As a firm we have a strong commitment to our corporate sustainability principles, and this year we joined the United Nations Global Compact, an initiative dedicated to promoting responsible business practices and advancing the United Nations Sustainable Development Goals (SDGs). Our goals include Education, gender equality, climate action, justice for all, and sustainable partnerships. You can learn about our actions plans and targets, here.
In this edition, we feature an entire section dedicated to COP28 where we share insights and intelligence through conversations we have had with leading experts from across the region. This includes articles and podcasts that delve into the most pertinent topics, such as COP28’s call to action for corporates, ESG reporting, and the UAE’s Net Zero vision.
Beyond the focus on Energy and Climate we feature articles covering important updates that look into a variety of areas, such as UAE consumer protection law, an overview of the Federal Civil Family Law for Non-Muslim Foreigners in the UAE, and from Kuwait we discuss the management of companies. As always, in our final section we continue to share with you real life judgements that provide context to the legal landscape in the region.Read the full edition
We’re entering an exciting new chapter in maritime law, marked by the enactment of a groundbreaking new maritime statute. This pivotal change heralds a significant transformation in our approach to maritime litigation, arbitration, and commercial dealings. The law introduces extensive provisions for maritime debts and liens, equipping us to protect our clients’ interests more effectively.
Under the previous legal framework, the focus was mainly on specific maritime debt causes, like collisions, personal injuries, salvage, and vessel-related contracts. The new law, however, broadens its reach substantially. It now covers a wider range of obligations, including vessel construction, repair, conversion costs, port and canal dues, crew wages, social security contributions, insurance premiums, and even disputes concerning vessel ownership or possession. This wider scope reflects an evolved and holistic view of maritime commerce, acknowledging the multifaceted financial and legal aspects of ship operations. The law’s comprehensive nature ensures a robust legal foundation to address modern maritime trade’s complexities, providing thorough coverage and enforcement of all relevant debts and obligations.
Another notable advancement is the modernisation of the process for lifting vessel arrests. Moving away from the traditional cash-dependent approach, the new law introduces more flexible options like bail and guarantees. Instead of immediate cash or manager’s cheques, recognised bodies such as protection and indemnity clubs or reputable financial institutions can issue letters of guarantee. This modification not only simplifies the process but also accelerates dispute resolution, making it more attainable and efficient for all parties in maritime legal contexts.
We encourage our clients and partners to embrace this progressive legislative shift. Our expert legal team is ready to provide guidance and support in this new and dynamic maritime legal environment. With these changes, we are better equipped to navigate the complexities of maritime law, ensuring optimal outcomes for our clients.
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