As we witness the evolution of the regulatory landscape across the MENA region, it was timely for us to investigate and lift the lid, on what is keeping the region’s legal decision-makers awake at night.
Our first-of-its-kind report titled Legal Leaders in MENA is out now! It captures the views of 700 legal decision-makers across nine countries and 13 industry sectors in MENA, as well as in-depth interviews with experts from key sectors such as financial services and education to name a few, which revealed the emerging risks and priorities challenging the legal sector across the region.
Read the full report and share your feedback with us at email@example.com.Read the full report
Further to our recent alerts, by early next week all entities who fall under the scope of Cabinet Resolution No. 58 of 2020 on the regulation of the Procedures of the Real Beneficiary (“Resolution 58”), must provide their respective commercial registrars with details of their Real Beneficiaries and the Partners / Shareholders, as per the registers they are required to prepare and maintain.
You should keep in mind that, apart from Abu Dhabi Global Market, Dubai International Financial Centre, wholly Federal or local government owned (or their wholly-owned subsidiaries or branches) or UAE securities market listed entities, all UAE entities fall under the scope of Resolution 58.
We would be delighted to advise if your entity is subject to this regime and, if so, help you identify your Real Beneficiaries and prepare the Real Beneficiaries, Partners / Shareholders, Directors registers required under Resolution 58 (in Arabic / English, as the case may be).