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Dubai legal news

The Firm participated in the Third CIS Local Counsel Forum 02.07.2008 Mrs Marina Fox - the founder of Marina Fox Legal Consultancy has given a speach at the third CIS Local Counsel Forum which took place in St. Petersburg, Russia on June 25-27, 2008.
Book on Dubai Laws in Russian is now on sale 23.02.2008 Marina Fox has published a book on Dubai Laws in Russian. The book is now on sale at the offices of Marina Fox Legal Consultancy.
 5% rent cap for 2008 23.01.2008 Reduction in the annual rent cap for 2008 from 7% (seven percent) to 5% (five percent) of maximum rental increase per annum.
Law on escrow accounts for Dubai real estate projects 26.10.2007 People buying properties off plan in Dubai will make their payments into special escrow accounts managed by banks, auditors and Land Department instead of directly to the property developers.
DIFC freehold ownership laws enacted 22.06.2007 The Real Property (DIFC Law No 4 of 2007) and Strata Title (DIFC Law No 5 of 2007)have been enacted on 21 June 2007.
Tighter rules for insurance brokers 27.01.2006 The new rules, announced by UAE Government on 8 January 2007
NOC rule for driving licence reinstated 07.10.2006 With effect from 1 October 2006 no one is allowed to learn driving in Dubai without getting a No-Objection-Certificate from his employer.
 New laws on formation of investment trusts 06.08.2006 The Ruler of Dubai has enacted new investment laws for Dubai's financial free zone that will enable collective funds to be set up as investment trusts.
 Dubai issues list of freehold locations 17.07.2006 Ruler of Dubai has issued Order No. 3 of 2006 designating freehold areas in Dubai