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A Quick Guide to the UAE’s New Insurance Brokerage Laws

Leave a Comment / Commercial Laws, Corporate Law, Financial Laws, Insurance Law / By

Discover the key implications of regulatory changes in the UAE’s insurance brokerage industry in 2024 ​ The Central Bank of the United Arab Emirates (UAE) (Central Bank) has recently implemented the new insurance brokerage regulations vide Circular No. 1/2024 on 25/07/2024 (New Regulation) which will be effective from 15/02/2025 (Effective Date). The New Regulation repeals …

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The UAE’s New Telemarketing Regulations: Here’s What You Need to Know

Leave a Comment / Consumer Laws / By

Companies operating in the UAE, whether based in the mainland or free zones, are facing a new regulatory landscape for telemarketing. To ensure compliance, businesses must implement robust processes that align with the latest requirements outlined below. ​ The United Arab Emirates (UAE) has recently approved two (2) resolutions related to marketing via telephone calls …

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Dishonoured Cheques in the UAE: Navigating the Legal Landscape

Commercial Laws / By

In the UAE, cheques remain a common method of payment. However, what happens when a cheque bounces? In this blog post, our legal experts dive into the legal consequences of dishonoured cheques ​ Definitions What are cheques issued by a natural person?  These are cheques issued by an individual from their bank account which is …

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A Guide to UAE’s New Law on End-of-Service Gratuity

Employment Law / By

An overview of UAE’s new alternative system to the traditional End-of-Service gratuity Federal Cabinet Resolution No. 96 of 2023 The UAE Cabinet has taken a significant stride forward with the issuance of the Resolution No. 96 of 2023 in October 2023 (Cabinet Resolution), which introduces an optional alternative system to the traditional End-of-Service (EoS) gratuity …

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UAE Corporate Governance Regulation For Insurance Companies

Corporate Law, Governance, Insurance Law / By

Do you have a corporate governance framework in place at your insurance company? Does it comply with the laws of the United Arab Emirates (UAE)? Check out this comprehensive guide on corporate governance regulation for the insurance sector  Introduction The Central Bank of the United Arab Emirates (“Central Bank”) seeks to promote the effective and …

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Foreign Funds in the UAE: New Regulations Explained

Financial Laws / By

To support UAE’s economic growth, the Securities and Commodities Authority issued new regulations earlier this year The Securities and Commodities Authority (“SCA”) of the United Arab Emirates (UAE) issued new regulations regarding the promotion of foreign funds in the UAE in January this year, with special focus on the public offering of these funds in the country. …

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