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The Corporate team at Hadef & Partners, comprising of Executive Partner and Head of Corporate, Yasser Omar, and Senior Associate, Laryssa Perkins, together with inputs from experts across the firm have contributed the UAE chapter of the Chambers & Partners Investing In….2025 Global Practice Guide.
The Dispute Resolution team at Hadef & Partners, comprising of Partner, Karim Mahmoud and Senior Associates, Maria Lezala, Abdul Hannan Mian and Harriet McLaughlin, has authored the UAE chapter in the 17th edition of Lexology ‘In-Depth – Dispute Resolution” review.
The Ministry of Finance (MoF) and Federal Tax Authority (FTA) have recently released several publications supplementing and amending various Corporate Tax, VAT, and Tax Procedure Laws in the UAE.
Welcome to the January edition of Hadef Highlights – your bi-monthly update of all things legal and regulatory in the UAE and beyond.
The UAE has made significant improvements in combating financial crimes with the introduction of a new Federal Decree-Law, bringing vital updates to its anti-money laundering (AML), combating of the financing of terrorism (CFT), and illegal organization financing frameworks.
Hadef & Partners successfully represented a client in a complex dispute involving multiple jurisdictional and procedural challenges, including issues with jurisdiction over a quasi-governmental entity, asset dissipation, and potential time bars.
After the UAE was placed on the FATF’s "grey list" due to findings of deficiencies in its AML, CTF and sanctions compliance, already by June 2023 the FATF recognized in its interim assessment the UAE's significant progress following reforms, noting improvements in mutual legal assistance requests, enhanced capabilities of the Central Bank’s Financial Intelligence Unit and a notable increase in effective investigations and prosecutions
The UAE is a complex jurisdiction, comprised as it is of several sub-jurisdictions. This presents challenges in terms of combating money laundering and financial crime.
Recent judgments have clarified the impact of the Abu Dhabi Global Market's ("ADGM") jurisdictional expansion to include Al Reem Island following the issuance of UAE Cabinet Resolution No. 41 of 2023 (the “ADGM Al Reem Resolution”). A key consequence of the ADGM Al Reem Resolution is that entities based in Al Reem Island and legal claims associated with it would be subject to the jurisdiction of the English-language common law ADGM Court, rather than the Arabic-language civil law courts of the UAE commonly referred to as the onshore courts.
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