Navigating OFAC Licensing: A Guide for UAE Businesses Engaging with Sanctioned Entities
In the interconnected economy of the globe, it’s not uncommon for UAE businesses to encounter potential partners, clients, or suppliers who fall under U.S. sanctions. When that happens, navigating the legal landscape becomes more than a formality—it becomes a strategic necessity. Whether you’re managing international payments, exports, or humanitarian initiatives, understanding how OFAC licensing works […]
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Understanding the 2023 Amendments to the UAE Arbitration Law: What Businesses Need to Know
In a continued effort to align its legal infrastructure with global standards, the United Arab Emirates (UAE) introduced significant reforms to its arbitration framework through Federal Law No. 15 of 2023. This law, which came into force in September 2023, amends key provisions of the existing Federal Law No. 6 of 2018 on arbitration. These […]
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The Impact of OFAC Sanctions on UAE Businesses and How to Mitigate Risks
The influence of international regulations extends far beyond borders in the current globalized economy. One of the most consequential frameworks that businesses in the UAE need to navigate is the sanctions regime imposed by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury. While the UAE maintains strong diplomatic and […]
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Why Dubai is Emerging as a Global Hub for International Arbitration
In today’s fast-evolving global economy, cross-border transactions are more frequent than ever before. With international business comes the inevitability of disputes, and resolving them efficiently is crucial. More and more companies are choosing Dubai as their destination of choice for international arbitration—and it’s no accident. Thanks to its strategic location, neutral legal system, and world-class […]
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