21 April 2022
Trading Vehicles: Overview (United Arab Emirates)
Our UAE authors are pleased to have contributed to the Thomson Reuters Practical Law practice note, providing an overview of the key corporate features of different trading vehicles that are commonly used when setting up a business in the UAE. It includes an overview of sole establishments, and the...
21 December 2021
New Data Protection Law introduced in the UAE – 10 key takeaways
The United Arab Emirates has introduced a new Federal Law for the Protection of Personal Data, the first of its kind in the country and the latest edition to the country's Year of the 50th legislative reform package. Federal Decree-Law No. 45 of 2021 (the " Law ") promises to bring the UAE in line...
09 December 2021
Abolishing digital taxes one part of the OECD's global tax reform
The OECD announced in October 2021 final agreement, by 136 of the 140 base erosion and profit shifting (BEPS) Inclusive Framework countries (including the UK, US and China), of a landmark global tax reform package, aimed at addressing the tax challenges arising from the digitalisation of the...
24 November 2021
Global Bank Review: Triodos Spanish chief on ESG and remaking banking for the 2020s
Continuing our series of insights from senior industry figures, the Global Bank Review speaks with Mikel Garcia-Prieto Arrabal, Director General of sustainability pioneer Triodos Bank España. Mikel shares his views on how climate change and rising social obligations are impacting banks and how...
29 March 2021
UAE Cabinet approves the establishment of the Executive Office for AML and CFT
The UAE Cabinet has approved the establishment of the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism to oversee the implementation of the UAE’s National AML/CFT Strategy and National Action Plan ( NAP ).
10 March 2021
Herbert Smith Freehills confirms appointment of Rebecca Maslen-Stannage as new Chair and Senior Partner
Global law firm Herbert Smith Freehills today announced the appointment of Rebecca Maslen-Stannage as Senior Partner and Chair of the Global LLP Council. She succeeds James Palmer, who steps down after more than six years in the role on 30 April 2021 and returns to full-time practice and client...
14 January 2021
The Al-Ula Declaration – GCC diplomatic relations restored
In June 2017, Saudi Arabia, the United Arab Emirates (the “UAE” ), Egypt and Bahrain announced that they would sever diplomatic ties with, and cut off transport links to, Qatar. Three and a half years later, the states have agreed to restore diplomatic relations. While details of the reconciliation...
30 November 2020
Corporate Crime Update - November 2020
Welcome to the November 2020 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. For the full update on each jurisdiction, please click on the links below.
17 November 2020
Pressure Points: Timely amendments to UAE Bankruptcy Law introduced to cover emergency situations
On 24 October 2020, the UAE Cabinet announced its decision to amend Federal Law No. 9 of 2016 (the “Bankruptcy Law”) by adding certain provisions to allow for business continuity during emergency situations, including pandemics and natural disasters. This is a timely amendment to the Bankruptcy Law...
30 November 2022
On Just Terms Podcast Series
Australia is a litigious country - we meet with Australia's leading legal and commercial minds to discuss how to manage the corporate risk landscape. Join host Jason Betts, Disputes Partner at Herbert Smith Freehills, as he interviews the people on the front lines of this changing environment.
25 November 2022
A new normal: data governance and internal stakeholder alignment
Building a robust data governance and privacy compliance regime requires strategic planning and meaningful business buy-in. As the spotlight on data governance intensifies, legal leaders across all industries are evaluating best practices.