A new regulation was posted to the Official Gazette from the Central Bank on March 31st 2021 and now come in to effect on April 30th 2021 outlining, precautionary requirements and behavior for specialized banks. The Central Bank stated that banks and financial institutions would be held responsible for bearing the cost of compensation for […]
The world is in a ‘digital era’. This has been further confirmed by the latest announcement of, the UAE’s first independent digital bank, ‘Zand’. In a recent statement by Mohamed Alabbar, the Chairman of Zand, he stated: “As the first fully independent digital bank in the country, with a full UAE banking license, Zand will
UAE Launches First Digital Bank Read More »
While remote working is now construed as the new normal, the desktop revolution comes with its own challenges to building new and successful work environments and structures. A key aspect that has not been often addressed is the tax implications of remote working and the complexities around it. Historically, physical presence is what drove tax
The Remote Working Revolution and its Tax Implications Read More »
The Public Prosecution has recently launched a new electronic service where residents can challenge fines issued for violating Covid-19 precautionary measures should they feel that they have been penalized unfairly. This service can be accessed via their website and via their app. Such request can be submitted in a few simple steps which include submission
To make a false statement willfully and knowingly about a material fact under oath with the intention to mislead justice can result in a range of penalties as outlined by the UAE Public Prosecution. In a social media campaign aimed at spreading awareness, the UAE Public Prosecution outlines the consequences of false testimonies. As per
The UAE Warns of the Repercussions of Misleading Justice through False Testimony Read More »
If you have defaulted on loans or credit card payments and the bank filed a cause against you and taken legal recourse that resulted in imprisonment or a fine, this does not mean that the matter is over or that you are relieved of the debts to the bank. It is important to understand that
UAE – Bank Debts are Not Waived Off by Imprisonment or Fines Read More »
The Federal Authority for Government Human Resourced (FAHR) announced that starting 24th January 2021 the following updated procedures to combating the COVID-19 pandemic are to be implemented: Federal government employees, outsourced companies and public services companies contracted by federal government entities on a full-time basis will be required to perform a PCR test every seven
COVID-19: Employees Must Get a PCR Test Every 7 Days Read More »
Sultan Butti bin Mejren, the Director-General of the Dubai Land Department (DLD), said a notification to this effect would be issued soon and that the new law is applicable from the date a tenant signs a rental agreement contract. Mejren explained that the push towards adopting this new law is to boost tenants’ confidence in
Dubai Residents Alert: Rents in Dubai to be Fixed for 3 Years Read More »
The UAE Federal Public Prosecution has taken steps to remind residents and reinforce the country’s cybercrime law. They have stressed on the importance of the protection of privacy and the severe consequences for the invasion of privacy in the UAE. According to Article 21 of the Federal Decree Law No. 5 of 2021 on Combatting
Think Before You Click: Hefty Fine for Taking Someone’s Photo Without Consent Read More »
In an effort to improve the quality and efficiency of the judicial system, the UAE Federal Judiciary under Ministerial Decision No. 704 of 2020 approved the establishment of ‘One-day Misdemeanour Courts’ equipped to review and apply rules on specific minor cases in just one day based on the Code of Criminal Procedures. These courts will
A Pragmatic Approach to Expediting Minor Court Cases Read More »
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