Nisna K Muhammed Senior Legal Correspondent In a decisive move to reinforce its financial legal infrastructure, the United Arab Emirates has officially launched a Federal Bankruptcy Court to exclusively adjudicate bankruptcy-related disputes, debt restructuring matters, and associated commercial conflicts. This initiative reflects the UAE’s growing commitment to fostering a robust and transp...
Nisna K Muhammed Senior Legal Correspondent Commercial Case No. 595/2025 | Judgment dated 8 July 2025 In a pivotal decision set to redefine the contours of Islamic finance in the UAE, the Dubai Court of Cassation has ruled that Islamic banks and Takaful companies operating under Sharia principles are strictly prohibit...
Nisna K Muhammed Senior Legal Correspondent Sheikh Mohammed issues landmark legislation establishing fast-track dispute resolution for Emirati housing projects Dubai, 21 July 2025 — In a significant move to enhance the efficiency and fairness of housing project delivery for Emirati citizens, His...
Nisna K Muhammed Senior Legal Correspondent In a landmark move to modernise and regulate the emirate’s booming construction and contracting sector, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No. 7 of 2025. This new legislation introduces sweeping reforms aimed at unifying standards, streamlining oversight, and reinforcing compliance...
Nisna K Muhammed Senior Legal Correspondent In a strong enforcement action, the Central Bank of the UAE (CBUAE) has imposed an administrative penalty of AED 2 million on a money exchange house operating in the country for failing to comply with anti-money laundering and counter-terrorism financing (AML/CFT) regulations. The penalty was issu...
Nisna K Muhammed Senior Legal Correspondent June 3, 2025 – Dubai The United Arab Emirates has implemented a comprehensive media regulation framework effective May 29, 2025, introducing stringent penalties for violations related to media content and operations. The law formalised under Federal Decre...
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