The Evolution of Trust Law in the UAE: Federal Decree No. 31 of 2023
INTRODUCTION Trusts are legal arrangements that allow a person (the “settlor”) to transfer property to another person (the “trustee”) for the benefit of a third person (the “beneficiary”) or for a specific purpose. Trusts are...
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Overview of the new Competition Legal Regime in the UAE
Unveiling the UAE’s New Competition Law No. 36 of 2023 The United Arab Emirates (UAE) stands poised at the threshold of a significant milestone in its economic landscape with the introduction of a groundbreaking new...
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GLA & Co Continues Its Trail of Excellence: Managing Partner, Alex Saleh shortlisted for two categories in Legal 500 Middle East & North Africa Awards
As 2023 draws to a close, GLA & Co stands tall once again, basking in yet another moment of pride and distinction. We are thrilled to announce that our esteemed Managing Partner, Alex Saleh has...
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The All-New UAE Finance Leasing Law: A Revamp of an Already Fresh Idea
On 25 September 2023, the President of the United Arab Emirates (“UAE”) issued Law no. 32 of 2023 on Finance Lease (the “New Law”), coming into effect on March 2024, repealing Finance Lease Law no....
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Issuance of Executive Regulations for Law No. 118 of 2023: Establishing Companies for Residential Development and Economic Growth
Minister Falih Al-Raqibah has announced the release of executive regulations for Law No. 118 of 2023, published on August 27, 2023, focusing on the establishment of companies for city and residential development. The regulations, outlined...
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Celebrating World Competition Day: Prioritizing Socially Sensitive Sectors
On December 5th, we celebrate World Competition Day, marking the adoption of the UN Set on Competition Policy by the UN General Assembly. It is a day when global attention is directed towards fostering healthy...
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UAE Labor Law Update – End of Service New Scheme
The UAE Cabinet has recently issued Decree No. 96 of 2023, introducing a new framework to regulate the alternative End of Service (EoS) payment scheme. This decree applies to both employees and employers in the...
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Another Step Towards Attracting Foreign Investments in the Kingdom of Saudi Arabia: the Council of Ministers has approved the accession of the Kingdom of Saudi Arabia to Madrid Protocol for International Trademark Registration
On November 28, 2023, the Council of Ministers of the Kingdom of Saudi Arabia approved the Kingdom’s accession to the Madrid Protocol for international trademark registration. This step aims at simplifying and enhancing the process...
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GAC Releases Version 4 of Merger Review Guidelines
In a significant move to ensure the intended implementation of Royal Decree No(M75) of 1440H (the “Competition Law”) and Resolution No 337 of 25/1/1441H (“Executive Regulations”), the Kingdom of Saudi Arabia’s (“KSA”) General Authority for...
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