This month we bring you a special focus on a continent that boasts the world’s largest free trade area, a diverse economic make-up and increasing political stability. The latest edition of Law Update focuses on Africa, a territory that continues to be an attractive business and investment destination.
Like the rest of the world, Africa is still re-building from the impact of COVID-19, however, there continues to be an optimistic view of the opportunities the continent presents. An example of the appetite for investment into Africa was captured in a report we commissioned, titled Legal Leaders in MENA. Our survey of legal leaders revealed a resounding desire to expand into new territories, with 81% naming Africa as their investment destination of choice.Read the full edition
The DIFC has issued a consultation paper (a copy of which can be found here), seeking comments from the public in relation to a new Data Protection Law (“Proposed Law”). The Consultation Paper will be of interest to businesses in the DIFC which process personal data, as well as their employees, customers and suppliers.
The Proposed Law is intended to reflect the principles and concepts underlying the EU’s General Data Protection Regulation (“GDPR”) as well as elements of the the California Consumer Privacy Act so as to maintain consistency with best practices adopted by international data protection laws.
Some of the key features of the Proposed Law include:
It is important to note that the Proposed Law may be refined as part of the consultation process, and as such, it should not be relied on until it is enacted by way of a notice on the DIFCA’s website.
The consultation process provides all stakeholders with an opportunity to shape the new data protection regime. We encourage all interested parties, particularly businesses established in the DIFC to email their comments and views to firstname.lastname@example.org by 18 August 2019. Your comments may be published anonymously by the DIFCA on its website or elsewhere, unless you expressly request otherwise at the time the comments are made.
We would be happy to assist should you require further detail or wish to make a submission to the DIFCA.