Abu Dhabi´s New Real Estate Law – Law No.3 of 2015

Global |  Publication |  January 2016

Introduction

It could be argued that referring to Law No.3 of 2015 concerning the regulation of the real estate sector in the Emirate of Abu Dhabi (“Law No.3/2015”) as Abu Dhabi´s “new real estate law” is something of a misnomer as the law was issued back in June 2015. It provides parties who will be affected by such law with a grace period of at least 6 months from its publication in the Official Gazette (i.e. 30 December 2015 (the “Effective Date”)). However, given the wide-ranging effect of Law No.3/2015 and the fact that its practical impact on the Abu Dhabi real estate market will not be known until well after the Effective Date and the implementation of the recently-issued Executive Regulations, Law No.3/2015 will undoubtedly feel “new” for some time to come.



Practice area:

Recent publications

World globe matrix map

Publication

Beneficial ownership registers: Regulation Around the World

In this edition of Regulation Around the World we review the position regarding beneficial ownership registers which has come into the spotlight following work by the Financial Action Task Force and the introduction of reforms in a number of jurisdictions.

Global | March 23, 2023

Financial institutions
building

Publication

The EU Foreign Subsidy Regulation: A new set of wide-reaching powers for the European Commission

The European Union’s Foreign Subsidies Regulation (the FSR) entered into force on 12 January 2023 and creates a new regime aimed at combating distortions of competition on the EU internal market caused by foreign subsidies. It imposes mandatory notification and approval requirements for acquisitions of significant EU businesses and large EU public tenders, and gives the European Commission (EC) extensive powers to launch ex officio investigations. The notification requirements go live on 12 October 2023.

Global | March 15, 2023

Antitrust and competition

Publication

The SVB collapse: Social media driven bank run exposes regulatory gaps

The collapse of Silicon Valley Bank (SVB) – the 16th largest bank in the United States with US $212 billion in assets

Global | March 13, 2023

Restructuring
site search

Subscribe and stay up to date with the latest legal news, information and events...

Register now