Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.Find out more
We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
Over the last few years, the UAE has taken strides to further its commitment towards creating an ecosystem that will generate long-term economic growth through digital innovation. In September 2021, the Securities and Commodities Authority (SCA) and the Dubai World Trade Centre Authority (DWTCA) entered into a Memorandum of Understanding to support the regulation, offering, issuance, listing and trading of crypto assets and related financial activities within DWTCA’s free zone. Separately, DWTCA and Binance announced plans to establish a new industry hub for global virtual assets in Dubai. Additionally, last week, the Dubai Financial Services Authority issued its Consultation Paper No. 143 for the Regulation of Crypto Tokens.
In furtherance of this commitment and in a relatively short span of time, the Emirate of Dubai has issued Dubai Law No. 4 of 2022 dated 28 February 2022 on the Regulation of Virtual Assets in the Emirate of Dubai (“Dubai Virtual Assets Law” or the “DVAL”).
Here’s what you need to know:
Get in touch with our team who can answer your questions and provide insight into the new law.
Deputy Managing Partner, Head of Banking & Financej.email@example.com
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.