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Property Lawyers in Abu Dhabi
04 May 2022

Force Majeure Events and Contract Clauses in GCC

Force Majeure Events and Contract Clauses in the GCC Force Majeure is a French word that means a greater force in English. It is connected to the concept of the Act of God, where there is an unexpected happening of event.  Although, Force Majeure is an exception as it includes not…

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Financial Lawyers in UAE
04 Apr 2022

Recent Update to Hong Kong’s Listing Rules

Recent Update to Hong Kong’s Listing Rules The Stock Exchange of Hong Kong Ltd. published a consultation paper on reviewing the Corporate Governance Code and Related Listing Rules in April 2021. The primary focus of the consultation paper was to instil changes in the mindset of an issuer's board, incentivize…

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Lawyers in Abu Dhabi
03 Apr 2022

The impact of Pandora papers

The impact of Pandora papers Pandora paper is a journalistic investigation based on a major leak of about 12 million archives revealing the uncovered wealth, illegal tax avoidance and money laundering by some of the world’s richest and most influential people. It is the cooperation of more than 600 journalists…

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Lawyers in Abu Dhabi
07 Mar 2022

Inheritance Law in the UAE

Inheritance Law in the UAE “A leader’s lasting value is measured by succession.”                                                                          …

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Lawyers in Abu Dhabi
07 Mar 2022

ADGM Regulations for SPVs and Foundation

ADGM Regulations for SPVs and Foundation “Regulation needs to catch up with innovation” The ADGM's Registration Authority published a consultation document in October proposing a regulatory regime for the use of CSPs in the ADGM. The public consultation began against the backdrop of rising interest in and success with incorporating…

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Lawyers in Abu Dhabi
07 Mar 2022

ADGM Data Protection Rules 2021-2022

ADGM Data Protection Rules 2021-2022 “Availability of protection ensures reliability and timely access to data and resources to authorized individuals.” Organizations must emphasize educating about their responsibilities under the new ADGM Data Protection Regulations, conducting a disparity test to find whether their current systems are vulnerable or appropriate, considering any…

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Financial Lawyers in UAE
02 Feb 2022

Evolution of Fintech in the Middle East

Evolution of Fintech in the Middle East “The major winners will be the financial services companies that embrace technology.” With a population of about 600 million people, the Middle East is one of the world's most diverse areas, covering three continents and 21 countries. It is a culturally, politically, and…

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Law Firms in Dubai
02 Feb 2022

Buy Now Pay Later offerings in UAE

Buy Now, Pay Later (BNPL) offerings in the UAE and Legalities Surrounding them In these times of economic instability, and as the coronavirus continues to wreak havoc worldwide, buy-now-pay-later (BNPL) solutions are eclipsing credit cards more conveniently and transparently to fund transactions. E-commerce has developed over the last two years,…

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Criminal Lawyers in Dubai
02 Feb 2022

Dealing with Counterfeit in the UAE

Dealing with Counterfeit in the UAE Introduction Businesses engaging with counterfeit items in the UAE now risk significantly harsher sanctions, again for legitimate brand owners. The maximum punishment for counterfeiting has been increased from AED 10,000 (about USD 2,700) to AED 1 million (approximately USD 275,000) for pharmaceutical and food…

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Law Firms in Dubai
01 Feb 2022

Decree 34 of 2021 its impact on arbitration

Decree 34 of 2021 and its impact on arbitration Decree No. 34 has been issued on Sept. 14, 2021, and took effect on September 20, 2021. The Decree canceled two arbitration organizations in Dubai: I the Arbitration Organization of the Dubai International Financial Centre ("DIFC"), which included the DIFC-LCIA arbitration…

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Financial Lawyers in UAE
05 Jan 2022

Factoring and Transfer of Civil Accounts Receivable

Federal Decree-Law Number 16 of 2021 on Factoring and Transfer of Civil Accounts Receivable The Government of the United Arab Emirates has recently brought in the Federal Decree-Law Number 16 of 2021 to deal with issues regarding the Factoring and Transfer of Accounts Receivable within the country. The New Law…

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Lawyers in Dubai
05 Jan 2022

Crypto Asset Regulation in the UAE

Crypto Asset Regulation in the UAE - A Guide The sphere of crypto assets is continuously evolving in all spheres in the global area. The terminology is simultaneously advancing with terms such as crypto assets, cryptocurrencies, security tokens, etc. The regulation of these crypto-assets is a matter of frequent discussion…

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Lawyers in Abu Dhabi
05 Jan 2022

UAE to Join Madrid System in December 2021

UAE to Join Madrid System in December 2021, Understanding the implications The Government of the United Arab Emirates has declared its move to join the Madrid Protocol System, which will come into force on the 28th of December 2021. The move indicates the UAE becoming the 109th country globally and…

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Lawyers in Dubai
04 Jan 2022

Enforcement of Arbitral Awards in UAE

Enforcement of Arbitral Awards in UAE Enforcement is agreeing with a contract with an appropriate dispute resolution mechanism. The UAE introduced federal Law No.6 of 2018 on Arbitration in 2018. It clarifies the procedures to challenge the enforcement of an arbitral award before the onshore UAE courts. The arbitration law…

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