Dubai Court of Cassation issues principle ruling on debtor's insolvency

Dubai Courts issues landmark judgement on arbitration case

The Dubai Court of Cassation issued a verdict last week on an arbitration matter (Case no. 10/2023), which has been the source of...

UAE Government issues amendments to Arbitration Law

The UAE Government last month issued critical amendments to Federal Law No. 6 of 2018 on Arbitration (“Arbitration Law”). The amendments...

ADGM Enhances Regulatory Framework permitting operations of Private Credit Funds.

The Financial Services Regulatory Authority (“FSRA”) of the Abu Dhabi Global Market (“ADGM”) announced amendments in May 2023 to its...

RAK announces establishment of new free zones for digital assets

On 20 March 2023, as part of its commitment to develop an innovative and diversified economy, Ras Al Khaimah (“RAK”) introduced through...

Dubai enacts new law regulating Dubai’s Maritime Sector

On 22 February 2023, the Dubai Government issued Law No. 3 of 2023 (the “New Law”) regulating and supervising all maritime activities in...

DIFC enacts new Family Arrangement Regulation

In December 2022, Dubai International Financial Center (the “DIFC”) launched a consultation paper proposing the new DIFC Family...

UAE Cabinet issues penalties for violations under Federal Commercial Companies Law

In November 2022, the UAE Cabinet issued Decision No. 102 of 2022 On the Issuance of the Regulations on Administrative Penalties for Acts...

UAE Government issues decree on Corporation Tax

The UAE Government earlier this month issued the relevant legislation under Federal Decree Law No. 47 of 2022 on the Taxation of...

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