WLN tag: #commercial
UAE: "Know your Client" Law
The introduction of Federal Decree-Law No. (30) of 2024 (the “Law”), establishing a “Know Your Client” (KYC) Digital Platform, enabling identity verification is an important step forward for the United Arab Emirates (UAE) whereby UAE has committed to tackle financial crimes in the country. Objectives The decree law aims at achieving the following objectives: KYC […]
WLN Technology Law Focus Group Updates
Today the WLN Technology Law Focus Group shared valuable updates from our different jurisdictions in the world of technology law, particularly focusing on the rise in use of artificial intelligence platforms such as ChatGPT and DeepSeek. Our chair Diane Frank was joined by Renata Lewicka, Chris Erb, Jackie Wu, Randy Whitmeyer, John Kivus, Jakob Tasser, and Łukasz […]
UAE: National Register for Carbon Credits and its impact on business in the UAE
The UAE’s cabinet recently adopted Cabinet Resolution No. (67) of 2024, which aims to reduce GHG emissions to achieve climate neutrality in 2050 and regulate the registration of carbon credits in the nation. Scope of application: The Cabinet resolution applies to the following: Measuring, reporting, and verification requirements: The resolution provides comprehension methods and forms […]
WLN Technology Focus Group Updates
What AI tools can be helpful for lawyers and law firms? How do our clients feel about using AI? How accurate are the results produced by ChatGPT? Today the WLN Technology Law Focus Group explored these questions and many more, as well as sharing valuable updates from our different jurisdictions in the world of technology […]
UAE: How does the UAE enforce minimum Emirati employment targets in the private sector?
The UAE has through the Federal Decree Law No. 9/2024, recently amended the Federal Law Regarding the Regulation of Employment Relationship 2021 to discourage Fictitious Employment that has been taking place in the UAE to fulfil the Emirati Employment Targets. The law aims to effectively implement the Emiratization Policy that the UAE government has introduced […]
UAE: Federal Decree-Law No. (11) of 2024 on the Reduction of Climate Change Effects
Introduction The UAE government in October 2024 passed a climate change law focus on reducing the effects of Climate Change. The objective of the law centres around managing emissions, increasing the adaptability of the economy to the impacts of climate change, supporting innovation in the area and improving regional and international cooperation by aligning local […]