How has Education in the Middle East and North Africa evolved to keep up with progressive digital and regulatory requirements of the times?
From the rise of AI in the classroom to the strong international interest in the regions education market the sector continues to undergo major transformation.
Our latest Law Update
, titled “Brushstrokes of Law: Painting the Future”, takes a deep dive into these latest developments. In this issue, we explore:
We also feature a special section on our collaboration with the Mawaheb Art Studio, a unique creative space for People of Determination, and the artwork you see through the pages of this edition is a reflection of the students creativity.
The Law Update is a must-read for anyone who is passionate about education, whether you’re a lawyer, educator, policymaker, or investor.Read the full edition
Recently, the UAE Cabinet enacted Cabinet Resolution No. (102) of 2022 Promulgating the Administrative Penalties Regulations Regarding Acts Committed in Violation of the Provisions of Federal Decree-Law No. (32) of 2021 regarding Commercial Companies (“Penalties Law”). The Penalties Law introduces penalties on UAE onshore companies that are found in violation of certain provisions of the UAE Federal Decree by Law No 32 of 2021 concerning Commercial Companies (“UAE Companies Law”).
The Penalties law applies to all types of entities that can be formed in the UAE onshore, including partnerships and joint stock companies.
In this alert, we would like to highlight the key fines that could be imposed towards onshore limited liability companies (“LLCs”).
If you are a shareholder or a manager of an LLC, you should be mindful of the following sanctions that have been introduced under the Penalties Law:
Be Proactive, Not Reactive!
Although we are yet to see what impact the enactment of the Penalties Law will have on the UAE onshore companies, the enactment itself indicates authorities may intend to start taking a closer look at compliance by individual companies with the UAE Companies Law.
We recommend you assess practices adopted by your UAE company, to reduce the risk of finding yourself/ your company in breach of UAE Companies Law, as such breach can result in sanctions being imposed by the authorities.
To assist you in preventing your LLC being found in breach of the UAE Companies Law, we would be delighted to:
(i) conduct a “health check” review of your company;
(ii) share our findings/ recommendations; and
(iii) assist you in rectifying areas that may so require.