Category: Legal Updates
KSA New Buy Now Pay Later Rules
In furtherance of KSA’s 2030 vision, new set of rules regulating “buy now pay later” sector have been recently introduced by SAMA. The new rules contribute to the growth and sustainability of such sector while...
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WHAT TO EXPECT FROM THE NEW EGYPTIAN CONSTRUCTION VIOLATIONS CONCILIATION AND REGULARISATION LAW
Introduction: A reading into Law no. 187 of 2023 promulgating the Construction Violations Reconciliation and Regularisation Law (the “New Law”) issued by the President of the Arab Republic of Egypt on 17 December 2023, reflects...
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New Egyptian Construction Violations Reconciliation and Regularisation Law
On 17 December 2023, the President of the Arab Republic of Egypt issued Law no. 187 of 2023 promulgating the Construction Violations Reconciliation and Regularisation Law (the “Law”), in an effort to effectively conclude the...
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The Central Bank Digital Currency Regulations in UAE
The United Arab Emirates (“UAE”) has recently taken a bold step towards the digitalization of its monetary system by amending its Central Bank Law No. (14) of 2018 to include the Central Bank Digital Currency...
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The Evolution of Trust Law in the UAE: Federal Decree No. 31 of 2023
INTRODUCTION Trusts are legal arrangements that allow a person (the “settlor”) to transfer property to another person (the “trustee”) for the benefit of a third person (the “beneficiary”) or for a specific purpose. Trusts are...
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Overview of the new Competition Legal Regime in the UAE
Unveiling the UAE’s New Competition Law No. 36 of 2023 The United Arab Emirates (UAE) stands poised at the threshold of a significant milestone in its economic landscape with the introduction of a groundbreaking new...
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Issuance of Executive Regulations for Law No. 118 of 2023: Establishing Companies for Residential Development and Economic Growth
Minister Falih Al-Raqibah has announced the release of executive regulations for Law No. 118 of 2023, published on August 27, 2023, focusing on the establishment of companies for city and residential development. The regulations, outlined...
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UAE Labor Law Update – End of Service New Scheme
The UAE Cabinet has recently issued Decree No. 96 of 2023, introducing a new framework to regulate the alternative End of Service (EoS) payment scheme. This decree applies to both employees and employers in the...
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Another Step Towards Attracting Foreign Investments in the Kingdom of Saudi Arabia: the Council of Ministers has approved the accession of the Kingdom of Saudi Arabia to Madrid Protocol for International Trademark Registration
On November 28, 2023, the Council of Ministers of the Kingdom of Saudi Arabia approved the Kingdom’s accession to the Madrid Protocol for international trademark registration. This step aims at simplifying and enhancing the process...
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