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Challenging Expert Appointment in the UAE The appointment of an expert in UAE (United Arab Emirates) can be challenged on the basis that the expert failed to carry out his duties in an impartial manner or without prejudice to either one of the parties. The expert appointed has to at…
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Non-payment of Service charges in Dubai and Abu Dhabi The Real Estate Regulatory Agency ("RERA") issued a notice in April 2020, stating that the homeowners in Dubai who defaulted on 2019 service charge payments will have their fines waived. But did this mean that the waiver would extend to 2020…
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External Commercial Borrowings (ECBs) in India Within a narrow span of two years, foreign debt more than doubled, as domestic lenders adopted a cautious stance upon considering the fallout of a liquidity crisis, and as India's Central Bank eased rules for using overseas borrowings. As depicted by the data of…
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Competition Law in Bahrain “The heart of our national economy long has been faith in the value of competition” -Standard Oil Co. v. FTC, 340 U.S. 231, 248, 71 S. Ct. 240 (1951) Firms conducting anti-competitive behavior may find their agreements to be unenforceable and risk being fined for particularly…
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Procedural Overview onto the rules of arbitration at the Ras Al Kamiah Reconciliation and Commercial Arbitration Center Although a dispute may be resolved through court litigation, the parties in the new era are increasingly submitting their disputes for mediation, arbitration or any other Alternative Dispute Resolution (“ADR”). Since a long…
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Since the middle of the twentieth century, the medical profession has demonstrated an increase in the incidence and severity of medical liability lawsuits. Some are of the opinion that the rise in litigation is useful as learning from errors makes healthcare safer for the community and aids in holding…
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Five Landmark Jugement on Cross Border Arbitration in India The world has become a global village with the advent of globalization. Business organizations have expanded themselves across and beyond borders leading to an increase in cross-border transactions. Agreements and contracts executed between commercial organizations many times go ugly, thus, giving…
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Regulations Governing Insurance Brokers in the UAE An Insurance Broker is defined under Federal Law Number 6 of 2007 (in respect of the establishment of the Insurance Authority and Regulating the Insurance Practice) as: “The person mediating independently in insurance or reinsurance operations between the insurance/reinsurance applicant on one hand…
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Microfinancing: A Global Purview Microfinancing can be categorized as financial services that target small businesses and individuals by providing them loans, savings or checking accounts amongst other things in order to provide them access to unconventional methods of banking and associated services. This aids in rendering self-sufficiency for particularly marginalized…
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Enforcing UAE Judgments in Egypt The United Arab Emirates (UAE) has entered into a cooperative arrangement with Egypt known as the 'Legal and Judicial Cooperation Agreement between the UAE and the Arab Republic of Egypt' in the year 2000. This arrangement governs the reciprocal enforcement of judgments between UAE and…
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Asset Management Regulations in UAE The asset management sector within the United Arab Emirates (UAE) is responsible for sustainable growth of financial sectors that aids in overseeing financial services and investment regime spread out across the seven Emirates. Investment management or asset management can be broadly apportioned into three sectors…
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Extradition Treaty of UAE In International Law, extradition is when one state (Requesting state) requests another state (Requested state), to effect the return of a person for trial for a crime punishable under the Requesting state's laws and committed outside the Requested state (state of refuge). The extraditable person could…
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Health Insurance Oman The sharp sell-off in global oil prices that began in mid-2014 triggered an economic slowdown across the Gulf Cooperation Council (GCC) states, with enormous consequences for many sectors, including the health insurance industry. Despite this unexpected turmoil, however, significant changes in government health insurance regulations and rising…
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IP Issues in Social Media Content During the Congressional questioning of Mark Zuckerberg, CEO of Facebook, in April 2018, Zuckerberg said: “Every piece of content that you share on Facebook, you own, and you have complete control over who sees it and … how you share it, and you can…
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