The 13TH Annual Investment Meeting

Stress-testing is essential to banks and regulators. It forms the backbone of a bank’s ICAAP (Internal Capital Adequacy Assessment Process), and answers a simple question: can a bank survive extreme but plausible scenarios which adversely impact its profitability, liquidity, and capital adequacy? However, stress-testing is complicated. It requires an integrated approach starting with how scenarios should be selected and calibrated, and how these...

This comprehensive course examines and explains the intricacies of structuring and legal documentation for various forms of Islamic financial transactions. Participants will gain a comprehensive understanding of the legal, regulatory and Shariah frameworks governing Islamic banking and finance in Malaysia and the critical roles they play in ensuring compliance with Shariah principles. Through a series of engaging modules and practical case...

On 31 October 2023, Federal Law Decree No. (51) of 2023 concerning Financial Restructuring and Bankruptcy (referred to as "New Law") was published in the UAE Federal Gazette. The New Law will become effective from 1 May 2024. The New Law repeals Federal Decree-Law No. 9 of 2016 on Bankruptcy. However, all regulations and decisions that were issued to implement the Old Law will continue to apply until they are replaced by regulations...

The United Arab Emirates ("UAE") is introducing a New Law to supplant the current finance lease law (Federal Law No. 8 of 2018) ("Current Law"). Despite being published in the Official Gazette, the New Law is scheduled to come into force six (6) months post-publication, specifically on 29 March 2024 ("Effective Date"). The Current Law will remain operational until the Effective Date, following which it will be...

Al Tamimi & Company is delighted to host the next session of Ankura’s Forensic Forum at our DIFC offices, to discuss the new commercial agencies law in the UAE.

Al Tamimi & Company is delighted to host the next session of Ankura’s Forensic Forum at our DIFC offices, to discuss the new commercial agencies law in the UAE.

On November 16, His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, issued RAK Law No. 16 of 2023 concerning Court Fees (the “New Fees Law”), which replaces the previous court fees law, RAK Law No. 9 of 2016 (the “Previous Fees Law”).

By the very nature of their businesses and operations, financial institutions are intrinsically exposed and linked to the consequences of important concepts such as climate change. How institutions choose the assets they finance, the tools and structures they use, how they operate and how they report on their activities is crucial to measuring and managing how sustainable a financial institution is deemed to be.

The upcoming enactment of Federal Law No. 43 of 2023, known as the "Maritime Law," which will be effective from 29 March 2024, represents a significant shift in the United Arab Emirates ("UAE") maritime sector, departing from the 1981 Maritime Commercial Law. This change, eagerly anticipated by many, modernises the regulations concerning vessel registration in the UAE.