Dubai, UAE Key Takeaways: The Dubai International Financial Centre (DIFC) Courts provide a unique system to settle disputes efficiently and quickly through their Small Claims Tribunal (SCT), encouraging individuals and businesses to represent themselves without a lawyer. SCT handles claims under a specific threshold (AED 500,000, or AED 1 million...
Category: News Updates
Matouk Bassiouny Welcomes Head of Korea Desk and Signs an MOU with BKL
We are delighted to announce the launch of our Korea desk and the joining of Ms. Jiyoung Bae as Partner and Head of Korea Desk.Jiyoung – a widely known expert in Middle Eastern legal affairs - brings more than 15 years of experience to Matouk Bassiouny. She formerly worked at...
News Alert: Navigating DIFC Litigation A Guide for Non-Lawyers
Dubai, UAE | 09 August 2023Key Takeaways: Dubai International Financial Centre (DIFC) stands out as a unique financial and legal hub in Dubai with its own distinct set of laws and rules.It is grounded in English legal principles, offering certainty and familiarity to those from common law backgrounds.DIFC courts hear...
News Alert: New Regulations and Licensing Requirements for Digital Banks in Egypt
Cairo, Egypt | 13 July 2023In July 2023, the Central Bank of Egypt (“CBE”) released new regulations and licensing requirements for digital banks (the “New Regulations”). This pivotal development in the banking sector is set to revolutionize the landscape of digital banking services in Egypt and the wider region.We will...
News Alert: New Amendment to the Investment Law’s Executive Regulations in Egypt
Cairo, Egypt | 22 June 2023In June 2023, the Prime Minister issued Decree No. 2140/2023 amending specific provisions in the Executive Regulations of the Investment Law issued by Prime Ministerial Decree No. 2310/2017, in respect of private free zones (the “New Amendment”).We will briefly touch upon the New Amendment. The...
News Alert: The UAE Cabinet Extends the New Labor Law’s Transition Deadline
Dubai, UAE | 29 January 2023 On 2 February 2022, Federal Decree-Law No. 33 of 2021, discussing the new employment law, as amended (the “New Labor Law”), came into force, requiring all employees to transition from unlimited-term contracts to fixed-term contracts by 1 February 2023.On 25 January 2023, the UAE Cabinet...
News Alert: Merger Control Regime Amendments in Egypt
LEGAL UPDATE – 2 JANUARY 2023 We would like to announce that the law amendments to the Egyptian Competition Law (“ECL”) no. 3 of the year 2005 in relation to the Merger Control regime (the “Amendments”) have been enacted officially by virtue of the law no. 175 of the year 2022...
News Alert: Enforcing UK Judgements in The UAE: A Step Forward
On 13 September 2022, the International Cooperation Department of the UAE Ministry of Justice issued a circular to the Dubai courts confirming the reciprocity of enforcing and executing judgments of the English courts in the UAE (the “Circular”). The Circular established that the reciprocity requirement provided for under Article 85...
News Alert: Dubai Leads the Middle East’s Crypto Business through VARA
“The future belongs to whoever designs it … and today, through the virtual assets law, we seek to participate in the design of this new and rapidly growing global sector.” Said H.H. Sheikh Mohamed bin Rashid Al Maktoum. On 28 February 2022, H.H. Sheikh Mohammed bin Rashid, Ruler of Dubai,...
MBH Successfully Hosts The FDI Moot For The Second Time
Matouk Bassiouny & Hennawy’s arbitration team successfully hosted the Egyptian National Rounds of the FDI Moot for the second time. On the 20th & 21st of August 2021 teams from a range of Egyptian universities participated in the competition: Ain Shams University, Cairo University – English Section, Tanta University and...