Tanya Jain, Author at LexisNexis Middle East

Fujairah, UAE: New Real Estate Laws Approved

29/08/202329/08/2023
by Tanya Jain

Arabian Business, 24 August 2023: Fujairah’s Ruler has approved two new real estate laws in the Emirate. They have issued Fujairah Law No. 3/2023. This regulates joint property ownership in the Emirate.

They have also issued Fujairah Law No. 4/2023. This regulates real estate development guarantee accounts in the Emirate.

The two laws state that developers, management companies, associations and owners’ unions have to comply with the law within six months of their issued date. The relevant authority’s director may extend the deadline for compliance by another six months when required.

In addition, the two laws do not affect contracts signed between developers and owners before they come into force. Fundamental association systems approved and deposited by a relevant authority are also not affected unless they relate to the formation of owners’ associations.

Also reported in Al Bayan on 24 August 2023. Read the full story here.

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News developments

Lexis Middle East Law Alert: July – August 2023 Edition

29/08/202329/08/2023
by Tanya Jain

Presenting the latest July-August edition of our complimentary law magazine, the Lexis Middle East – Law Alert! Keep yourself informed about the most recent legal, financial, and fiscal advancements, as well as trending subjects in the MENA region.

In this issue, we delve into the reasons behind the necessary amendments to Saudi Arabia’s Civil Transactions Law and its potential implications. We also cover recent legal and tax updates, regulations, and much more. Stay in the loop with our comprehensive insights.

Feature: A More Civil Approach

Explore the Saudi Civil Transactions Law with an in-depth analysis by Professor Najib Hage-Chahine from Hage-Chahine Law Firm. Gain an understanding of how this new law influences relationships between individuals and their property rights.

Feature: From Ship to Shore

Dive into the new Oman Maritime Law, as explained by Abdullah Hassan Khan and Shehreyar Khan of MAR Law. Discover the significant changes it brings to the legal framework governing the maritime sector and disputes.

Profile: An Effective Approach to Litigation

Meet Judge Ahmed Bakry Abdalla Hassan Elsayed, the Head of the Commercial Circuit in the Abu Dhabi Commercial Court. Gain insights into his approach to successful litigation and the role he plays in the legal landscape.

Dispute Resolution Focus

Shireen Fazal, Partner at Al Aidarous, explains the critical importance of selecting the right dispute resolution method, particularly in construction disputes.

Movers & Shakers

Check out our latest round-up of the top movers and shakers from the world of legal appointments and promotions, brought to you by Jameson Legal. Who is been promoted, who is been appointed, and who is moving on?

Dispute Resolution Focus: Cases and Updates

Hashem AlAidarous, Partner at Al Aidarous, qualified in three jurisdictions, explains
the differences between dispute resolution in the UAE, the US, and Australia.

Contract Watch: Job Sharing Contracts

Explore contracts with Yulia Kasiyanova, Associate Partner at SCHLÜTER GRAF Legal Consultants, and gain a deep understanding of this legal aspect.

Law Monitor

Delve into the Kuwaiti Law on Issuing Instructions for Electronic Payment of Funds, staying informed about the evolving legal landscape.

Thanks to Jameson Legal for supporting individuals and businesses, and Al Aidarous for keeping us updated on dispute resolution cases.

Lexis Middle East Law Alert_July August 2023

Explore the past editions of the Lexis® Middle East Law Alert and stay up-to-date with the latest news! Click the links below for instant access to older editions.

Lexis Middle East Law Alert January-February 2023

Lexis Middle East Law Alert March-April 2023

Lexis Middle East Law Alert_May June 2023

Tax and Finance Round-Up

Stay ahead with the UAE Corporate Income Tax Freezone clarifications, covering recent key tax and finance developments in the region.

Legal Round-Up

Get the latest insights into arbitration submission agreements in Saudi Arabia, covering recent key legal developments across the region.

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News developments

Abu Dhabi: Punitive and Correctional Establishments Law Issued

24/08/202324/08/2023
by Tanya Jain

Khaleej Times (United Arab Emirates), 23 August 2023: Abu Dhabi’s Ruler has issued a law regarding punitive and correctional establishments in the Emirate. It will come into force on 1 January 2024 and is aimed at supporting rehabilitation in the Emirate.

It will transfer responsibility for managing punitive and correctional establishments, as well as juvenile facilities in Abu Dhabi, from the Abu Dhabi Police General Headquarters to the Abu Dhabi Judicial Department.

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News developments

UAE: Comprehensive Economic Partnership Agreement with Indonesia to be Implemented Next Month

23/08/202323/08/2023
by Tanya Jain

Khaleej Times, 17 August 2023: Indonesia’s ambassador to the UAE has announced the country’s Comprehensive Economic Partnership Agreement with the UAE will be implemented next month.

He made the announcement to mark Indonesia’s 78th Independence Day.

The agreement was signed in July 2022 and is expected to increase annual bilateral trade to $10 billion within five years and could increase the total value of trade in services between the two countries to $630 million by 2030.

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News developments

Sharjah: Mechanism for Renting Storage in Industrial Zones Should be Introduced

23/08/202323/08/2023
by Tanya Jain

Sharjah24, 17 August 2023: Sharjah’s Ruler has instructed the relevant authorities in the Emirate to work together to set up a mechanism to enable warehouse owners in the industrial areas in the country to rent them out.

The owners of these warehouses must be allowed to obtain a licence for their storage facilities. This should be the case even where there is no power connection yet.

Read the full story here.

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News developments

Saudi Arabia: Implementing Regulations to Audio-Visual Law Amended

23/08/202323/08/2023
by Tanya Jain

Okaz, 15 August 2023: Amendments to the Implementing Regulations to the Audio-Visual Law have been approved. The amendments confirm the prohibition of displaying content that encourages, promotes or leads to violence, intimidation, witchcraft or sorcery.

The amendments urge adherence to the principles of objectivity, honesty, accuracy, confidentiality of information and fairness in dealing with various topics.

It also urges professional standards and practices related to the media in broadcasting news, services, and advertisements to be complied with.

The amendments state the content must not violate the Kingdom’s principles and must not call for violence, or glorify groups with destructive political, ethnic, economic, financial, ideological or social tendencies.

It must not violate the rights of women or children and not prejudice the dignity of people and their private lives or belittle or offend them either.

Read the full story here.

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News developments

Qatar: General Retirement and Social Insurance Authority Decision Issued

23/08/202323/08/2023
by Tanya Jain

Gulf Times, 16 August 2023: Qatar’s Emir has issued a Decision organising the General Retirement and Social Insurance Authority.

Qatar Emiri Decision No. 61/2023 will be published in the Official Gazette and come into force on its issued date.

The Emir has also issued Qatar Emiri Decision No. 62/2023 appointing Ahmed Ali al-Hammadi as the Director General of the Authority. The Decision will be published in the Official Gazette and come into force on its issued date.

Also reported in Lusail on 16 August 2023. Read the full story here.

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News developments

Oman: Environmental Permit Fees Cut

23/08/202323/08/2023
by Tanya Jain

Oman Daily Observer, 20 August 2023: The Chairman of Oman’s Environment Agency has announced it has issued an environmental permits Decision, cutting fees for environmental permits.

Oman Decision No. 107/2023 has been published in the Official Gazette and revokes the existing Decision covering environmental requirements for service and industrial activities.

Under the previous regulations, there was no ceiling imposed for fines, which in some cases reached 10,000 Rials. The highest fee imposed was 1,500 Rials for three years.

In addition, an activity could not be changed or updated and no advance warning was given before a violation was issued. Under the new regulations, fines imposed cannot exceed the value of the permit or 900 Rials.

There will be more flexibility in updating, changing, or adding new activities and notice before a violation is recorded will be given.

Also reported in Shabiba on 20 August 2023. For the full story, click here.

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News developments

Kuwait: Health Insurance for Retirees Law Approved

23/08/202323/08/2023
by Tanya Jain

Kuwait Times, 21 August 2023: A Health Insurance for Retirees Law has been approved. A separate law on the formation of construction firms responsible for ensuring the economic development of residential areas has also been approved.

In addition, new electoral laws dealing with Parliamentary elections have been approved. Finally, amendments to constitutional court legislation have been approved.

The Cabinet also referred a draft law on proposed amendments to electoral constituencies to the Crown Prince to consider.

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News developments

Dubai: Virtual Asset Regulatory Authority Signs Cooperation Agreement with the Department of Economy and Tourism

23/08/202323/08/2023
by Tanya Jain

Gulf News, 17 August 2023: Dubai’s Virtual Asset Regulatory Authority has signed a cooperation agreement with the Emirate’s Economy and Tourism Department.

The agreement outlines a framework for cooperation to deliver effective and synchronised virtual asset market assurance across the Emirate. This encompasses customer care and complaints, business on-site inspection and enforcement; business Virtual Asset Service Provider registration and licensing, education, training and knowledge sharing.

Under the agreement, the Department will add the Authority’s activities to its system for all virtual asset license issuing. The Department will be responsible for inspections and supporting the Authority with in situ enforcement. This will include imposing penalties such as suspensions or revocations in cases of proven negligence or non-compliance with the Authority’s rules.

It can also handle business as usual application renewals for virtual asset service providers who meet Authority requirements in full.

The Authority will be included in the Department’s e-permit system, which will enable one-touch point approvals on virtual asset events. Elsewhere the Dubai Corporation for Consumers Protections & Fair Trade Department within the Economy and Tourism Department will be upgraded with specialist virtual asset know-how, which will support the provision of a transparent and seamless customer experience.

The two entities will also cooperate on campaigns to raise consumer protection awareness about virtual assets. This will include providing consumer protection information and advice. The Department will also publish relevant notices and warnings, including penalty notices and consumer protection advisories on its websites.

The agreement has been signed following the issuing of new guidelines, which require entities qualifying for a regulated Full Market Product license to transition to an Authority-regulated regime by 31 August.

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Author: <span>Tanya Jain</span>