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Find out moreWelcome to the first edition of Law Update for 2025. As we begin this exciting year, we are pleased to turn our attention to one of the most dynamic sectors in the UAE and the broader GCC region – healthcare. Over the past several years, the region has seen unprecedented growth in this sector, driven by legislative advancements, technological innovations, and the increasing focus on sustainability and AI. As such, healthcare is set to be one of the most important sectors in the coming decade.
In this issue, we explore key themes that are significantly shaping the future of healthcare in the UAE, such as recent changes in foreign ownership laws. These reforms present a major opportunity for foreign investors, opening up new avenues for international collaborations and improving the overall healthcare infrastructure. The changes in ownership laws are an important milestone, and we provide an analysis of what this means for the industry and the various players involved.
Read NowLast month, Iraq became listed as a member state to the Cape Town Convention (the “Convention”) it ratified back in 2018 through completing the formalities and making the declarations under Articles 39(1)(a) and 54(2) of the Convention and Article XXX (1) and (2) of the Aircraft Protocol (the “Protocol”). The Convention and the Protocol, read as a single instrument, is a treaty that sets the international standards in protecting the financial interests of aircraft sellers, buyers, and creditors through an international electronic interest registration system (the “International Registry”).
As Iraq deposited its instruments of accession to the Convention and Protocol on 26 January 2023, it has since been listed as a member state to the Convention. Once the Convention and Protocol enters into force on 1 May 2023, interests in Iraqi aircrafts will be available for registration on the International Registry. Such registrable interests include new and prospective international interests and rights, and assignments of the same.
Al Tamimi & Company’s Aviation team has extensive experience in the Middle East and North Africa (MENA) region on leasing, financing and chartering of aircraft as well as a wide range of involvement in advising local and international airlines for cargo and personal injury claims. For further information on this sector or for any inquiries for assistance, please contact our team.
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