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Law Firms in Dubai
09 Dec 2020

Amendments in Insolvency Law in UAE

Amendments in Insolvency Law in UAE The laws concerning insolvencies of the United Arab Emirates-domiciled companies are fairly recent (the "Bankruptcy Law"). The Bankruptcy Law has been an important step forward and is influenced by features of a number of insolvency laws in other jurisdictions and international insolvency law trends.…

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Lawyers in Dubai
09 Dec 2020

Income Tax Act– Singapore

Amendment of Income Tax Act– Singapore What is the Tax System in Singapore? The tax revenue collection in Singapore includes corporate tax, personal tax, Goods & Services tax, and property tax. The tax system in Singapore is one which many countries thrive on echoing as it is known for being…

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Lawyers in Dubai
07 Dec 2020

Dubai Financial Support Fund

Amendment of Dubai Financial Support Fund Law Number 10 of 2019 (the “New Law”), partially amended Law Number 24 of 2009 on the establishment of the Dubai Financial Support Fund, was issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates.…

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Lawyers in Dubai
06 Dec 2020

Termination of Sale Purchase Agreement

Termination of Sale Purchase Agreement in the UAE Introduction  A Sale and Purchase Agreement (SPA) is a widely used contract/agreement in business transactions. It is predominantly used in the land department. It is beneficial, and a vital necessity that people looking to settle or finalize a deal of either property…

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Lawyers in Dubai
06 Dec 2020

Artificial Intelligence Criminal Justice System

Artificial Intelligence & The Criminal Justice System Introduction  As Stephen Hawking once said, “Artificial Intelligence is either the best or the worst thing to happen to humanity.” The fact that the system is constantly evolving and learning from our routine behavior allows it to adapt and become a sophisticated technology…

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Lawyers in Abu Dhabi
06 Dec 2020

Crypto Asset Exchange – Bahrain

Crypto Asset Exchange – Bahrain Introduction Cryptocurrencies gained traction all across the world since its inception, considering this growth in popularity and use, industry experts, praise its potential. This digital currency went from being a mere concept to virtual reality. In the Gulf Region, Bahrain and Abu Dhabi are a…

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Lawyers in Dubai
03 Dec 2020

Autonomous Machine Testimony

Autonomous Machine Testimony Smart objects have taken over our homes, workplaces and communities, and over the coming decades, the volume of legally admissible data from these devices is likely to be more. The new culture is to have voice-activated technology as digital assistants, smart appliances, and personal wearable devices.  Lawyers…

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Lawyers in Dubai
30 Nov 2020

Doing Business in Abu Dhabi 2021

Doing Business in Abu Dhabi 2021 Enforcing Contracts Questionnaire 1.Case Study Assumptions Two domestic companies - Seller and Buyer - conclude a contract for the sale of some custom-made goods. Further to such contract, Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, custom-made furniture. Upon…

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Lawyers in Dubai
15 Nov 2020

UAE Contracts

UAE Contracts Question Set: Formation of contracts Authority and capacity Question Body: What are the authority/capacity rules for entering contracts? Answer Body Individuals UAE Federal Law Number 5 of 1985 on Civil Transactions Law (Civil Code) allows all individuals to enter into agreements unless they are minors, who do not…

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Property Lawyers in UAE
08 Nov 2020

Mortgage Agreements in KSA

Mortgage Agreements in the Kingdom of Saudi Arabia As per the New Commercial Mortgages Law promulgated in the Kingdom of Saudi Arabia on 24 April 2018, the mortgage arrangement is anchored in a fixed debt that is promised to be amortized, or an item guaranteed under the debt or outstanding…

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Lawyers in Dubai
08 Nov 2020

Legislation Commentary on Federal Law

  Legislation Number Federal Law Number 5 of 2012 Concerning Combating Information Technology Crimes (Cyber Crimes Law) Date of publication in the Official Gazette 13 August 2012 Jurisdiction The United Arab Emirates Related Legislation   Federal Law Number 12 of 2016 amending Federal Law Number 5 of 2012 on Combating…

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Lawyers in Dubai
05 Nov 2020

Fujairah Creative Freezone

Fujairah Creative Freezone 1. What law established this freezone? Fujairah Emiri Decree No. 4/2007 established Fujairah Creative City (FCC). 2. What are the main internal regulations governing this freezone? The Fujairah Free Zone Authority sets the regulations governing FCC Free Zone. 3. Does this freezone have any reciprocal arrangements with…

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Lawyers in Dubai
04 Nov 2020

Dubai Media City Freezone

Dubai Media City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free Zone…

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Financial lawyers in Dubai
04 Nov 2020

Dubai Internet City Freezone

Dubai Internet City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free Zone…

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