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Financial Lawyers in UAE
09 Jan 2021

Securing Interest over Movable Assets

UAE: Federal Law Number 4 of 2020 on Securing Interest over Movable Assets  Introduction  Federal Law Number 20 of 2016 concerning mortgage of movable properties has been repealed and replaced by the introduction of Federal Law Number 4 of 2020 on securing interest over movable assets. It is imperative to…

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Criminal Lawyers in Dubai
07 Jan 2021

Concealment of Assets in Bankruptcy

Concealment of Assets in Bankruptcy Introduction  A businessman's business is basically his baby; the decision of going through the process of bankruptcy is probably the most difficult decision that a company has to make throughout its lifetime. Everyone involved in the procedure, be it, the debtors or creditors are losers…

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Lawyers in Dubai
17 Dec 2020

Amendment to the Companies Law on LLC

UAE: Effect of the Amendment to the Companies Law on LLCs Introduction The UAE government has recently amended Federal Law Number 2 of 2015 (hereinafter referred to as “old law”) by issuing Federal Decree-Law Number 26 of 2020 (hereinafter referred to as “new law”). The introduction of this amendment has…

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Lawyers in Dubai
09 Dec 2020

Doing Business in Ras Al Khaimah 2021

Doing Business in Ras Al Khaimah 2021 Enforcing Contracts Questionnaire 1.Case Study Assumptions Two domestic companies - Seller and Buyer - conclude a contract for the sale of some custom-made goods. Further to such contract, Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, custom-made furniture.…

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Lawyers in Abu Dhabi
09 Dec 2020

Enforcement of New York Convention Awards in the UAE

Enforcement of New York Convention Awards in the UAE Introduction  Arbitration clauses are becoming more and more prominent in corporate agreements, the reason behind this is the ease with which disputes can be dealt with as compared to the traditional court system. In any case, a corporation may find that…

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Property Lawyers in Abu Dhabi
09 Dec 2020

Confidentiality in International Arbitration

Confidentiality in International Arbitration Introduction  Confidentiality is the essence of trust, which is why individuals, corporations and even government bodies resort to Arbitration. Confidentiality is attractive to litigants internationally for a myriad of reasons, like freedom of making arguments which would not normally be made at a public forum, or…

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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
07 Dec 2020

Dubai Financial Support Fund

Amendment of Dubai Financial Support Fund Law Number 10 of 2019 (the “New Law”), partially amended Law Number 24 of 2009 on the establishment of the Dubai Financial Support Fund, was issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates.…

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Lawyers in Dubai
06 Dec 2020

Artificial Intelligence Criminal Justice System

Artificial Intelligence & The Criminal Justice System Introduction  As Stephen Hawking once said, “Artificial Intelligence is either the best or the worst thing to happen to humanity.” The fact that the system is constantly evolving and learning from our routine behavior allows it to adapt and become a sophisticated technology…

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Lawyers in Dubai
03 Dec 2020

Autonomous Machine Testimony

Autonomous Machine Testimony Smart objects have taken over our homes, workplaces and communities, and over the coming decades, the volume of legally admissible data from these devices is likely to be more. The new culture is to have voice-activated technology as digital assistants, smart appliances, and personal wearable devices.  Lawyers…

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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 Dubai
08 Nov 2020

Legislation Commentary on Federal Law

  Legislation Number Federal Law Number 5 of 2012 Concerning Combating Information Technology Crimes (Cyber Crimes Law) Date of publication in the Official Gazette 13 August 2012 Jurisdiction The United Arab Emirates Related Legislation   Federal Law Number 12 of 2016 amending Federal Law Number 5 of 2012 on Combating…

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Lawyers in Dubai
03 Nov 2020

Securities Lending and Borrowing Regulations

Securities Lending and Borrowing Regulations as per Dubai Financial Market The Securities Lending and Borrowing (SLB) refer to a temporary arrangement of a loan of securities by a lender or a borrower. In this arrangement, the borrower is entitled to return securities at any time, and the lender may recall…

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Lawyers in Dubai
02 Nov 2020

Respiratory Laws and Regulations in UAE

Respiratory Laws and Regulations in UAE The United Nations Environment Programme (UNEP) celebrates June 5, 2019 as World Environment Day. Interestingly, the theme of this year’s World Environment Day was “Air Pollution”. The day is significant as the UN body attempts to draw the world’s attention towards the imminent danger…

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