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The free zone unveiled proposed changes to its Common Reporting Standard Law in August 2020 to improve reporting standards. It also enforced an amendment to the employment law that replaced gratuities with a workplace savings plan from February 1 last year. The DIFC has now tabled proposed changes to Employment Law No 2 of 2019. It will issue new regulations that “will provide further clarity in relation to the Qualifying Scheme regime and bring it in line with the Dubai Financial Services Authority’s employee money purchase scheme so that only a single layer of regulation is applied to t...

DIFC Announces Proposed Amendments To Select Laws Date 07/03/2021 Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has proposed the enactment of amendments to the Employment Law, Data Protection Law and Insolvency Regulations to enhance the regulatory framework in DIFC, keeping it in line with international best practice. Amendments to the Employment Law & Regulations DIFC intends to make amendments to the existing Employment Law No. 2 of 2019 and issue new Employment Regulations which will prov...

The proposals aim to improve the regulatory framework of the financial centre and have been posted for public consultation

Dubai International Financial Centre (DIFC) has proposed the enactment of amendments to the employment law, data protection law and insolvency regulations to enhance its regulatory framework, keeping it in line with international best practices.

There has to be information relevant to an authorized investigation. those are standards. but what we're seeing in practice is a program that is all phones, all hours of the night and day, all parts of the country. in other words, a blanket dragnet sucking up all cell phone data in america. that doesn't seem to fit with the standard. so what's in between? what's in between is the interpretation of a secret court. you don't have any idea who advocated for the government's position or was anyone advocating on the other side to say, wait, your interpretation is way off balance. does it match the ...