Latest news with #LegislativeAmendments


Zawya
6 days ago
- Business
- Zawya
DIFC announces enactment of amendments to select legislations
DUBAI - Dubai International Financial Centre (DIFC) has enacted amendments to select legislation through DIFC Laws Amendment Law, Law No. 1 of 2005. This includes amendments to the Data Protection Law to provide additional protections and rights of action for Data Subjects in the DIFC. In addition, legislative amendments provide clarification to ensure DIFC Laws remain in line with international best practices. DIFC has made amendments to the Data Protection Law to introduce a private right of action through the DIFC courts, enhancing the rights and remedies available to data subjects whose personal data has been processed in contravention of the Data Protection Law. Additional clarificatory amendments have been made, which include amendments to the scope of application and extra-territorial scope of the Data Protection Law; and an update to Article 28 on Data Sharing to clarify the adequacy referential for assessing the suitability of third countries for receiving Personal Data. Certain clarificatory amendments have also been enacted in respect of the Law of Security, Insolvency Law and Employment. The Amendment Law were enacted on 8th July 2025 and came into effect on 15th July 2025.


Emirates 24/7
6 days ago
- Business
- Emirates 24/7
DIFC announces enactment of amendments to select legislations
Dubai International Financial Centre (DIFC) has enacted amendments to select legislation through DIFC Laws Amendment Law, Law No. 1 of 2005. This includes amendments to the Data Protection Law to provide additional protections and rights of action for Data Subjects in the DIFC. In addition, legislative amendments provide clarification to ensure DIFC Laws remain in line with international best practices. DIFC has made amendments to the Data Protection Law to introduce a private right of action through the DIFC courts, enhancing the rights and remedies available to data subjects whose personal data has been processed in contravention of the Data Protection Law. Additional clarificatory amendments have been made, which include amendments to the scope of application and extra-territorial scope of the Data Protection Law; and an update to Article 28 on Data Sharing to clarify the adequacy referential for assessing the suitability of third countries for receiving Personal Data. Certain clarificatory amendments have also been enacted in respect of the Law of Security, Insolvency Law and Employment. The Amendment Law were enacted on 8th July 2025 and came into effect on 15th July 2025. Follow Emirates 24|7 on Google News.


Zawya
6 days ago
- Business
- Zawya
DIFC anounces enactment of amendments to select DIFC legislation through DIFC Law Amendment Law
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted amendments to select legislation through DIFC Laws Amendment Law, Law No. 1 of 2005. This includes amendments to the Data Protection Law to provide additional protections and rights of action for Data Subjects in the DIFC. In addition, legislative amendments provide clarification to ensure DIFC Laws remain in line with international best practice. Data Protection Law DIFC has made amendments to the Data Protection Law to: Introduce a Private Right of Action through the DIFC Courts, enhancing the rights and remedies available to data subjects whose personal data has been processed in contravention of the Data Protection Law. Additional clarificatory amendments have been made, which include: Amendments to the scope of application and extra-territorial scope of the Data Protection Law. An update to Article 28 on Data Sharing to clarify the adequacy referential for assessing the suitability of third countries for receiving Personal Data. Other Legislative Amendments Certain clarificatory amendments have also been enacted in respect of the Law of Security, Insolvency Law and Employment. Enactment The Amendment Law were enacted on 8 July 2025 and came into effect on 15 July 2025. The Laws can be accessed via DIFC's legal database. -Ends- About Dubai International Financial Centre Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 countries with an approximate population of 3.7bn and an estimated GDP of USD 10.5trn. With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of 46,000 professionals working across over 6,900 active registered companies – making up the largest and most diverse pool of industry talent in the region. The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive AI, FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels, and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations. For further information, please visit our website: or follow us on LinkedIn and X @DIFC. For media enquiries, please contact: Nivine William Burson | Rasha Mezher | Dubai International Financial Centre Authority Manager, Marketing & Corporate Communications