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In the wake of the recent publication of the new UAE Maritime Law (the “New Maritime Law”), we continue our journey to dissect the nuances of the new Maritime Law.
The recently issued Federal Law No. 43 of 2023 concerning the Maritime Law (the “New Maritime Law”), repeals and replaces UAE Federal Law No. 26 of 1981 (as amended) (the “Old Maritime Law”).
The Saudi Arabian Monetary Agency (SAMA) has recently issued the Marine Insurance Coverage Instructions (the Instructions) which were drafted in collaboration with the Transport General Authority for developing a regulatory framework for mandatory marine insurance coverage and for setting minimum limits for coverage and benefits.
On September 13, 2023 circular No. 6 of 2023 entered into force, which outlines the processes for online notarisation.
In a ground breaking and historic move, the Kingdom of Saudi Arabia (the “Kingdom”) unveiled its first ever codified Civil Transactions Law promulgated by Royal Decree No. 191 of 1444 (the “Civil Code”), marking a significant milestone in the Kingdom’s legal landscape’s evolution.
With the establishment of the General Commercial Gaming Regulatory Authority (GCGRA), the United Arab Emirates (UAE) is exploring uncharted territories.
In line with Dubai’s ever-evolving and dynamic changes to its legal system, it has now pioneered a new “Smart Fine Payment” system that aims to streamline the process involving arrest warrants and travel bans.
Abu Dhabi Global Market (ADGM) has announced it is set to expand its reach with the inclusion of Al Reem Island.
