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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…
Read moreRegulations 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.…
Read moreThe 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…
Read moreAnti-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…
Read moreBusiness 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…
Read moreEarly Termination of Tenancy Contracts in the UAE Introduction A tenancy contract is a rental agreement between a tenant and the landlord that must be signed before receiving the keys of the real estate property. A tenancy contract is essentially a legally binding agreement that allows the tenants to use…
Read moreGetting to Grips with Exchange Traded Funds An exchange-traded fund (ETF) is a class of securities that follows an index, market, commodity, or other asset which can be bought and sold on a stock exchange like any other stock. An ETF may be set up to watch anything from a…
Read moreUnderstanding Bounced Cheque Laws in the UAE, and Why You Must Honour Them The dishonouring of checks has become a contentious and divisive issue in the UAE's legal landscape, owing to the serious consequences it now entails. In the UAE, Post Dated Cheques (PDC) are the most prevalent mode of…
Read moreContent Creation and the Digital Millennium Copyright Act’s Applicability Since the introduction of the Digital Millennium Copyright Act (DMCA) in 1998, there have been sweeping changes to the realm of content creation. Understanding the DMCA The Digital Millennium Copyright Act (or DMCA) is a contentious statute passed by the United States…
Read moreE Gaming and its Overarching Legality in the UAE The term "e-Gaming" refers to the entire computer gaming market, which includes everything from video game consoles to PC and smartphone games, as well as internet entertainment platforms and the eSports industry. Likewise, first-person shooter (FPS), multiplayer online battle arena (MOBA),…
Read moreIndia: Liquidated Damages Background: An amount that a contracting party offers to pay or a deposit that he agrees to forfeit if he breaches any promise, and both are technically recoverable or retainable as negotiated penalties if the violation happens, having been arrived at through a good faith attempt to…
Read moreSoftware Patent Introduction The digital economy's backbone is technology, and software accounts for a significant portion of its importance. In fact, the software is becoming increasingly important in all economic sectors as a means of leveraging productivity. Intellectual property (IP) regulations would be affected significantly as a result of this. …
Read moreCompensation in a Force Majeure Event Introduction Before considering any remedies, contractors might have steps, they may take to mitigate costs, it is necessary to first understand the definition of force majeure as defined by UAE jurisprudence and the different elements attached to it. When it comes to force majeure,…
Read moreRegulatory framework of mergers in Russia The Russian merger control does not differ substantially from its counterpart’s country in Europe and North America. In general, it is investor-friendly, and the risk of not obtaining compensation is rarely cited as the reason for not proceeding with a trade. However, the Russian…
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