Nathan Banks

The UAE has emerged as a leading player in the regulation of virtual assets and stablecoins. This article delves into the regulatory framework surrounding stable coins in the UAE. Understanding Stablecoins Stablecoins are digital tokens that are connected to real money or a collection of assets to minimize fluctuations in value. They offer a reliable…

Regulators in the United Arab Emirates (UAE) have recently approved UAE’s (and GCC’s) first authorized lottery license to ‘The Game LLC’, a commercial gaming entity operating in the fields of game development and gaming-related content, as well as lottery operations. The General Commercial Gaming Regulatory Authority (GCGRA) is the UAE federal regulatory authority which holds…

In the realm of technology, there’s a new buzzword that’s been making waves: Decentralized Autonomous Organizations, or DAOs. In simple terms, DAOs are organizations that are not controlled by any one person or group. Instead, they are governed by a set of rules that are encoded in software. This means that DAOs are transparent, accountable,…

Saudi Arabia is working on new real estate laws to allow foreigners to buy property in the Kingdom. “Relaxing foreign ownership laws will expand the potential pool of international investors in the Saudi real estate market,” said Mansoor Ahmed, Executive Director at Colliers MENA. “This surge in demand from foreign buyers could lead to a…

Did you know that in the UAE it is possible to take a security interest over an aircraft? Here’s everything you need to know. Key laws Key authorities/Conventions It is possible, under the Civil Aviation Law to register a mortgage over a UAE-registered aircraft. In practice, the GCAA effects the registration of mortgages (or other…

There have been recent updates regarding UAE patent application procedures that may affect your ongoing or future patent applications, utility models and industrial design applications. A new Ministerial Decision, No. 112 of 2023, was issued by the UAE Cabinet in November 2023. This decision introduces key changes listed below, amends the official fees associated with…

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce that Nathan Banks has joined IR as our exclusive Foreign Direct Investment member in the United Arab Emirates. Nathan, Founder and Managing Partner of the Banks Legal Group, has 25 years of legal experience, 20 of which have been dedicated to practicing…