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.
This comprehensive guide examines the key aspects of UAE’s dispute resolution rules and practice, and developments over the past 12 months.
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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