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Amendments by Federal Law Number 8 of 2019 towards Family Law The Abu Dhabi Statistics Centre (ADSC) had revealed that about 30 percent of the divorces that took place in 2018 in the United Arab Emirates (UAE) was dissolved within the first year of marriage. A total of 5,467 marriage contracts…
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Alternative Investment Funds A CNBC article noted, "With the Stock market bland and the bond market bubbling, investors may have to search elsewhere in the months ahead for return." The investors who are tired of the stock markets wrench and their volatility and who have been continuously looking out for…
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Economic Substance Regulation 2019 and 2020 UAE The UAE Cabinet issued the Cabinet of Ministers Resolution Number 31 of 2019 concerning economic substance regulations in the UAE (the "Regulations") on 30 April 2019. The Regulations require the UAE entities ("Relevant Entities") that carry out any of the activities listed as…
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Sweat Equity Shares Sweat equity shares have proven to be a boon to the corporate world by way of promoting healthy competition and serving as a reward for the employees of the company while at the same time furthering the development of the company. Sweat equity shares are shares that…
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Competition Law in UAE If a certain organization succeeds in overtaking the market by outshining its competitors, then the competitors face abuse of a dominant position which leads to a competitive market being governed by erroneous marketing mechanisms. Such erroneous market mechanisms would also include within its ambit where two…
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Appealing Power: The Power to Appeal Power and responsibility go hand in hand. The power to appeal renders the responsibility to seek justice, and the public prosecutors have been entrusted with such powers to seek appeals in certain civil and criminal matters in the United Arab Emirates (UAE). The courts…
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Regulation Governing Cartels in India: An Analysis In August 2016, the Competition Commission of India (CCI) levied an immense penalty it has levied to date – a whopping 63.2 billion rupees- in the infamous Cement Cartel case. The origin of the Cement Cartel case was a complaint filed by the…
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The Consideration of Coronavirus as a Force Majeure Event As it continues to spread globally, coronavirus (COVID-19) has effectively ensnared the world’s attention and concern by bringing it to a standstill. As of 28th March 2020, the World Health Organization has confirmed 512,701 cases of the virus worldwide and a…
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Transfer of Shares in UAE The governing of transfer of shares in a company is done by Federal Law Number 2/2015 on Commercial Companies Law (CCL) in the United Arab Emirates (UAE). The different types of companies that can be set up under the CCL comprise of a joint liability…
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Criminal Implications of Perjury An Examination of the UAE Penal Code Perjury, the crime of lying under oath, is an offence that derails the fundamental goal of the justice system – the discovery of the truth. Even some notable and influential entities have not been exempt to the consequences of…
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MAC Clauses in M&A transactions In M&A transactions, buyers continuously grapple with the risk of the business ultimately delivered on closing falling short of what the buyer agreed to acquire. The parties negotiate the allocation of the risk between the buyer and the seller; the material adverse change "MAC" provisions…
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Q&A on Consumer Protection and Product Liability in Bahrain and Oman Sources of law Q1. What are the principal legislation and regulation pertaining to product liability? The main areas of law and regulation relating to product liability are: I. Oman Product liability is regulated by the: Consumer Protection Law (Royal…
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Patent Laws in the UAE (Part 1 of 2) Guidance to readers: This is the first part of a two-part series on various aspects of patent law in the United Arab Emirates (UAE) including statutory interpretation, dispute resolution mechanism, judicial authority, patent infringement, enforcement, rights of patent holders, procedural aspects and…
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Public Procurement Law in Kingdom of Saudi Arabia Though it is noteworthy that public procurement is a national activity, it is keenly gauged by international bodies like World Bank, World Trade Organization (WTO) that approximates the contribution of public procurement in GDP up to 10 to 15% signalling public procurement…
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