The United Arab Emirates (UAE) recently issued Cabinet Resolution No. 58 of 2020 on the Regulation of the Procedures of the Real Beneficiary (the Resolution), which came into effect on...

In briefOn 13 August 2020, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE, issued Law No. (9) of...

In brief The UAE Personal Insolvency (Law) came into effect on 29 November, 2019. The Law is intended to address the traditional stigma associated with personal bankruptcy, reduce the...

Background to the existing regime Under the existing regime, UAE law provides that foreign investors generally can only own up to 49% in a UAE mainland company. At least...