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12 Aug 2020

Stephenson Harwood commissioned to author United Arab Emirates Banking & Finance Law 2020 guide by LexisNexis Middle East

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Stephenson Harwood’s Middle East banking and finance team have been commissioned by LexisNexis Middle East to author the United Arab Emirates (“UAE”) General Banking & Finance Law 2020 guide, for its “GCC - Middle East Corporate Counsel Advisor” publication.

This guide provides readers with concise and practical guidance on the key provisions of the UAE federal law that regulates the banking sector within the country, including:

  • the Federal Law No. 14 of 2018 on the Central Bank and Organisation of Financial Institutions and Activities, which came into force on 30 September 2018 and repeals two of the UAE's older banking laws (that are set to be replaced in the three year period ending 29 September 2021);
  • an overview of the UAE’s regulators, the roles of the regulators, ownership of banks, licencing of banks, corporate governance of banks;
  • issues relating to guarantees, charging of interest, issuing and bouncing of cheques, letters of credit and bills of exchange; and
  • key legislation that regulates both the Dubai International Financial Centre and the Abu Dhabi Global Market.
Download the full publication.
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KEY CONTACT

Nijoe Joseph

Nijoe Joseph
Partner

T:  +971 4 407 3921 M:  +971 50 644 3571 Email Nijoe | Vcard Office:  Dubai

Kara Conneely

Kara Conneely
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T:  +971 4407 3944 M:  +971 589 901 737 Email Kara | Vcard Office:  Dubai

Chinar Nuzhat Zaidi

Chinar Nuzhat Zaidi
Associate

T:  +971 4407 3960 M:  +971 589 901 727 Email Chinar Nuzhat | Vcard Office:  Dubai

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