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  • UK Supreme Court Rules on Business Interruption Wordings

    Content Types: ArticleRegions & Countries: United Arab EmiratesUnited KingdomServices: Legal
    On 15 January 2021 the UK Supreme Court handed down its decision on the test case brought by the UK’s Financial Services Authority (FCA) on behalf of UK policyholders. The Supreme Court largely found in favour of the issues on which the FCA chose to appeal. As a result, the 21 sample business interruption wordings considered by the Supreme Court will provide cover to policyholders for a meaningful portion of their COVID-19 business interruption...
  • Emirates strengthens commercial team with key management movements

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Aviation
    DUBAI, UAE 27 December 2020: Emirates has announced several key movements and rotations to its commercial team, both in its Dubai hub and across key markets in the Far East, West Asia and Africa.
  • Banking & Finance 2020 – A recap

    Content Types: ArticleRegions & Countries: United Arab EmiratesServices: Legal
    This year has been challenging in many ways. It has also been one of the busiest years in recent times for changes in the legal and regulatory regime.
  • AIM Webinar Series | Disruptive Technologies: FDI, Drones & Urban Air Mobility

    Content Types: EventRegions & Countries: United Arab EmiratesIndustries: AutomotiveInformation Technology
    Disruptive technologies and related prospects for domestic and foreign direct investment FDI - GDP Global.
  • Legal Update: New Real Estate legislation for Dubai

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Real Estate & ConstructionServices: Legal
    Law No. 19 of 2020 amends Article 11 of Law No. 13 of 2008 concerning Interim Registration in Dubai. The amendment deals mainly with the circumstances in which a challenge to a previous decision by Dubai Land Department, cancelling a sale and purchase agreement registered on the interim register, can be brought (noting that such a challenge is not permitted where such decisions were undertaken in compliance with relevant laws).
  • Identifying and addressing sport specific risks in COVID-19 era

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Sports & LeisureServices: Legal
    As sporting activity recovers from the pandemic and resumes in the UAE, and indeed globally, it remains imperative to be mindful of potential COVID-19 transmission risks inherent in each sport. These risks should be appropriately identified, accounted for and addressed. This article examines some such risks and considers measures being taken across the sports industry to facilitate safe resumption of activity.
  • Transport & Insurance Update: Business Interruption Insurance: Insurers head to UK Supreme Court

    Content Types: ArticleRegions & Countries: United Arab EmiratesUnited KingdomIndustries: Logistics & TransportationInsuranceServices: Legal
    On 15 September 2020 the High Court of England and Wales issued a ruling in a test case brought by the UK’s Financial Services Authority (the FCA). The purpose of the test case was to provide clarity on the application of certain business interruption clauses in the context of the COVID-19 pandemic.
  • UAE: Recovery requires reinvention

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Banking & Finance
    The UAE, like its GCC neighbours, saw its 2020 economic forecast cut sharply by a 6.6% contraction as a result of low oil prices and the COVID-19 pandemic. This week we analyse the repercussions of the decline on the state's budget and debt burden, while discussing the effectiveness of the UAE’s response. The UAE is once again having to reinvent itself, as Singapore has done on multiple occasions.
  • UAE Update: What happens when a cheque bounces? A new law is coming that will drastically change what happens next

    Content Types: ArticleRegions & Countries: United Arab EmiratesServices: Legal
    The UAE Cabinet has ratified a decree to amend certain provisions of the UAE’s Commercial Transactions Law (the “Decree”), and it is expected to come into force in 2022.
  • Transport & Insurance Update: Merger of the Insurance Authority and Central Bank in the UAE

    Content Types: ArticleRegions & Countries: United Arab EmiratesIndustries: Banking & FinanceInsurance
    The UAE Cabinet issued a decision merging the Insurance Authority (the “IA”) with the Central Bank of the UAE (the “CBUAE”). The aim of this decision is to develop and boost the insurance industry’s role in supporting the national economy, encourage fair and effective competition within the industry, and to deliver the best insurance services and coverage at competitive rates.

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