The first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.
Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!
Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.Read the full edition
The fees and available services provided by the Emirates Integrated Registries Company (“EIRC”) were amended on 15 December 2023. Currently, registration on the EIRC costs AED 100. This fee will change significantly as the change in law introduces 16 new services and new fees that rise incrementally based on the term period of for each category of right being registered. The new categories and fees will be effective from 27 February 2024.
The changes to the categories of services provided for in the Executive Regulation (the “Existing Categories”) include the following:
With the exception of the new service of issuing a certified paper or electronic report (at a cost of AED 200), the new categories of services that will be subject to the incremental fee basis as stipulated above (the “New Categories”) are as follows:
In light of the above, those taking security over moveable assets must be aware that effective from 27 February 2024, perfecting security or enforcing rights pertaining to an existing security will bear a higher cost depending on the term period of the right being perfected or enforced.
For queries or further information on the above, please contact Mark Brown or Divya Abrol Gambhir.