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Welcome to the Banking Half Yearly Update Newsletter – your biannual update of all things legal and regulatory in the banking & finance sector in the UAE.
This article addresses the key steps, challenges, and considerations involved in navigating Dubai’s VARA licensing regime for Virtual Asset Service Providers.
In this article, we focus on the Digital Commerce Law and, specifically, on the obligations imposed by the Digital Commerce Law that may impact the design and architecture of digital platforms. Please see the conclusion of this article for links to further articles discussing the other UAE legislation mentioned above.
The Consumer Protection Law applies to all goods or services in the UAE, and to all UAE entities involved in advertising and/or providing such goods and services. In this article, we focus on the Consumer Protection Law’s impact on online trading/e-commerce, including how the new concept of ‘harmful terms’ (introduced by the 2023 Cabinet Resolution) could impact goods and services promotors/providers trading through websites, applications or other digital commerce platforms (“Online Traders”).
Hadef & Partners is proud to have been contributing authors on the Practical Law note: Security for Financing Transactions in the UAE: Overview.
Hadef & Partners is proud to have been contributing authors on the Practical Law note: Security under the UAE Movables Security Law: Overview (UAE)
The FTA recently issued various VAT Public Clarifications on topics including the VAT treatment of barter transactions, the application of the reverse charge mechanism on precious metals and stones between registrants in the UAE, and accounting for output tax, issuance of tax invoices, and input tax recovery in relation to the importation of concerned services.
Federal Law No. 55 Concerning Media Regulation entered into force in December 2023, and its Executive Regulations, Cabinet Resolution No. 68 of 2024, establishing its operating framework, followed in October 2024.
Following the recent entry into force of the Federal Decree-Law No. (11) of 2024 on the Reduction of Climate Change Effects, Paul Wynne (Partner, Corporate) and George Anis (Partner, Regulatory and Government Advisory Practice), highlight certain relevant points in the new law for investors.
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