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
His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No (23) of 2022 regulating the grant of Musataha Right over commercial lands in the Emirate of Dubai (“the “Decree”). The Decree defines a Musataha Right as a right in rem granted by the Owner to the Musateh (being the owner of the Musataha right) to exploit commercial land. The Civil Code regulates the Musataha right in general under Articles 1353 to 1360 (inclusive). The Decree is related to commercial and industrial land owned by the Government of Dubai or companies wholly or partially owned by the Government of Dubai.
The Decree confirms the rules of the Civil Code about Musataha Right but adds new and special rules as follows:
We are of the view that the Decree will encourage real estate investment over government land as it sets clear rules for investors and governmental authorities to follow. We will be closely monitoring the implementation of the Decree which may require, among other matters, a change in the existing lease agreements framework currently adopted by the governmental authorities in the Emirate of Dubai and convert such leases to Musataha agreements.
If you would like to know more about the new decree and its implications for you, please contact our team via email: firstname.lastname@example.org