Alsuwaidi & Company

Insurance

Chambers Global Practice Guide UAE: Enforcement of Judgements 2021

The Chambers Enforcement of Judgments 2021 Global Practice Guide is now available to view online. Alsuwaidi & Company contributed the chapter which focuses on the UAE. This guide provides the latest legal information on the identification of another party’s asset position, the costs and time involved in the enforcement of domestic and foreign judgments, challenges to enforcement, and …

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Chambers Global Practice Guide UAE: Litigation 2021

We are pleased to share with you our contribution to the Chambers Global Practice Guide, Litigation 2021 for the UAE. The latest guide provides expert legal commentary on litigation funding, initiating a lawsuit, representative or collective actions, pre-trial proceedings, discovery, injunctive relief, settlement, damages, appeals, costs, alternative dispute resolution (ADR) and arbitration. Many thanks to Mohammed Alsuwaidi, …

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UAE Companies Law to Allow 100% Foreign Ownership in UAE

Foreign nationals can now own 100% of companies within the onshore jurisdiction of the UAE, which previously required 51% Emirati ownership to do business outside of UAE free zones. This remarkable development is expected to further enhance the UAE’s position as the Gulf’s premier business hub and a stronger magnet for foreign capital and investment. …

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Measures taken to protect the Insurance sector in the UAE: Resolutions of the Insurance Authority further to the coronavirus pandemic

In the backdrop of a worldwide health crisis brought about by the novel coronavirus (COVID-19), the Insurance Authority in the UAE took a number of measures to limit the adverse implications of the virus on the insurance sector and to ensure continuation of insurance businesses across the UAE. On 8th March 2020, the Authority passed Circular …

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Have you filed your Economic Substance Regulation notification

Have you filed your Economic Substance Regulation notification? All Licensees in the UAE must “notify” by the 30th June deadline and certain businesses engaged in “relevant activities” must further report. PURPOSE The purpose of the Regulations is to ensure that UAE entities that undertake certain activities are not used to artificially attract profits that are …

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Business integrity in the time of pandemic: what can businesses in the UAE do to protect their people and business

Business integrity in the time of pandemic: what can businesses in the UAE do to protect their people and business? During these uniquely challenging times, businesses are poised to react to sudden changes in the market. As businesses navigate through new waters, it is best to seek guidance from the authorities and methodically deal with …

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Chambers Global Practice Guide UAE: Litigation 2019

We are pleased to share with you our contribution for the UAE to the Chambers Global Practice Guide: Litigation 2019.  The latest guide provides expert legal commentary on litigation funding, initiating a lawsuit, representative or collective actions, pre-trial proceedings, discovery, injunctive relief, settlement, damages, appeals, costs, alternative dispute resolution (ADR) and arbitration. Many thanks to Mohammed …

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Eligible Sectors for 100% Foreign Ownership in the UAE Now Defined

The United Arab Emirates Cabinet passed a landmark decision last year to allow 100% foreign ownership of companies onshore and have recently announced the industry sectors that are eligible. This marks a significant change from the prior law where foreigners must seek a local partner to set up business in the UAE, onshore and where …

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