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Law Firms in Dubai
09 Dec 2020

Amendments in Insolvency Law in UAE

Amendments in Insolvency Law in UAE The laws concerning insolvencies of the United Arab Emirates-domiciled companies are fairly recent (the "Bankruptcy Law"). The Bankruptcy Law has been an important step forward and is influenced by features of a number of insolvency laws in other jurisdictions and international insolvency law trends.…

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Lawyers in Dubai
15 Nov 2020

UAE Contracts

UAE Contracts Question Set: Formation of contracts Authority and capacity Question Body: What are the authority/capacity rules for entering contracts? Answer Body Individuals UAE Federal Law Number 5 of 1985 on Civil Transactions Law (Civil Code) allows all individuals to enter into agreements unless they are minors, who do not…

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Lawyers in Abu Dhabi
05 Nov 2020

Hamriyah Free Zone

Hamriyah Free Zone 1. What law established this freezone? The Hamriyah Free Zone was established under Sharjah Emiri Decree No. 6/1995 issued in 12 November 1995 as amended by Sharjah Executive Council Decision No. 1/2000 (the Decree). 2. What are the main internal regulations governing this freezone? The principle regulation…

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Lawyers in Dubai
05 Nov 2020

Fujairah Creative Freezone

Fujairah Creative Freezone 1. What law established this freezone? Fujairah Emiri Decree No. 4/2007 established Fujairah Creative City (FCC). 2. What are the main internal regulations governing this freezone? The Fujairah Free Zone Authority sets the regulations governing FCC Free Zone. 3. Does this freezone have any reciprocal arrangements with…

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Lawyers in Dubai
03 Nov 2020

Winding up of a company in DMCC

Winding up of a company in DMCC DMCC Company Regulations 2020  On 02 January 2020, the Dubai Multi Commodities Centre (DMCC) issued and promulgated the New Company Regulations 2020 ('Regulations'), which were to replace the former DMCC Company Regulations of 2003. They were so reconfigured in order to attain alignment…

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Lawyers in Dubai
02 Nov 2020

bankruptcy legislation on business

Effect of recent bankruptcy legislation on those businesses facing difficulties because of cash flow issues The recent overhaul in the laws governing insolvencies of domiciled companies in the United Arab Emirates (UAE) vide the new UAE Bankruptcy Law (December 2016) ensures that most corporate insolvencies are resolved through the consensual…

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Lawyers in Dubai
03 Sep 2020

Mismanagement by a Manager in a LLC

Mismanagement by a Manager in a Limited Liability Company A limited liability company (LLC) is a form of a company that is subject to the regulations of laws and the governing law for the management of a company in the United Arab Emirates (UAE) is Federal Law Number 2/2015 on…

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corporate lawyers in Dubai
05 Aug 2020

Challenging Expert Appointment in the UAE

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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Lawyers in Dubai
01 Aug 2020

Arbitration in Ras Al Khaimah

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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Lawyers in Abu Dhabi
20 Jul 2020

Regulations for Insurance Brokers in UAE

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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Criminal Lawyers in Dubai
06 Jul 2020

Extradition Treaty of UAE

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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Lawyers in Dubai
04 Jul 2020

IP Issues in Social Media

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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Lawyers in Dubai
05 Jun 2020

Federal Law towards Family Law

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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Financial Lawyers in UAE
05 Jun 2020

Alternative Investment Funds

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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