United Arab Emirates: Export Controls & Trade & Investment Sanctions

The U.S. Department of Commerce's Bureau of Industry and Security has issued a final rule significantly upgrading the export control status of the United Arab Emirates under the Export Administration Regulations. This regulatory change recognizes the UAE as a U.S. Major Defense Partner and facilitates its secure access to certain sensitive items, including advanced computing technology and missile systems, through enhanced favorable treatment and new license exceptions.

A raft of UAE anti-money laundering guidance has been published recently. Rima Mrad examines the key provisions and their impact on Licensed Financial Institutions and other organisations.

Amy Choudhary considers how the Qatar sanctions might affect the contractual obligation(s) of entities and whether performance can be discharged on the grounds of frustration.