Publication
Motor Finance Redress: The Way Ahead
On August 1, 2025, the UK Supreme Court delivered its long-awaited judgment in Hopcraft v Close Brothers Limited and on 3 August the FCA announced it would consult on a redress scheme.
Insurance focus: Key developments in the insurance sector in the Middle East – fourth edition
Middle East | Publication | November 2025
In the fourth issue of our Middle East insurance newsletter, we bring you another round of updates and insights into the ever-evolving insurance sector in the region.
Laws and Regulations
In this edition, we highlights key insights from Norton Rose Fulbright’s Middle East Financial Services Regulation Conference in the DIFC, which involved the DIFC data protection regulator and focused on cybersecurity compliance and incident readiness, highlighting the growing regulatory emphasis on cybersecurity and the rising urgency for businesses to strengthen their resilience. We also discuss the enactment of Federal Decree-Law No. 6 of 2025 on the Central Bank, Regulation of Financial Institutions and Activities, and Insurance Business, which replaces and consolidates multiple fragmented laws across the UAE’s financial sector into one single framework, and which strengthens the Central Bank’s supervisory and enforcement powers.
Recent Judicial Decisions
We then examine recent judicial decisions in the UAE which clarify the jurisdiction of the Insurance Dispute Resolution Committees (IDRC) within Sanadak, and which confirm elevated duties of care for plastic surgeons.
Spotlight on Saudi Arabia
In our Spotlight article, we explore the increasing relevance of political risk insurance in Saudi Arabia amid shifting regional dynamics and the Kingdom’s economic transformation under Vision 2030. This is featured as our Spotlight article as an introduction to Saudi Arabia and developments in the Kingdom relevant to the insurance industry, which we will be focusing on in the next edition of our newsletter.
We hope you find this edition both informative and thought-provoking, and we look forward to sharing further insights with you in our next issue in December 2025.
If you would like to receive our newsletter, please contact us.
This article was co-authored with Alaa El Kholy and Jake Burke.
Recent publications
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Clarifying charterers’ redelivery obligations under BARECON 2001: Songa Product and Chemical Tankers III AS v Kairos Shipping II LLC
Songa Product and Chemical Tankers III AS v Kairos Shipping II LLC [2025] EWCA Civ 1227 (07 October 2025) has clarified the extent of the obligation on the Charterer to redeliver a vessel following the termination of a Barecon 2001 charter and of the Owner’s right to require it to be redelivered to a port “convenient to them”.
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European Parliament votes to adopt Omnibus proposal amending CSRD and CS3D
On 13 November 2025, the European Parliament adopted (subject to certain amendments) the substantive Omnibus Directive which was proposed by the European Commission on 26 February 2025 (see our previous briefing here). The Omnibus proposal has now been referred to the Committee of Legal Affairs to proceed to the trilogue negotiations.
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