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Leading global law firm Baker McKenzie is pleased to announce that 85 of our colleagues have been promoted to partner. Promotions take effect from 1 July. Across the Firm’s practice groups globally, Tax and Dispute Resolution saw the largest intake of new partners, with M&A also significantly adding to their numbers. In the Middle East, two noteworthy promotions were awarded to: Joanna Matthews-Taylor from the Employment and Compensation Practice and Mohamed El Khatib from the…

A recent judgment by the Rental Dispute Settlement Centre (RDC) of the Dubai Land Department has upheld that the dismissal of an employee (also the tenant and Plaintiff in this case) from his job qualifies as an “Exceptional Circumstances” event and therefore, justifies the termination of his lease contact with his landlord (the Defendant). The RDC confirmed in its judgment that a lease contract may be terminated in two cases, either by applying the principle…

Leading international law firm Baker McKenzie Habib Al Mulla has advised Dar Al Takaful (DAT), an innovative Islamic insurance company in the UAE, on its acquisition of the entire share capital of Noor Takaful General and Noor Takaful Family for a total consideration of AED 215 million in cash. The transaction has been approved by DAT shareholders, the Emirates Securities and Commodities Authority (ESCA) and the Insurance Authority, and is expected to be concluded by…

A recent decision by the Tax Dispute Resolution Committee (TDRC) upheld an appeal by an international corporate and investment bank against fines and penalties imposed by the UAE Federal Tax Authority (FTA) in respect of a voluntary disclosure made by the bank. Baker McKenzie Habib Al Mulla successfully represented and obtained the favourable decision for the bank, with the TDRC ordering the FTA (the Defendant) to repay the amount paid for the fines and penalties…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has enacted a new DIFC Data Protection Law (New DIFC Law), which replaces the DIFC Data Protection Law of 2007 (as amended) (2007 DP Law). The New DIFC Law reflects many of the requirements of the EU’s General Data Protection Regulation (GDPR) seen by many as the ‘gold standard’ for data protection compliance. The New DIFC…