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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
The United Arab Emirates (“UAE”) has recently issued a new law to regulate the use of the human genome, which is the complete genetic material of a living organism. The law aims to ensure the safe and ethical use of the human genome for various purposes, such as health, research, and legal matters, while protecting the rights and dignity of individuals and the public interest. The law also establishes a national genomic database and a genome programme to utilise the genomic data of the UAE citizens and develop the Emirati genome reference.
It introduces several significant changes, such as:
While genomic technology holds immense potential for advancing human health, knowledge, and living standards, effective governance and legal frameworks are essential to ensure that the benefits of genomic technology are realized while minimizing its risks. The new law is a comprehensive and advanced legislation that reflects the UAE vision, and as the implementing resolutions come into place in 2024, we expect further innovation of the health sector as well as heightened protection of the rights of individuals in the UAE.
Al Tamimi & Company can assist and provide unparalleled expertise and guidance to individuals and organisations navigating the complex landscape of the UAE’s Genome Law. Should you have any questions or require further information, please do not hesitate to reach out to us.
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