UAE regulations Archives - Fichte & Co Legal

Developers’ Right to Terminate off Plan Sales to Defaulting Buyers. No Court Order Needed.

Dr. Laura Voda — Mon, 11 May 2020 09:07:00 +0000

In 2017, His Highness Sheikh Mohammed Bin Rashid Al Maktoum issued Law No. 19 of 2017, amending Article 11 of Law No. 13 of 2008 on the Interim Real Estate Register in the Emirate of Dubai. The provisions of Law 19 of 2017 are a matter of public policy, therefore any contractual agreement that developers …

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What Can a Buyer Do if Faced with a Cancelled Off-Plan Real Estate Project In Dubai?

Dr. Laura Voda — Wed, 06 May 2020 05:00:45 +0000

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai and Prime Minister of the UAE, issued decree N⁰ (21) of 2013 on 23rd July 2013 concerning the formation of a special judicial committee for the liquidation of canceled real estate projects in the Emirate of Dubai and the settlement of relevant rights (Committee …

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Compliance Alert: 10 Things you Must Know about the New Economic Substance Regulations in the UAE

Fichte Legal — Mon, 29 Jul 2019 01:51:01 +0000

Executive Summary The UAE recently enacted the Cabinet Decision No. 31/2019 concerning the economic substance regulations (the “Regulations” or the “Economic Substance Regulations”) on 30 April 2019 in response to the European Union (EU) adding the UAE to the blacklist of non-cooperative jurisdictions for tax purposes in March 2019. The Regulations primarily apply to companies …

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