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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
Law No. (9) of 2022 ‘Regulating the Provision of Digital Services’ in the Emirate of Dubai (the “law”) was issued on 14 March 2022 and entered into force on 24 March 2022 and aims to further enhance and improve the quality of Dubai’s digital services whilst continuing to drive Dubai’s digital transformation journey. The law adds to Dubai’s digital legal landscape and will work in conjunction with recent federal UAE digital and data laws.
The law applies to both digital services provided by Dubai government and to digital services provided by non-government entities in Dubai and establishes key requirements for effective digital service delivery.
The law will be overseen by the “Competent Authority” which is defined in the law as the General Secretariat of the Executive Council, the Dubai Digital Authority (DDA) and the Dubai Electronic Security Centre (DESC). The law will cover the delivery of digital services across the spectrum of digital channels, including websites and smart applications.
There is a one-year grace period to comply with the law. This grace period can be extended by the Executive Council of the Emirate of Dubai. The law talks about a potential phased roll-out of the law’s provisions. This roll-out may be further clarified in resolutions to be issued by the Competent Authority.
The key points to note are:
Further resolutions and technical guides relating to the effective implementation of the law should be expected and will be issued by the Competent Authority and the DDA. .
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