DUBAI // A court has upheld a three-year sentence and Dh2,000 fine for a man who urinated on his wife and baby and then threw the wife from a second-floor balcony.
JS, a 37-year-old Tajik businessman, was found guilty of attempted murder at Dubai Criminal Court in September last year.
In April last year, he asked his wife, FZ, 18, to bring their baby daughter to a hotel apartment he was renting in Al Rafaa.
When FZ arrived, she asked JS what he had been doing, and the pair argued. He had been drinking, the court heard.
"He started screaming at me, then hit me several times on my head while I was holding our baby," she said. She begged him to stop, and he snatched her phone and smashing it on the floor.
He then called another woman and told her he had assaulted his wife. "She told him that I deserved it and that I had relations with other men and that she could find another woman for him to marry," said the wife. "He then urinated on me and our baby then left."
The woman said she could remember nothing after this until she woke up in hospital.
Her husband claimed his wife had jumped after he confronted her about working as a prostitute.
When a security guard tried to help, the husband fled - because, he told the court, he was afraid police would arrest him over a number of bounced cheques. He was arrested nearby shortly after.
The Dubai Court of Cassation upheld his jail sentence, fine and deportation order. It also upheld an order for him to pay his wife Dh21,000 compensation.
salamir@thenational.ae
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
The specs
Engine: 1.5-litre 4-cylinder petrol
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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