The first Law Update of 2024 is here, and our first focus of the year spotlights Healthcare and Lifesciences, a sector that is undergoing significant growth and development across the MENA region.
Our focus provides an insight into some of the most important regulatory updates across the region, such as the UAE’s groundbreaking law on the use of human genome, Kuwait’s resolution on nuclear and radioactive materials, the new regulations for healthcare services in Qatar, Egypt’s healthcare regulatory framework, and the impact of the Saudi Civil Transactions Law on the healthcare and life sciences sector … and there is so much more!
Beyond the healthcare pages our lawyers share with you multi-sector insights where you will discover articles on Dubai’s DIFC regulatory framework for startups, Bahrain’s commercial agencies law, and we also shed light on Kuwaiti civil code and the advantages of setting up a joint stock company in Saudi Arabia.Read the full edition
H.H the Ruler of Sharjah has issued Law No. 2 of 2022 amending Law No. 5 of 2010 on Real Estate Registration in the Emirate of Sharjah on 31 October 2022. The new Decree amends Articles 4 and 7 of Law No. 5 of 2010 which relates to the Right of Ownership of property in Sharjah. The amendment replaces Article 4 of Law No. 5 of 2010 with the following text:
The right to own real estate in the Emirate is limited to persons who are citizens of UAE and citizens of the Cooperation Council for the Arab States of the Gulf, and as an exception to this, the right of ownership may be granted to others according to the following:
This Decree has added three more exceptions and relaxed the restriction on foreign ownership of real estate in the Emirate of Sharjah which is a great step toward opening the real estate market to foreigners.
Article 7 has been amended and oblige the owners to do the following:
We urge all our clients to update their title deeds for properties in Sharjah pursuant to Article 7 of this Decree.
If you would like to know more about the new law and its implications for you, please contact our team via email: firstname.lastname@example.org.