The United Arab Emirates (UAE) has always provided an attractive environment from which to provide Islamic finance services and products into the Gulf Cooperation Council (GCC) and beyond. In addition to being an established and vibrant global financial centre and having its geographical location in the centre of the Asian and Western financial markets, the UAE also provides a legal system and a judiciary that is familiar with the principles of shariah. This chapter provides an in-depth analysis of everything you need to know about the Islamic finance and markets in the UAE.
Category: Publications
Lending and taking security in the United Arab Emirates: Overview
This Q&A gives a high level overview of the lending market, forms of security over assets, special purpose vehicles in secured lending, quasi-security, guarantees, and loan agreements.
It covers creation and registration requirements for security interests; problem assets over which security is difficult to grant; risk areas for lenders; structuring the priority of debt; debt trading and transfer mechanisms; agent and trust concepts; enforcement of security interests and borrower insolvency; cross-border issues on loans; taxes; and proposals for reform.
Arbitration Procedures and Practice in the UAE: Overview, Practical Law Global Guide
A Q&A guide to arbitration law and practice in the United Arab Emirates.
The country-specific Q&A guide provides a structured overview of the key practical issues concerning arbitration in this jurisdiction, including any mandatory provisions and default rules applicable under local law, confidentiality, local courts’ willingness to assist arbitration, enforcement of awards and the available remedies, both final and interim.
Doing Business in the United Arab Emirates, Practical Law Global Guide
This Q&A provides a high-level overview of the key matters to consider when doing business in the United Arab Emirates, including legal systems, foreign investment, business vehicles, environment, employment, competition, intellectual property, marketing agreements, e-commerce, advertising, data protection, product liability and regulatory authorities.
Restructuring (UAE chapter), Lexology In-Depth
This multi-jurisdictional reference guide features a UAE chapter and provides insights into the prevailing conditions in the global restructuring market. It examines the most significant recent legal and commercial developments and provides an overview of the restructuring and insolvency legal framework in each jurisdiction.
Fintech (UAE chapter), International Comparative Legal Guides (ICLG)
In addition to the UAE, which we have contributed for the third year, this guide covers a broad range of common issues in fintech laws and regulations in 41 jurisdictions. Areas covered in the guide include the fintech landscape, funding for fintech, fintech regulation, other regulatory regimes / non-financial regulation, accessing talent, and technology.
Shipping (UAE chapter), Lexology Panoramic
This globally relevant Q&A of Lexology, Panoramic, focuses on key questions centered around Shipping in the United Arab Emirates. Some topics covered include; shipping registration and mortgages, limitation of liability, ship arrest, judicial sale of vessels and many more.
Hiring in the UAE: Overview
This Practice Note takes into consideration the legal obligations and practical implications that a foreign employer needs to be aware of when hiring a local or foreign employee in the United Arab Emirates, excluding the Dubai International Financial Centre and the Abu Dhabi Global Market freezones.
Unforeseen Emergency (Lexis Nexis)
This article, published by Lexis Nexis, discusses the impact of extreme weather conditions on contracting parties and where the burden will fall under UAE law.
Read the full edition here.
Commercial Real Estate in the United Arab Emirates: Overview
The Q&A gives a high-level overview of real estate investment structures; restrictions on foreign ownership; title; tenure; sale of real estate; real estate tax; real estate finance; leases; and planning law in the United Arab Emirates.
This Q&A is part of the global guide to corporate real estate law.