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Legal Updates - Page- 2

14 Jun 2021

New Digital Platform "Dubai Raffles" will regulate Lotties in Dubai

New Digital Platform "Dubai Raffles" will regulate Lotties in Dubai Dubai Economy has announced the introduction of ‘Dubai Raffles,' a unique and integrated digital platform that will be used to administer raffle drawings and other promotions across the emirate, including Scratch & Win campaigns.  The platform has all of the…

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13 Jun 2021

Mandatory listing of shares of Joint Stock Companies on the Securities Exchanges in the Emirate of Dubai

Mandatory listing of shares of Joint Stock Companies on the Securities Exchanges in the Emirate of Dubai In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. (3) of 2021 (the New Decree) about the…

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08 Jun 2021

The UAE is ranked among the top 20 nations in 13 transportation indexes in 2020

The UAE is ranked among the top 20 nations in 13 transportation indexes in 2020 The UAE has been classified among the top 20 nations in the world in 13 indexes connected to transportation by five organizations that specialize in assessing global competitiveness, adding to the UAE's track record in…

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07 Jun 2021

The G7 countries have agreed to endorse a worldwide corporate minimum tax

The G7 countries have agreed to endorse a worldwide corporate minimum tax The G7 countries declared that they had reached an agreement to impose a worldwide tax rate of 15% on major multinational firms. Finance ministers from the United States, the United Kingdom, Canada, France, Japan, Germany, and Italy convened…

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06 Jun 2021

The UAE Ministry of Economy Revises Anti-Money Laundering Compliance Systems

The UAE Ministry of Economy Revises Anti-Money Laundering Compliance Systems Businesses dealing in gold, silver, and other precious metals must now comply with the Anti-Money Laundering and Counter-Terrorism Financing Law of the United Arab Emirates (AML-CFT). This is as per a circular that dealers in precious metals and stones Licensed…

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03 Jun 2021

The Pope changes the Catholic Church Legal Code laws to Criminalize Sexual Abuse for Adults

The Pope changes the Catholic Church Legal Code laws to Criminalize Sexual Abuse for Adults The Vatican modified the criminal portion of its Code of Canon Law on 01 June 2021, amending Church law to make the sexual abuse of adults by priests a crime that applies to priests no…

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