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Find out moreWelcome to this edition of Law Update, where we focus on the ever-evolving landscape of financial services regulation across the region. As the financial markets in the region continue to grow and diversify, this issue provides timely insights into the key regulatory developments shaping banking, investment, insolvency, and emerging technologies.
2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
February 2017
His Highness Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, commented that as a result of these agreements:
“Individual residents can have even greater trust that their property and assets will be secure here.”
This development will allow DIFC registered Wills to encompass both Dubai and Ras Al Khaimah assets. The DIFC Wills and Probate Registry was established to introduce a new avenue for succession and inheritance matters for non-Muslims holding assets in Dubai, and now Ras Al Khaimah, backed by protocols concluded with other public authorities.
The new rules, which broadly follow UK law and practice, create legal certainty for the inheritance of individuals’ assets after death and the appointment of guardians for their children. This not only allows individuals to have testamentary freedom to dispose of their assets as they wish, it also provides peace of mind that an individual’s estate will be distributed according to their wishes.
The Registry provides a simple and efficient mechanism for non-Muslims to pass on their estates, subject to a formal Will registration process which functions as an opt-in mechanism. All probate grants are issued by judges of the DIFC Courts.
Learn how our Wills services team offer assistance for matters relating to consultation and registration of wills in the Ras Al Khaimah, Dubai & UAE.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.