Webinar
Overview (Program Summary)
A program hosted by:
ACC Middle East and North AfricaA number of significant developments were introduced during 2020 in the UAE which impact on doing business in the UAE as well as the wider region. Developments included amendments, as well as new laws, in civil litigation, corporate and commercial law, and labour law. Not to mention measures that are continually being introduced and adapted by the authorities to combat COVID-19.
Join us at this webinar where partners Charles Laubach and Danielle Lobo will provide a high level discussion of a number of these developments that impact your day-to-day practice. The discussion will include:
• amendments to the Companies Law in connection with the removal of the 51 per cent restriction on UAE national ownership and changes to provisions relating to LLCs;
• compliance with Economic Substance Regulation;
• AML and your obligation to develop and enforce an internal AML policy, to conduct business and country risk assessments, to develop and implement a “Know Your Customer” policy, to train employees, and to report suspicious transactions;
• ultimate beneficial ownership and the framework for identifying and recording details of real beneficiaries of entities licensed to conduct business in the UAE; and
• a quick round-up of COVID-19 frequently asked questions.
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