The regional real estate, construction and hospitality sectors have been turned upside down over the last two years, with Covid-19 bringing these sectors to a halt. The impact of the pandemic remains, however, the resurrection of these vital sectors across the region is a welcome relief because they support the development of modern cities, which in turn have attracted commerce and tourism to the Middle East and North Africa.
This latest edition of Law Update, provides vital insights, updates and commentary on the latest trends taking shape across the real estate, construction, hotels and leisure sectors. The articles within this edition cover a broad range of topics, from what’s next for real estate in Dubai, to commentary on Saudi real estate, a market that is set to become the main bedrock of the region for years ahead. You will find articles on reforming real estate laws in Qatar, foreign investment and ownership in Oman, and mitigating risks on hotel construction projects and the lessons learnt from Covid.Read the full report
The new DIFC Data Protection Law 2020 (DIFC Law No. 5 of 2020) (“New Law”) has now been enacted and comes into force on 1 July, 2020. The New Law repeals the existing DIFC Data Protection Law (Law No. 1 of 2007 (as amended) (“Old Law”)). The New Law aims at enhancing the existing legal framework on data protection in the DIFC and is closely aligned with the EU’s General Data Protection Regulation (GDPR).
Although the New Law comes into force on 1 July, 2020, there is a three-month transition period. DIFC businesses will have until 1 October, 2020 to prepare to comply with the New Law.
We set out below some key features of the New Law that will likely affect the Processing of Personal Data that is already being carried out in relation to DIFC related activities. (Capitalised terms are as defined under the New Law available here.
Please do not hesitate to contact our TMT team if you have any specific questions relating to the New Law and how it affects your business.
To hear more, please click here to listen to our webinar.