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Amendments in Jointly Owned Property Law Investments are supposed to be financial decisions. However, in real life, people often make investment decisions emotionally. This is truer of real estate investments. Individuals get emotionally attached to their homes or the idea of owning a home. Hence, they make decisions based on…
Read moreGCC VAT Agreement Introduction Globally the VAT system has been around for a long time. However, for the most part, Arab countries have been operating tax-free in that respect. Over 160 countries around the world have adopted the indirect tax method to reduce the fiscal deficit and facilitate a steady…
Read moreGuide to Establishing NFT's Marketplace in the UAE Introduction to NFTs Simply put, an NFT is a non-fungible token. “Non-fungible” basically implies that it's one-of-a-kind and can't be substituted with anything else. A bitcoin, for example, is fungible, meaning you can exchange one for another and get precisely the identical item.…
Read moreSubcontract works under UAE Law Introduction Subcontracting is quite popular in today's construction business. Without engaging third parties with diverse experience and capacities to carry out certain aspects of the works, it would almost likely be unmanageable for one contractor to complete a construction project, especially if the project entails…
Read moreLicensing procedure of Foreign Direct Investments projects in UAE Background of this new development- Prior to the implementation of the FDI law, UAE law stipulated that foreign investors may only own up to 49 percent of a UAE mainland corporation, with several exceptions. One or more UAE nationals or a…
Read moreExplaining Cryptocurrency's Ransomware Problem (USA) Introduction A hacker gains access to a company's computer system and encrypts its data, effectively halting operations. The data is then held captive by the hacker until a ransom is paid. If the demand is for Bitcoin or another cryptocurrency, the victim must open a cryptocurrency…
Read moreSCA: Abu Dhabi Stock Exchange- Rules, Regulations, and Procedures Introduction The Abu Dhabi Securities Exchange (ADX) as of now, lists 73 companies. The listed companies include those from the banking, insurance, services, industry & hotels sectors. They include First Abu Dhabi Bank and Etisalat. The following article will cover the…
Read moreVariation to work pertaining to Construction Contracts What is a variation? A variation (also known as a variation instruction, variation order (VO), or change order) is an alteration to a construction contract's scope of work that involves addition, substitute, or omission from the initial scope of work. Almost every construction project…
Read moreBusiness Closure in the UAE, and How it Must Be Pursued When you decide to close your business in the UAE, you must cancel your business license as well as any related permits. Pretext It is imperative that the relevant government bodies are aware that you are no longer in…
Read moreEarly Termination of Tenancy Contracts in the UAE Introduction A tenancy contract is a rental agreement between a tenant and the landlord that must be signed before receiving the keys of the real estate property. A tenancy contract is essentially a legally binding agreement that allows the tenants to use…
Read moreUnderstanding Bounced Cheque Laws in the UAE, and Why You Must Honour Them The dishonouring of checks has become a contentious and divisive issue in the UAE's legal landscape, owing to the serious consequences it now entails. In the UAE, Post Dated Cheques (PDC) are the most prevalent mode of…
Read moreIncorporation of a Business (legal impediments) Introduction The formal method of forming a corporation or a company is called incorporation. The resulting legal body, a corporation, is responsible for separating the firm's assets and profits from its owners and investors. Corporations can be formed in virtually every country on the…
Read moreComparison of joint venture laws of India with UAE and Singapore For a long time, one of the main fields of concern for economists all over the world has been the industry. With money on the line, people are always looking for new ways to increase income; whether it's a…
Read moreBrief Overview of Non-Fungible Tokens (NFTs) Introduction Blockchain technology has been growing immensely over the past decade. This explosion urges us to delve deep into the different available options with regards to crypto investment. NFTs are a fairly nascent concept but are rapidly growing therefore, it is imperative for us…
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