Insurance companies’ investments have become more intense and increasing as a result of the increase in capital requirements and the rapid competition in different markets. Many laws and regulations related to insurance have been emerged, which has resulted in overlapping rights and ambiguity in the responsibilities in many disputes, including but not limited to insurance of vehicles, construction, medical insurance, contracts, marine insurance…etc. .
The Central Bank of the UAE has created a new mechanism for handling insurance cases through establishing a special committee for insurance cases headed by a judge from the Court of First Instance and composed of two or more members working in the Insurance Authority. The committee decisions shall be binding unless it is challenged by one or both of the parties to the insurance dispute before the Court of First Instance.
Our leading lawyers and legal consultants represent individuals, insurance companies, and reinsurance companies before various judicial authorities and provide our clients of investors, stakeholders and various companies with the efficient strategies and consultancy in all issues related to insurance and compensation, and in many fields such as industries, transportation, contracting, energy, mining, fiduciary responsibilities, and others