The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.Read the full edition
Abu Dhabi will soon publish a new law aimed at better regulating the real estate sector in Abu Dhabi, which has been through more than seven years of consultation, review and drafting. This will be a positive step towards attracting increased real estate investment in Abu Dhabi, and across the UAE more broadly, as the new law tackles many concerns raised by investors in the past. It also draws on the real estate investment experience in the remainder of the UAE, and especially in Dubai, over the last 10 years.
There are many encouraging provisions in the law including provisions for licensing, registering off-plan developments, restrictions on developers collecting registration fees, setting up owners’ associations for jointly owned property, mortgages and dealing with delays in construction.
We will provide a summary of this new law as soon as it is published.