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.

Al Tamimi & Company has acted for the successful appellants in a landmark ADGM Court of Appeal proceeding in which Article1(1) of the ADGM Application of English Law Regulations 2015 (the “Regulations”) was considered.

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”).

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.

According to Announcement on Admission to BAC 8th Panel of Arbitrators. applicants of non-Chinese nationalities or absent nationality shall submit the application through the online arbitrator application system (English version) in principle; in case of exceptional circumstances, applicants may apply for electronic application form through email arbitrators@bjac.org.cn, and the application could be submitted by sending application forms (in...

We're entering an exciting new chapter in maritime law, marked by the enactment of a groundbreaking new maritime statute. This pivotal change heralds a significant transformation in our approach to maritime litigation, arbitration, and commercial dealings. The law introduces extensive provisions for maritime debts and liens, equipping us to protect our clients’ interests more effectively.

APRAG Conference 2023