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Lawyers in Abu Dhabi
27 Nov 2024

UAE VAT Executive Regulations: Key Amendments and Business Implications

UAE VAT Executive Regulations: Key Amendments and Business Implications On September 6, 2024, the UAE introduced major amendments to its VAT Executive Regulations (ER), which were later published in the Official Gazette No. 783 on September 16, 2024. These changes, effective from November 15, 2024, are designed to improve compliance,…

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Lawyers in Abu Dhabi
16 Oct 2024

Dubai Introduces New Taxation Law for Foreign Banks

Dubai Introduces New Taxation Law for Foreign Banks On March 8, 2024, Dubai enacted Law No. (1) of 2024 concerning the taxation of foreign banks operating within the emirate. This new legislation, which repeals Regulation No. (2) of 1996, aims to address concerns regarding potential tax increases following the introduction…

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Law Firms in Dubai
23 Apr 2024

An In-Depth Analysis of UAE Financial Restructuring and Bankruptcy Law

An In-Depth Analysis of UAE Financial Restructuring and Bankruptcy Law In a significant legal overhaul, the United Arab Emirates (UAE) has embarked on a journey of insolvency reform with the promulgation of Federal Law No. 51 of 2023, heralding the dawn of the Financial and Bankruptcy Law, colloquially known as…

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Lawyers in Abu Dhabi
21 Mar 2024

SCA Introduction of Anti-Money Laundering Provisions

SCA Introduction of Anti-Money Laundering Provisions In a bid to fortify its regulatory framework and enhance financial integrity, the United Arab Emirates Securities & Commodities Authority (SCA) has recently unveiled a pivotal amendment to its Rulebook, specifically targeting anti-money laundering (AML) measures and the combatting of terrorism financing and unlawful…

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Lawyers in Abu Dhabi
17 Feb 2024

Crypto Currencies and Legal Frameworks in the United Kingdom

Crypto Currencies and Legal Frameworks in the United Kingdom The world of cryptocurrency has experienced exponential growth over the past decade, revolutionizing traditional financial systems and opening up new avenues for investment and financial innovation. In the United Kingdom (UK), the rise of cryptocurrencies has prompted regulatory bodies to establish…

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Lawyers in Dubai
30 Jan 2024

Law of Agency in the US

Law of Agency in the US The law of agency in the United States plays a pivotal role in structuring and regulating relationships between individuals and entities, particularly in the realms of business, finance, and real estate. This area of law, which centers on interactions between agents and principals, is…

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crypto currency Laws in UAE
09 Dec 2023

Cryptocurrency Market in UAE

Cryptocurrency Market in UAE The United Arab Emirates (UAE), known for its dynamic economy and technological advancements, has been making significant strides in embracing the world of cryptocurrencies. This article delves into the current state of the cryptocurrency market in the UAE, exploring regulatory developments, market trends, and the evolving…

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Financial Lawyers in UAE
05 Dec 2023

Overview of the Current Indirect Taxes in GCC

Overview of the Current Indirect Taxes in GCC The Gulf Cooperation Council (GCC) has undergone significant economic reforms in recent years, with a particular focus on the introduction and development of indirect taxes. This article provides an overview of the current state of indirect taxes in the GCC region. VAT…

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Lawyers in Abu Dhabi
01 Dec 2023

Priorities of India’s G20 Presidency

Priorities of India’s G20 Presidency India gathered the G20 leaders' Summit for the first time in 2023, as 43 Heads of Delegations the biggest ever in the G20 participated in the last New Delhi summit in September. As a nation focused on democracy and multilateralism, India's presidency has been a…

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taxation Laws in Qatar
20 Nov 2023

Income Tax Amendment in Qatar

Income Tax Amendment in Qatar The purpose behind the amendments is to adjust the Income Tax Law with worldwide standards and best practices. It is expected that amendments to the Executive Regulations (ER) will be published soon, which will incorporate further insights about the new amendments to the Income Tax…

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Lawyers in Abu Dhabi
13 Nov 2023

UAE’s New Digital Assets Law

UAE’s New Digital Assets Law In the rapidly evolving world of finance and technology, digital assets have emerged as a transformative force, reshaping the way we perceive and interact with value. From cryptocurrencies to non-fungible tokens (NFTs), the realm of digital assets is expansive and diverse, bringing forth a myriad…

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Law Firms in Dubai
02 Feb 2022

Buy Now Pay Later offerings in UAE

Buy Now, Pay Later (BNPL) offerings in the UAE and Legalities Surrounding them In these times of economic instability, and as the coronavirus continues to wreak havoc worldwide, buy-now-pay-later (BNPL) solutions are eclipsing credit cards more conveniently and transparently to fund transactions. E-commerce has developed over the last two years,…

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Lawyers in Dubai
05 Jan 2022

Crypto Asset Regulation in the UAE

Crypto Asset Regulation in the UAE - A Guide The sphere of crypto assets is continuously evolving in all spheres in the global area. The terminology is simultaneously advancing with terms such as crypto assets, cryptocurrencies, security tokens, etc. The regulation of these crypto-assets is a matter of frequent discussion…

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Criminal Lawyers in Dubai
05 Dec 2021

Bounced Cheques no longer a criminal offense

Bounced Cheques no longer a criminal offense post 2 January 2022 “The moment I write out a cheque, it’s an asset I have written off” – Shiv Nadar. The UAE being a business hub with a growing economy, cheques are one of the common forms of payments and a technique…

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