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Lawyers in Abu Dhabi
03 Jun 2020

Sweat Equity Shares

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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Lawyers in Dubai
03 Jun 2020

Competition Law in UAE

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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banking lawyers in Dubai
03 May 2020

Transfer of Shares in UAE

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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Financial Lawyers in UAE
02 May 2020

DMCC Company Regulations, 2020

DMCC Company Regulations, 2020 Regulations in the business world are essential and a mechanism to protect workers, public safety, businesses, and investments. However, regulations which are inefficient or inadequate can indeed stifle entrepreneurial activity and business growth which ultimately impacts the ease of conducting business. For instance, it takes about…

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corporate lawyers in Dubai
16 Apr 2020

Short Selling Provisions in EU

Short Selling Provisions in European Union A curious story emerged on 11 April 2017 when a man was charged with planting a bomb under the Borussia Dortmund football club team bus in April. It was initially suspected to be the work of terrorists but the truth was actually much stranger—it…

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Contracting Lawyers in Dubai
06 Apr 2020

MAC Clauses in M&A transactions

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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Lawyers in Dubai
06 Apr 2020

Patent Laws in the UAE 2

Q&A on Patent Laws in the UAE (Part II of II)STA’s renowned Intellectual Property team has progressed with the second series of the Q&A on Patent Laws in the UAE based on popular demand by pundits in the intellectual property sphere. In this questionnaire, the Patent Division under the Intellectual…

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Financial Lawyers in UAE
06 Apr 2020

Side Agreements in UAE

Validity of Side Agreements in the United Arab Emirates A side letter or a side agreement is an agreement that is not part of the primary contract or agreement but is an ancillary to the primary contract. A side agreement is used by parties a contract to confirm additional details…

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Lawyers in Abu Dhabi
05 Apr 2020

Special Purpose Acquisition Company

Special Purpose Acquisition Company One or more private individuals/entities can create a Special Purpose Acquisition Company (SPAC) for the special purpose of acquiring interest in one or more existing companies or businesses by raising capital through an initial public offering (IPO), and therefore, receive profit from such a merger, acquisition…

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Lawyers in Dubai
05 Apr 2020

Joint Ownership of IP

Joint Ownership of Intellectual Property   Introduction Henry David Thoreau said, “the world is a canvas to the imagination.” This is very accurate as ideas are the foundation of any success, business, or personal. Depending on the effort put and the extensive research into the innovation, it is safe to…

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Law Firms in Dubai
02 Mar 2020

Consumer Protection Bahrain and Oman

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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Lawyers in Dubai
01 Mar 2020

Insolvency Law in the UAE

Insolvency Law in the UAE With UAE’s emergence as a global business hub, owing to its flexible economic structure and numerous free zones, financial bankruptcy and insolvency was an issue that plagued investors and individuals. To address this, the UAE introduced Federal Law Number 9 of 2016, otherwise known as…

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Property Lawyers in Abu Dhabi
01 Mar 2020

JAFZA Offshore Companies Regulations

UAE Compan’s Law and JAFZA Offshore Companies Regulations : Key Differences All corporations undergo a development phase that is affected by a range of external factors such as market conditions, economic climate, implications, and new regulations, to name a few. Internal affairs of an organization, the roles and responsibilities of the…

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Lawyers in Dubai
04 Feb 2020

Due Diligence Foreign Law Firms

Due Diligence by Foreign Law Firms of UAE Entities Business transactions around the world often involve mergers, acquisitions or take-overs. Such transactions of the business organizations require thoughtful decisions which ultimately decides the future of the Company. Hence, due diligence holds the key to vital decisions of the economy as…

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