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
On 13 February 2020, Port of Fujairah issued a ‘Notice to Mariner No. 272’ notifying marine agents, ship owners and oil terminal users that with immediate effect, oil tankers, LPG, LNG and gas carriers calling at Port of Fujairah and offshore anchorage, must all hold insurance certificates issued by one of the 13 International Group of P&I Clubs.
The implications for vessels entered with P&I insurers outside of the IG could be considerable, and owners and their insurers should be mindful of the risk of breaching charterparties, off-hire events or non-recoverable demurrage, or even missing bunkering commitments.
Fortunately, the Port of Fujairah declared that vessels that were already at outer-port anchorage before 13 February 2020 will be exempted from the new requirements. As of today’s date, it is unclear whether the Port of Fujairah will consider granting further specific-exemptions. We are aware that negotiations between some vessel owners, their insurers and the port, are still ongoing.