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
We are pleased to announce that the DIFC Wills and Probate Registry has today released new Rules, which will come into effect as of 30th June 2019.
There are two major changes to the Rules. Firstly, the Rules will allow Non-Muslims to include all of their worldwide assets in the DIFC Will. Testators who wish to register DIFC Wills only for their Dubai and/or Ras Al Khaimah Estates may continue to do so. Guardianship Wills and guardianship provisions in the DIFC Will will continue to be valid only for minor children who are habitual residents of either Dubai or Ras Al Khaimah.
Secondly, the Authorised Officer/Probate Director will no longer be a second Witness to any of the Will signings as of 30th June 2019. It is imperative that Testators are aware that they now need to bring two (2) Witnesses to the Will signing. Witnesses must be at least 21 years old, with a valid photo ID. Witnesses cannot be a Beneficiary or a Guardian (or a spouse of a Beneficiary or a Guardian) mentioned in the Will.
Individuals who already have a registered DIFC Will, but would like to extend the jurisdiction to reflect assets in other Emirates or global assets, will have the opportunity to amend their Wills at no additional cost between 30th June and 29th August 2019. Please note, these appointments must be made by email (email@example.com) only. Any modifications after 29th August 2019 will result in a fee of AED 550 +VAT.