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UAE Cabinet announces Emergency Financial Crisis period

United Arab Emirates - February 18 2021 Further to our previous update, the UAE Cabinet has announced the existence of an Emergency Financial Crisis through the Official Gazette dated 31…

Abdullah Mutawi, Jody Glenn Waugh

The new stored value facilities regulation - A new era in the Fintech space

United Arab Emirates - November 11 2020 Over the last couple of years, there has been rapid development in the fintech space. In response to such developments, the UAE Central Bank…

Ali Awad, Divya Abrol Gambhir

Changes to the UAE Bankruptcy Law

United Arab Emirates - October 28 2020 As announced this week, the UAE Cabinet has approved a further amendment (Amendment Law) to Federal Law No 9 of 2016 (the Corporate Bankruptcy Law)…

Abdullah Mutawi, Jody Glenn Waugh

Recent Development in Financial Services Regulation in the UAE

United Arab Emirates - March 12 2019 It has been another busy year for legislators in the United Arab Emirates (‘UAE’), as there has been a number of changes to the regulatory framework…

Margaret Elder

Selling a rights issue: offering flexibility to shareholders and a corporate financing tool in Qatar

Qatar - November 30 2015 The selling and trading of a rights issue was explicitly permitted under the Qatar Financial Markets Authority (the “QFMA”) rules for the first time…