Four of Latham & Watkins’ leading emerging company partners in Silicon Valley, Luke Bergstrom, Tad Freese, Jim Morrone and JD Marple, recently hosted a webinar titled “Achieving Successful Outcomes as a Non-US Company Investing in or Acquiring Technology Companies in Silicon Valley”. The webinar can be viewed here.
In this blog we have sought to draw out some of the key observations in the webinar that are relevant to Middle East entities considering investing in US technology companies.
Unique
The use of “unmanned aerial systems” or “drones” for commercial, government and consumer purposes has significantly increased in recent years across the globe. In the UAE, the office of H.H.
Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister and Ruler of Dubai, introduced the Drones for Good Award at the Government Summit held in Dubai in February 2014 to promote the development of drone technology in the consumer market in the UAE.
This post explores the applicable federal and emirate-specific regulations, as well as the various concerns surrounding the use of drones (for commercial, government and consumer purposes).
Regulation at the Federal Level
At the federal level, the main pieces of legislation applicable to the use of drones in the UAE are Federal Resolution No. 2 of 2015 regarding Light Air Sports Practice Regulations (Federal Law) and the Civil Aviation Regulation (CAR) Part VIII Subpart 10 on the Operation of Unmanned Aerial Systems within the UAE (UAS Regulations), and at the emirate level, the Dubai Law No. 7 of 2015 on Airspace Security and Safety in the Emirate of Dubai (Dubai Law).
This is the first in a series of articles considering legal issues relating to bitcoin, cryptocurrencies and blockchain in the UAE. In this article we focus on the legal status of bitcoin and address the question of whether bitcoin is banned in the UAE. In part two we will consider the case for regulating bitcoin and cryptocurrencies and in part three we will consider legal issues relating to the adoption of blockchain technology by public and private entities in the
New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem.
After a long period of consultation, on 1 January 2017 the Central Bank in the United Arab Emirates (UAE) issued the Regulatory Framework for Stored Values and Electronic Payment Systems (Electronic Payment Regulation). The Electronic Payment Regulation’s key message is that all eligible participating institutions (whether they are banks, payment networks, telecommunications companies, government
The Middle East and North Africa (MENA) is home to 14 of the 33 most water scarce countries globally, with six times less water availability than the worldwide average and less than 2 percent of the world’s renewable water supply. The Gulf Cooperation Council (GCC) states – Bahrain, Kuwait, Qatar, United Arab Emirates, Saudi Arabia and Oman – all rank in the top 10 most water scarce countries. The water crisis in the region is exacerbated by exploding
Telemedicine is a product of 20th century information and communication technologies. It is generally defined as the provision of healthcare services from a healthcare professional to a patient from a remote location using a telephone or the internet. International and local health providers are increasingly looking to provide telemedicine services in the region, specifically in Abu Dhabi, Dubai and Dubai Healthcare City (DHCC). The regulation of telemedicine in the UAE, to date, has been inconsistent and needs to be
The United Arab Emirates (UAE) is an attractive global business centre and gateway to the wider Middle East region for international companies seeking to commercialise and exploit their brands, products and technologies.
However, the UAE is often considered to present risks from an intellectual property (IP) infringement perspective – a perception that potentially can undermine a business’s strategy and desire to build strong brand awareness and regional demand.
Protection of IP
International companies seeking to capitalise on the growth opportunities
Outsourcing has historically not been a major pillar in Middle East public and private sector organisation’s strategic architecture. While the benefits of outsourcing are understood and recognised, organisations have sought to engage with major outsourced service providers through managed service agreements and joint ventures. This approach has generally worked well. It has enabled local organisations to maintain control of their infrastructure, environments, people and third-party contracts and, in the case of joint ventures, provided organisations with the potential opportunity to
On 15 June 2015, the Abu Dhabi Global Market (Global Market), Abu Dhabi’s financial free zone, published the following six new regulations concerning the regulation of non-financial services in the Global Market:
– Application of English Law Regulations;
– Companies Regulations;
– Operating Regulations;
– Insolvency Regulations;
– Employment Regulations; and
– Real Property Regulations.
As expected from the draft regulations issued by the Global Market earlier this year, the Global Market’s final approach in the regulations follows very closely
The UAE has recently passed a new commercial companies law and approved some key changes to its public takeover regime.
1. New UAE Commercial Companies Law
UAE Federal Law No. (2) of 2015 Concerning Commercial Companies (2015 CCL) was published in the Official Gazette on 31 March 2015 and comes into force on 1 July 2015.
The 2015 CCL is substantially similar to the 2013 draft of the Commercial Companies Law (2013 Draft CCL). The key differences from the 2013
