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Enhancing Intellectual Property Rights in the UAE

In an effort to fortify innovation and safeguard intellectual property (IP) rights, the Ministry of Economy of the United Arab Emirates (UAE) has recently introduced a range of initiatives aimed at improving the country’s IP and innovation ecosystem. In 2023, the Ministry of Economy saw a notable surge in patent activity, with 3,415 patent applications

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Ras al Khaimah Rising: Latest Developments Revealed

Ras Al Khaimah (RAK), the northernmost emirate of the UAE, is making significant progress and achieving groundbreaking milestones that are reshaping its landscape and boosting its global status. Unlike its more famous neighbors, Dubai and Abu Dhabi, known for their skyscrapers, luxury shopping, and vibrant nightlife, RAK is establishing itself as a leader in sustainable

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Anti-discrimination Laws for the UAE’s labor sector

Overview The United Arab Emirates (UAE) has established a comprehensive legal framework to combat employment discrimination and harassment, fostering a work environment that prioritizes tolerance, equality, and protection of workers. The primary legislation addressing this issue is the UAE Labor Law, Federal Decree-Law No. (33) of 2021 Regarding the Regulation of Employment Relationships and its

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Key Provisions on the New Financial Restructuring and Bankruptcy Law

On October 31, 2023, the United Arab Emirates (UAE) approved Federal Decree-Law No. 51 of 2023 concerning Financial Restructuring and Bankruptcy, thereby replacing Federal Decree-Law No. 9 of 2016 on Bankruptcy. It applies to companies governed by the provisions of the Commercial Companies Law, any individual operating as a trader, and licensed civil companies of

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UAE Exits FATF ‘Gray List’

Introduction Last Friday marked a significant development as the Financial Action Task Force (FATF) dropped UAE from its ‘gray list’. Initially added to the list in March 2022, this move prompted the UAE to undertake rigorous regulatory improvements. Following its onsite assessments, FATF released its June 2023 Enhanced Follow Up Report which reevaluated identified deficiencies.

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The New UAE E-commerce Law

Introduction The Ministry of Economy in the United Arab Emirates (UAE) has issued Federal Decree-Law No. 14 of 2023 on Commerce through Modern Means of Technology (e-commerce). Tradeling predicts that the e-commerce market in the UAE will witness substantial growth, generating an estimated $17.2 billion in revenue by 2027. The sector is expected to experience

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Law No. (12) of 2023 On Regulation of Real Estate Development in Ras Al Khaimah

I. Introduction On August 21, 2023, Law No. (12) of 2023 was enacted by the Ruler of Ras Al Khaimah, establishing the criteria and responsibilities governing real estate development within the Emirate. In this comprehensive guide, we will provide you with insights into Law No. (12) of 2023 and the key provisions that are essential

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Resolving Rental Disputes in the UAE

Rental disputes in the United Arab Emirates (UAE) are not uncommon, given the dynamic and rapidly growing real estate market in the region. According to Statista’s report, the residential real estate lease market in the UAE has shown steady growth in recent years. This growth is attributed to the increasing population and a shift in

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Global Unity in Action: Key Takeaways from COP28

The successful hosting of the 28th meeting of the Conference of the Parties (COP) to the UNFCCC by the United Arab Emirates (UAE) represents a pivotal moment in the global effort against climate change. With nearly 200 parties and 85,000 participants in Dubai, the conference demonstrated strong global unity, yielding comprehensive and representative outcomes in

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Know Your Rights: Updates to the UAE Consumer Protection Law

Cabinet Decision No. 66 of 2023, addressing the Executive Regulation of Federal Law No. 15 of 2020 on Consumer Protection, officially took effect on October 14, 2023 (Executive Regulation). The Ministry of Economy is responsible for regulating commodities and services within the country. To safeguard consumers from fraud and harm, it has introduced standards for

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