This Week's Top 5 News Highlights You Can't Miss

UAE's recent amendment in the law allows surrogacy for childbirth

The recent modification in UAE law now permits individuals to choose surrogacy for childbirth, an option previously unavailable in the country. The law broadens the scope of medically assisted reproduction techniques (such as IVF) to non-Muslim individuals without requiring a marriage certificate. It also sanctions surrogacy and grants unmarried couples access to fertilization and implantation procedures.

UAE to set up specialised court to manage bankruptcy cases

Specialised courts dedicated to managing bankruptcy cases are set to be established in the UAE, as part of the government's efforts to revamp the legal framework surrounding restructuring and insolvency. This aims to simplify the process and bolster investor confidence. The federal law concerning financial restructuring and bankruptcy was officially released in the UAE Gazette on October 31, slated to be enforced starting from May 1, 2024.

New insurance law mandates a minimum AED 50,000 claim to appeal against the decision

The new insurance laws in the United Arab Emirates have replaced the Insurance Settlement Dispute Committee (IDC) with the Banking and Insurance Dispute Resolution Unit (Bidru). The new insurance law came into effect on November 30, 2023. As per the law, if a claim's value is below AED 50,000, insurers are unable to contest Bidru's decision. However, if the claim surpasses AED 50,000, insurers have a window of 30 days from the decision's issuance or notification date to appeal the unit's decision at the Court of Appeal.

UAE officials extradited Sanjay Shah to Danish authorities.

The UAE authorities extradited Sanjay Shah, a British national accused of tax fraud and money laundering, to Denmark. The extradition, following legal protocols, was executed through Denmark’s security mission, sanctioned by the Court of Cassation in Dubai and approved by the Minister of Justice. This action adheres to the bilateral agreement between the UAE and Denmark regarding the extradition of offenders.

UAE introduces new e-commerce law

A new e-commerce law has been introduced in the UAE, intended to enhance the legislative environment for modern trade practices, aligning with global standards. The law doesn't impose additional obligations on digital traders but safeguards consumer interests, regulating the refund and exchange of goods and services. The law's highlights encompass an adaptable approach to align with global digital commerce trends, focusing on consumer protection, dispute resolution options, and the integration of federal and local entities in the e-commerce value chain.?

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