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UAE’s New Digital Assets Law In the rapidly evolving world of finance and technology, digital assets have emerged as a transformative force, reshaping the way we perceive and interact with value. From cryptocurrencies to non-fungible tokens (NFTs), the realm of digital assets is expansive and diverse, bringing forth a myriad…
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India- UAE trade pact I do believe that international trade agreements benefit both nations, always. Phil Knight India - UAE have agreed on a Comprehensive Economic Partnership Agreement. (CEPA) is the most significant bilateral trade pact between the two largest economies. The main objective of this agreement is to bring…
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Oman's New Securities Law (Decree 46 of 2022) "We have seen a systematic erosion of liberty and democracy in Hong Kong. Since the National Security Law was imposed, authorities have cracked down on free speech, the free press, and free association. - Liz Truss, British Foreign Secretary Oman Sultani Decree No.…
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Enforcing Foreign Judgments in Bahrain “To invoke alien law when it agrees with one's own thinking, and ignore it otherwise, is not reasoned decision making, but sophistry.” ― Antonin Scalia, The enforcement of foreign judgments is the acknowledgment and enforcement in one jurisdiction of judgments delivered in another/foreign jurisdiction. Foreign judgments may be acknowledged based on bilateral or multilateral treaties or understandings,…
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Insolvency Regulations in Qatar No one can reasonably deny that Medicare is headed for insolvency, and that Medicare's insolvency, if not rectified, will lead to the federal government's insolvency. — David Limbaugh The bankruptcy regime in Qatar is based on the principles contained in the legislation of many western jurisdictions. Financial institutions see it…
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Abu Dhabi's Strata Law and its Implications “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” - Franklin D. Roosevelt The strata law means…
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Whistleblowing Regime introduced by DFSA “Whistleblowers form a key part of a firm’s ability to detect, identify and escalate issues of misconduct, and the required Whistleblower policies and procedures play an important role in encouraging appropriate disclosures - F. Christopher Calabia, Chief Executive of the DFSA The Regime defines a…
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Intellectual property for Life Sciences: India “The history of patents includes a wealth of attempts to reward friends of the government and restrict or control dangerous technologies.” ― James Boyle In India, Patents are permitted in all fields of technology. The components deciding the patentability of innovation change for various technologies.…
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Dispute Resolution in Qatar "Mediation is one of the most effective tools of nonviolence. It can turn parties away from conflict, towards compromise." - Miroslav Lajcak Qatar adopts a legal system based on the civil-law legal system, substantively and procedurally harmonized with Islamic law. Islamic Sharia is the source of…
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Arbitration Framework at Abu Dhabi Global Markets When will mankind be convinced and agree to settle their difficulties by arbitration? Benjamin Franklin The Abu Dhabi Global Market (ADGM) launched its arbitration centre in 2018. The ADGM arbitration centre is equipped to resolve disputes between parties through mediation or arbitration. The…
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Prior Use of Patented Inventions in India “Patents are not forever, but inventions are”― Kalyan C. Kankanala The word “prior use of patented inventions” is used when the invention underlying a patent application is being used before documenting the patent application. The rights have a common view however at that point…
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Enforcing Foreign Awards in China Requiring forced arbitration agreements limits consumer rights and protections. - Conor Lamb In 1987 the People’s Republic of China sanctioned the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. On 10 April 1987, the Supreme People’s Court of China issued…
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Establishing a Foundation in the UAE “Reliable structure needs a strong foundation and strong foundation requires investment” ― Guru Z.S. Gill UAE Foundations are an integral part of the country’s wealth management system. It is an independent legal entity. Foundations are usually created to protect the desires of the Founder being…
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Development of Blockchain Technology and NFTs in Singapore “I love this stuff - bitcoin, ethereum, blockchain technology and what the future holds”. Abigail Johnson Blockchain technology lays a foundation for many cryptocurrencies. Singapore is rising as one of the leading blockchain development countries in the world. Since the birth of…
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