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.

The Kingdom of Saudi Arabia (KSA) has been actively pursuing economic diversification for investors to do business in the Kingdom.

The Saudi Centre for Commercial Arbitration (SCCA) has recently updated its arbitration rules, which came into effect on 1 May 2023 (the Rules).

Last week, the Virtual Asset Regulatory Authority (VARA) released the Virtual Assets and Related Activities Regulations 2023.

Mohamed El Hawawy, Joint Managing Partner, and Natalie Jensen, Partner, from our Dubai office, have contributed the UAE chapter to the recently published Sixth Edition of the Third Party Litigation Funding Law Review.

Heytex Bramsche GmbH v. Unity Trade Capital Ltd [2022] EWHC 2488 (Ch). The Court has rejected a finance company’s contention that the documents presented under a letter of credit (LC) that it had issued were discrepant, rendering the LC void.

On 13 September 2022, the UAE Ministry of Justice (MOJ) issued a landmark directive to the President of the Dubai Courts, referring to a recent English Court judgment which enforced a UAE Court judgment, and urging the Dubai Courts to take requisite steps to follow the principle of reciprocity when it comes to enforcing English Court judgments in the UAE.

In a recent interview with The Maritime Standard, Joint Managing Partners Mohamed El Hawawy and Alastair Holland discuss what has been keeping our Dubai team busy over the last year and the diversity of our workload.

As we move past the vertex of a U-shaped dip in the global shipping sector caused by supply chain restrictions arising from the COVID-19 pandemic, it is worthwhile to look back at the UAE maritime industry’s growth, lessons learned, and development outlook.

Decree No. 34 of 2021 concerning the Dubai International Arbitration Centre (the ‘Decree’) came into force in September 2021 and aimed to streamline arbitration in Dubai by amalgamating it under one institution – the Dubai International Arbitration Centre (‘DIAC’).

Decree No. 34 of 2021 concerning the Dubai International Arbitration Centre (the “Decree”) came into force in September 2021 and aimed to streamline arbitration in Dubai.

The Court has dismissed the Sellers’ jurisdictional challenge to GAFTA arbitration awards against them.

We are delighted to announce that Natalie Jensen, Partner from our office has been recognised as a 20 under 40 winner, announced on Tuesday 14 December!