BSA Ahmad Bin Hezeem & Associates

GCC

Implementation of the Value Added Tax in the United Arab Emirates

Introduction
In February 2016, the Ministry of Finance announced the introduction of Value Added Tax (“VAT”) in the UAE, and has ended a long period of speculation and discussion of “when” and “if” VAT would be introduced.

According to the announcement, the UAE will impose VAT at a […]

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Gulf Shipping Insurance Trends: 2016

The first half of 2016 has justified what many analysts have forecasted in regards to the shipping insurance sector in the Gulf Region – that it will maintain the trends witnessed in 2015, with one salient exception – Iran. Regional developments have not necessarily spiraled, but economic conditions have not […]

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BSA advises GCC sushi shop franchisee on buyout

Bertrand Dumon, Partner at BSA has recently advised French entrepreneurs, the founders and owners of premium, innovative sushi restaurant chain SushiArt in its acquisition by eathos, the Dubai DIFC based regional restaurant operating company. eathos was advised by Gibson Dunn in the buyout.

This deal sees co-founder […]

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Prevention is better than cure – anti-corruption in the region

The legislative battle against anti-corruption in the region began in the 1980’s. Mamoon Ashraf and Edouard Salwan of Bin Shabib and Associates look at how it has becoame a priority in the last 12 months.
What’s been happening?
The battle against bribery and corruption in […]

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Sound Consumer Protection – A Serious issue in the UAE and GCC

Mamoon Ashraf of Bin Shabib & Associates examines a growing trend towards greater consumer protection in the Gulf Cooperation Council countries and wider region.

Overview
’75 Million’. This figure represents the total number of visitors to one of the many shopping malls in Dubai last year (you can […]

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M&A in the Insurance Sector

Proposed regulatory changes penciled to be introduced within the next two to three years are expected to boost consolidation among
GCC insurance companies, local bankers, attorneys, and industry sources told Mergermarket.

Michael Kortbawi, partner at Bin Shabib & Associates discusses the issues surronding M&A activty in […]

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Bancassurance in the GCC: The Need for Change

Bancassurance allows banks to sell insurance policies of insurers they have partnered with and is one of the many means of alternative distribution methods adopted by GCC insurance companies. Although the usage of bancassurance in the GCC region is still on the low end, significant growth for this […]

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