DIFC laws Archives - Fichte & Co Legal

Dubai International Financial Centre (DIFC) Data Protection Law 2020

Dr. Laura Voda — Tue, 23 Jun 2020 02:38:48 +0000

A revisited legal regime and a building block for the high standards of the financial center From July 1, 2020, the date of entry into force of the new DIFC Data Protection Law, the financial center will enhance their already existing standalone data protection regime. This is expected to align the DIFC to the existing …

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DIFC Proposes New Data Protection Law

Fichte Legal — Thu, 11 Jul 2019 02:24:25 +0000

On 18 June 2019, the Dubai International Financial Centre (DIFC) issued Consultation Paper No. 6 of 2019 (“Consultation Paper”) seeking public comments on the proposal by the Dubai International Financial Centre Authority (DIFCA) to issue a new Data Protection Law aimed at enhancing the existing legal framework on data protection in the DIFC (“Proposed Law”). …

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UPDATE: New DIFC Wills and Probate Rules

Fichte Legal — Wed, 26 Jun 2019 10:50:51 +0000

The DIFC Wills and Probate Registry (WPR) has been established as an official mechanism for non-Muslims to register their wills and have it enforced through the DIFC Courts. Previously there was a lot of uncertainty with regards to the registration of wills of non-Muslims since Shari’a principles govern inheritance throughout the UAE. If an expatriate …

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The New DIFC Employment Law- What Has Changed?

Fichte Legal — Mon, 17 Jun 2019 05:27:06 +0000

DIFC Employment Law no. 2 of 2019 (“New Law”) has recently been enacted which repeals and replaces the DIFC Law no. 4/2005 as amended by DIFC Law no. 3 of 2012 (“Previous Law”). There has been an ongoing debate about the implemented changes introduced by the New Law. Some changes have been enacted to protect …

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DIFC Issues New Laws and Regulations (November 2018): Key Action Points and Changes

Fichte Legal — Mon, 17 Dec 2018 02:45:53 +0000

Background On 12 November 2018, the Dubai International Financial Centre (DIFC) issued the following new laws and regulations: Companies Law (DIFC Law No. 8 of 2018) and the Companies Regulation (“New Companies Law”) Operating Law (DIFC Law No. 7 of 2018) and the Operating Regulations (“Operating Law”) Ultimate Beneficial Ownership Regulations issued pursuant to the …

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