The Dubai International Financial Center (DIFC) is a well renowned international business hub which has its own independent legal and regulatory framework.
The New DIFC Insolvency Law
On 30th May 2019, His His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, enacted a new DIFC Insolvency Law, Law No. 1 of 2019 for the DIFC.
Abu Dhabi Global Markets (ADGM) on the new Crypto Asset Regulation
The ADGM has emerged as a leading international financial center in the Middle East with the implementation of a regulatory instrument on crypto currency.
UAE’s New Gold Card Permanent Residency System
Under the direction of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the government of UAE had previously announced the establishment of a new visa scheme that would allow permanent residency to foreign residents.
Guide to Termination of Employment
The primary piece of legislation on employment in the UAE is the Federal Law No 8 of 1980 titled ‘The Labour Law’. It governs all seven emirates and applies to all employed personnel within the emirate apart from a few.
Managers and Directors’ Liabilities in the UAE
The key legislative instrument that governs liabilities of managers and directors is UAE Commercial Companies Law No. 2 of 2015 (CCL) also known as the ‘Companies Law’.
Trilingual interactive service for labour cases in Abu Dhabi
The Abu Dhabi Judicial Department (ADJD) has introduced the Hindi Language in the interactive forms of statement of claims filed before courts, alongside Arabic and English in labour cases.
Summary Cases Court launched in Abu Dhabi
Abu Dhabi has launched a new dispute resolution court, the Summary Cases Court, with a particular focus on breaches of employment law.
Issuance of UAE’s long-term residence permit begins
The long-term residence visas that were announced will officially begin issuance on February 3 per the Cabinet of the UAE.