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Guide to Establishing NFT's Marketplace in the UAE Introduction to NFTs Simply put, an NFT is a non-fungible token. “Non-fungible” basically implies that it's one-of-a-kind and can't be substituted with anything else. A bitcoin, for example, is fungible, meaning you can exchange one for another and get precisely the identical item.…
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Subcontract works under UAE Law Introduction Subcontracting is quite popular in today's construction business. Without engaging third parties with diverse experience and capacities to carry out certain aspects of the works, it would almost likely be unmanageable for one contractor to complete a construction project, especially if the project entails…
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Licensing procedure of Foreign Direct Investments projects in UAE Background of this new development- Prior to the implementation of the FDI law, UAE law stipulated that foreign investors may only own up to 49 percent of a UAE mainland corporation, with several exceptions. One or more UAE nationals or a…
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Impact of Russian Anti-Trust Law Introduction Russia is a large country that spans across eastern Europe and northern Asia. After the collapse of the Soviet Union in December 1991, Russia, once the very first republic of the Union of Soviet Socialist Republics (abbreviated as USSR and previously the Soviet Union) became…
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Explaining Cryptocurrency's Ransomware Problem (USA) Introduction A hacker gains access to a company's computer system and encrypts its data, effectively halting operations. The data is then held captive by the hacker until a ransom is paid. If the demand is for Bitcoin or another cryptocurrency, the victim must open a cryptocurrency…
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Bitcoin & Altcoin Mining What is Bitcoin Mining? Bitcoin mining is the technique of digitally adding transaction data to the blockchain, which would be a publicly distributed database that contains the background of every bitcoin transaction. Mining is a record-keeping procedure that utilizes massive processing power. Each Bitcoin miner across…
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Bankruptcy in Singapore "I declare bankruptcy!" - Michael Scott Whenever an individual becomes unable to pay his/her debts, his/her creditors may choose to file for bankruptcy against him/her. According to Section 61 of the Singapore Bankruptcy Act of 1995, if anyone owes someone may it be an individual or even a company more…
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When it comes to your legal rights, you should never take them for granted. This is especially true in Riyadh, Saudi Arabia, where the law system can be quite complex or different from what you might be used to back home. To make sure that your rights are protected and…
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SCA: Abu Dhabi Stock Exchange- Rules, Regulations, and Procedures Introduction The Abu Dhabi Securities Exchange (ADX) as of now, lists 73 companies. The listed companies include those from the banking, insurance, services, industry & hotels sectors. They include First Abu Dhabi Bank and Etisalat. The following article will cover the…
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Variation to work pertaining to Construction Contracts What is a variation? A variation (also known as a variation instruction, variation order (VO), or change order) is an alteration to a construction contract's scope of work that involves addition, substitute, or omission from the initial scope of work. Almost every construction project…
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Regulations of the pharmaceutical industry in Turkey The Pharmaceutical legislation of Turkey The Code on Pharmaceuticals and Pharmaceutical Preparations No. 1262 (Pharmaceutical Code) is the fundamental piece of legislation that is applied through secondary legislation such as regulations, communiqués, and recommendations to further govern all aspects of the pharmaceutical sector.…
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The Legality of Bitcoins and other Cryptocurrencies The terms Bitcoin & Cryptocurrency remained unfamiliar to the rest of the globe before Satoshi Nakamoto, the unidentified founder of Bitcoin, revealed the Electronic Cash System in late 2008. The idea swept the world's markets like wildfire, and investors all over the world…
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Anti-bribery compliance in Turkey Introduction Corruption is a global phenomenon that affects international commercial dealings. Corruption is a worldwide issue that costs money and lives. It is frequently regarded as a problem that mostly affects poor nations. However, while the harm it causes is magnified in poorer countries, corruption knows…
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Business Closure in the UAE, and How it Must Be Pursued When you decide to close your business in the UAE, you must cancel your business license as well as any related permits. Pretext It is imperative that the relevant government bodies are aware that you are no longer in…
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