This issue is filled with great insights and expert commentary on areas that are relevant to the legal landscape and highlight how the business community is embracing technology, media and telecommunications. There are various topics covered, from new ways of working and digital transformation in the finance sector to data protection regulatory updates and guidance. We also have a series of articles that focus on e-commerce across a number of jurisdictions.
You will also find insights from our lawyers around real estate analytics, tech trends, and data centres.
We hope this edition of Law Update provides some useful food for thought – enjoy the read!Take a read of the edition
The ADGM has published two new rules supplementing the Data Protection Regulations of 2021 (“DPR 2021”): (i) Data Protection Regulations (“Fees”) Rules 2021 (“Fees Rules”); and (ii) Data Protection Regulations (“Fines”) Rules 2021 (“Fines Rules”) on 25 July 2021.
As per Article 24 of the DPR 2021, Controller is required to pay to the Commissioner a Data Protection Fee before it starts its data processing activities and subsequently pay a Renewal fee on every anniversary of its processing activities. The Fees Rules sets out this Data Protection Fee and Renewal Fee which is USD 300 each.
Further, Article 56 of the DPR 2021 states that the Commissioner may impose a fine where a Controller fails to pay the Data Protection Fee or the Renewal Fee in accordance with Section 24 of the DPR. Such fines have been determined by the Fines Rules which states that a fine of up to a maximum of 750 (USD) for a failure to pay the Data Protection Fee and a fine of up to a maximum of 250 (USD) for failure to pay the Renewal Fee.
The Fees Rules and Fines Rules will come into effect from the date of DPR 2021 that is:
As the leading law firm in the Middle East & North Africa region and with a reputable and dedicated regional data privacy practice, Al Tamimi & Company is well placed to assist you all matters relating to Data Protection and Privacy. Please reach out to our team if you have any queries.