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Read more informationNew DIFC Employment Law, Law No.2 of 2019 The Vice president and Prime Minister of UAE, His Highness Sheik Mohammed bin Rashid Al Maktoum enacted the new Employment Law, Law No.2 on Wednesday 2019. The law will come into force on 28th August 2019. The main reason for the…
Read moreInsolvency Law of DIFC, Law No.1 of 2019 Dubai International Financial Center (DIFC) has enacted a new Insolvency Law and was announced on Tuesday. It was signed by the Vice President and Prime Minister of the UAE, Sheik Mohammed Bin Rashid Al Maktoum, which aims to balance the needs of…
Read moreGolden Residence Permit The Federal Authority for Identity and Citizenship (the Authority) recently announced the Golden Residence Permit in the Emirate of Abu Dhabi. The visa was issued in consequence of the Cabinet Decision Number 56/208 (the Decision) – permanent residence for the investors. The Authority had initiated a communication…
Read moreSpecial Complaints Referral Centre The Dubai International Financial Center (“DIFC”) entered into an agreement with Dubai Healthcare City Authority (“DHCA”) to ensure the utilisation of the services of the newly established Special Complaints Referral Centre. (“SCRC”). The agreement was signed at the Arab Health Exhibition by the chief justice of…
Read moreOman’s New Banking Law The banking sector in Oman is favorable, and there has been a significant economic growth in the regulations in the Sultanate. The recently introduced policies and directives indicate that Oman’s banking industry desires to work on the same lines as that of the industry best practices…
Read moreLegal Update for New Law on Arbitration – Federal Law No. 6 of 2018 The UAE Federal Law No. 6 of 2018 has introduced certain amendments in the UAE. It ranges from the enforceability of the interim awards as well as arbitral awards. In the appeal case of the Dubai…
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