amended version of the VAT Executive Regulations which incorporates changes introduced by Cabinet Decision No. (100) 2024.

Erik Muthow and Prabhat Misra give a broad overview of how the vessel mortgage process, and relevant laws, work in the UAE and highlight areas where lenders and ship owners should be mindful of when electing to finance a UAE flagged vessel.

Operating a limited liability company in the UAE requires UAE nationals to hold a majority shareholding in the company.

The integration of national IP strategies with the economic agenda of the UAE has seen a number of initiatives, the most notable of which was in February 2024...

The Dubai Data Law, which has been in force since 27 December 2015 aims to improve efficiency between, and facilitate the integration of, services provided by federal and local governmental entities.

The Ministry of Labour has introduced five new work permits.

We are proud to share the latest edition of our Hadef Highlights newsletter, which marks the culmination of a highly successful AI-focused campaign at Hadef & Partners.

In Middle Eastern jurisdictions, contracts concluded by the governments are subject to a particular regulatory framework, both in terms of governing law and dispute resolution.

The main costs that a lender incurs in providing its loan are its funding costs – for example, EIBOR and the cost of complying with capital adequacy and liquidity requirements applicable to that loan.