Introduction Federal Decree No.14/2020 was circulated on 27th September 2020. The law has removed specific provisions of Federal Law No.18/1993 concerning commercial transactions. This includes amendments relating to decriminalizing of bounced cheques and partial payment of cheques coming into force from 2nd January 2022. The scope for these is narrowed and confined to cases of …
RECENT UPDATES IN THE ARBITRATION SECTOR IN UAE- DIAC RULES 2022 With every new year comes a clean slate and that is how the government of the U.A.E. has at the beginning of the year 2022 bought in enormous changes in its prevailing laws and procedures in practice. As part of its efforts to cement …
In March 2022, the Dubai Government, under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Law No. 9 of 2022 Regulating the Provision of Digital Services in the Emirate of Dubai (“the Law”), with the objective of enhancing the Digital Services provided in the Emirate by incorporating strategic plans for achieving …
On February 2022, the Government of Dubai, under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Law No. 4 of 2022 Regulating Virtual Assets in the Emirate of Dubai (“the Law”), with the objective of establishing a regulatory authority for Virtual Assets and authorizing activities relating to Virtual Assets within the …
The Finance Ministry of the U.A.E plans to introduce corporate taxes to be levied on business profits starting from the fiscal year 1st June 2023. The state’s decision to impose the corporate tax was based on its goal of accelerating its development and strategic objectives. Corporate tax will be a direct tax levied on the …
There have been several high-profile defamation cases making the headlines in recent years. Most of these cases were related to comments or posts made by individuals on social media. In accordance with the laws in UAE, defamatory and derogatory comments posted on social media are on par with such comments made on any other publication …
