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Dechert LLP | European Union, United Arab Emirates | 3 May 2022

Dubai data protection authority plans to launch international privacy risk index and update international data transfer mechanisms

The Dubai International Financial Centre’s ("DIFC") data protection authority has published its proposals for updated tools and guidance on…
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Charles Russell Speechlys | United Arab Emirates | 22 Apr 2022

New era, new rules

The Dubai International Arbitration Centre ("DIAC") is an independent, non-profit arbitration institution that was set up in 1994 by the Dubai Chamber…
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White & Case LLP | United Arab Emirates | 8 Apr 2022

Dubai moves to become a global hub for digital assets: A first look at the Dubai Virtual Assets Law

On 28 February 2022, the Ruler of Dubai issued Law No.4 of 2022 on the Regulation of Virtual Assets (the "DVAL") in Dubai, which came into effect on…
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Hunton Andrews Kurth LLP | United Arab Emirates | 7 Apr 2022

Dubai Issues Its First Crypto Law Regulating Virtual Assets

On February 28, 2022, the Emirate of Dubai enacted Law No. 4 of 2022 on the Regulation of Virtual Assets (“VAL”) and established the Dubai Virtual…
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Mayer Brown | United Arab Emirates | 7 Apr 2022

Dubai International Arbitration Centre (DIAC) issues long-awaited revised Arbitration Rules

On 2 March 2022, the Dubai International Arbitration Centre ("DIAC") issued new rules of arbitration (the "2022 Rules"), which came into effect on 21…
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Hadef & Partners | United Arab Emirates | 5 Apr 2022

Prevention is better than personal liability

As a result of the global economic downward trend over the last two years, many countries and financial institutions have eased financing covenants…
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Wasel & Wasel Arbitrator Services Inc. | United Arab Emirates | 29 Mar 2022

Life After Decree No. 34 of 2021: DIAC and LCIA Agree to Terms for the Administration of Disputes

In September 2021, in a move that shocked the arbitration community, Dubai Decree No. 34 of 2021 concerning the Dubai International Arbitration…
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Clyde & Co LLP | United Arab Emirates | 29 Mar 2022

Dubai issues law and establishes new regulator for virtual assets

The Emirate of Dubai in the United Arab Emirates has taken a further step towards becoming an international hub for virtual assets with the…
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Akin Gump Strauss Hauer & Feld LLP | United Arab Emirates | 28 Mar 2022

Dubai Passes Landmark Law Regulating Virtual Assets (Including Cryptocurrencies)

On February 28, 2022, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Ruler of Dubai, approved Law No. 4 of 2022 on the Regulation of…
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Hadef & Partners | United Arab Emirates | 25 Mar 2022

Key changes introduced by the new DIAC Arbitration Rules 2022

The dust seems to be settling on the unexpected dissolution of the DIFC-LCIA in September 2021. As has been well documented, under Decree No. 34 of…
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