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Find out moreThis comprehensive guide is designed to help you navigate the intricate landscape of family business and private wealth in the Middle East, where family businesses constitute approximately 60% of GDP and employ 80% of the workforce in the GCC, offering unparalleled opportunities for wealth creation and preservation.
Packed with insights, strategies, and expert advice from our talented lawyers, Legacy provides tailored solutions to the unique challenges of asset protection, succession planning, and dispute resolution in this dynamic region.Read the publication and equip yourself with the knowledge and tools necessary to thrive, whether you’re a seasoned investor, a family business owner, part of the next generation, or a newcomer exploring opportunities in the region.
Read NowThe DIFC has issued a consultation paper (a copy of which can be found here), seeking comments from the public in relation to a new Data Protection Law (“Proposed Law”). The Consultation Paper will be of interest to businesses in the DIFC which process personal data, as well as their employees, customers and suppliers.
The Proposed Law is intended to reflect the principles and concepts underlying the EU’s General Data Protection Regulation (“GDPR”) as well as elements of the the California Consumer Privacy Act so as to maintain consistency with best practices adopted by international data protection laws.
Some of the key features of the Proposed Law include:
It is important to note that the Proposed Law may be refined as part of the consultation process, and as such, it should not be relied on until it is enacted by way of a notice on the DIFCA’s website.
The consultation process provides all stakeholders with an opportunity to shape the new data protection regime. We encourage all interested parties, particularly businesses established in the DIFC to email their comments and views to consultation@difc.ae by 18 August 2019. Your comments may be published anonymously by the DIFCA on its website or elsewhere, unless you expressly request otherwise at the time the comments are made.
We would be happy to assist should you require further detail or wish to make a submission to the DIFCA.
Martin Hayward
Head of Technology, Media & Telecommunications
m.hayward@tamimi.com
Haroun Khwaja
Senior Associate, Technology, Media & Telecommunications
h.khwaja@tamimi.com
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