Banking and Financial Law

Banking and financial law in the UAE regulates the banking and finance industry in the country. The main law governing the sector is the Central Bank Law of 1980 and its subsequent amendments, which establish the powers and responsibilities of the Central Bank of the UAE.

The law sets out the regulatory framework for banking operations, including licensing requirements, capital adequacy standards, and prudential regulations. It also governs the conduct of business by banks, including anti-money laundering measures, consumer protection, and dispute resolution.

In addition to the Central Bank Law, there are several other laws that impact the banking and finance sector in the UAE, including the Commercial Companies Law, the Civil Code, the Criminal Code, and the Insolvency Law.

The UAE has also established a number of free zones, including the Dubai International Financial Centre (DIFC), which have their own set of laws and regulations specific to the banking and finance sector. These free zones provide a unique legal and regulatory environment for international banks and financial institutions operating in the UAE.

Leading institutions in the UAE face an uncertain and constantly changing regulatory environment as new regulations and laws are introduced frequently to keep pace with the latest developments in the industry and to ensure that the sector remains secure and stable. Remaining compliant with the latest regulations while also ensuring that their operations are efficient and effective can be challenging and overwhelming. As such, it is essential for these institutions to have an understanding of the legal landscape and to have access to expert legal advice to navigate the complexities of the regulatory environment.

Representation

Our banking lawyers have a solid reputation in all areas of banking, insurance regulation, investments and compliance. We are able to work on financial structuring, negotiation and documentation of conventional and Islamic finance transactions. We have the expertise to provide a quality service to meet the needs of funders, lenders and borrowers.

our strength is based on our local presence and our integrated practice, which encompasses all the focused skill sets that our clients require from finance, to real estate, project finance, structured finance and derivatives, as well as high-stakes litigation.

Service’s 

• Loan agreements
• Debt recovery
• Financial regulations compliance
• Fraud investigations