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Legal matters can be stressful for many people. Lawyers in UAE know the ins and outs of the law, but they also have other skills that make them well suited to handle various legal needs. Lawyers are trained and experienced with contracts, real estate transactions, family law cases, civil litigation…
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ADGM Enacts New Data Protection Regulations Introduction On 11 February 2021, the Board of Directors of the Abu Dhabi Global Market, in the exercise of its powers under Article 6(1) of the Law No.4 of 2013 concerning the ADGM issued by His Highness the Ruler of the Emirate of Abu…
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Amendments in Jointly Owned Property Law Investments are supposed to be financial decisions. However, in real life, people often make investment decisions emotionally. This is truer of real estate investments. Individuals get emotionally attached to their homes or the idea of owning a home. Hence, they make decisions based on…
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GCC VAT Agreement Introduction Globally the VAT system has been around for a long time. However, for the most part, Arab countries have been operating tax-free in that respect. Over 160 countries around the world have adopted the indirect tax method to reduce the fiscal deficit and facilitate a steady…
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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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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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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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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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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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Early 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…
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Understanding 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…
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