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Economic Substance Regulations in the UAE. Are you ready to notify of your compliance? The UAE has implemented Economic Substance Regulations in order to comply with a requirement for the removal of the UAE from the EU Blacklist on 10 October 2019. The purpose of the Regulations is to ensure that UAE entities that undertake certain activities (called “Relevant Activities”) are not used to artificially attract profits that are not commensurate with the economic activity undertaken in the UAE. Coronavirus COVID-19 and Tenancy Relationship in Dubai

Could Dubai tenancy contracts be terminated due to coronavirus COVID-19? And, if so, could tenants leave the premises without any penalty or could they be evicted? On the other hand, questions have been asked regarding reduction and postponement of rent. Could tenant ask to reduce and/or postpone the rent and is the landlord obliged to satisfy such request?

Coronavirus COVID-19 and Force Majeure under UAE law

My clients come up to me with a question where COVID-19 is a Force Majeure event that would relieve the company from its obligations to perform existing contracts. The answer to this question is not strait forward and depends on few factors that need to be considered.

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