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Employment Laws in UAE
07 Mar 2021

Redundancy under Labor Laws in UAE

Redundancy under Labor Laws in the UAE The primary legislation regulating workplace relations in the United Arab Emirates is Law Number 8 of 1980 on labor relations, as revised by Federal Laws Number 24 of 1981, Number 15 of 1985, Number 12 of 1986, Number 8 of 2007 and Number…

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Lawyers in Abu Dhabi
03 Mar 2021

Smart Contracts and Blockchains

Smart Contracts and Blockchains Smart Contracts, the anchored scripts on blockchains, permit the transparent execution of predefined processes. Using smart contracts, assets like money become programmable, which opens up previously inaccessible application potential. Smart contracts are exceptionally effective and control billions in value. Popular now, however, invented in 1994, when…

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Lawyers in Abu Dhabi
03 Mar 2021

Legal Entitlement to Interest-UAE Law

Legal Entitlement to Interest under UAE Law, and applicability "Interest on debts grow without rain."                                                          -Yiddish Proverb Paying off the debt is…

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Financial Lawyers in UAE
20 Feb 2021

Environment 2020

Environment 2020 1. What is the main legislation governing contamination of land in this jurisdiction? What are the main penalties and how is liability determined? Bahrain Ministerial Order No. 21/1996 with respect to the Environment governs the issue of land contamination. Land is effectively protected by the prevention of indiscriminate…

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Financial Lawyers in Dubai
15 Feb 2021

Establishing Policies for Blockchain Technology

Establishing Policies for Blockchain Technology Introduction Blockchain can be considered as a breakaway technology and is currently a hot topic that has been the subject of numerous studies across various industries. Blockchain is briefly defined as a shared ledger database that records and shares every transaction that occurs in the…

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corporate lawyers in Dubai
15 Feb 2021

Business Exit Strategy Family Business

Business Exit Strategy for a Family-Owned Business Introduction  Companies like Walmart in the US and Reliance in India are some really successful examples of family-owned businesses. However, family and business are two parallel worlds that should ideally never meet. Operating a family business comes with its own challenges and results…

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Criminal Lawyers in Dubai
15 Feb 2021

Legality of Backdating Contracts

The Legality of Backdating Contracts Introduction  The “contract date”, seemingly a very basic concept, can contribute to some problems and confusion among parties contracting therein. The main issue that parties may face is regarding the interpretation of the dates mentioned in the contract. There are essentially three types of dates…

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Lawyers in Abu Dhabi
15 Feb 2021

Duress in Contract Law

Duress in Contract Law In UAE, all legal aspects in regards to contractual related issues are encapsulated under the UAE Civil Code and the UAE Commercial Code. It is difficult to establish between illegitimate and legitimate duress as in regards to commercial contracts, a certain level of duress is expected…

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Financial Lawyers in UAE
03 Feb 2021

Tri-Party Agreement & their Implications in UAE

Tri-Party Agreement and their Implications in the UAE What is a Tri-party Agreement? It is an agreement between three parties. In other words, when three-parties has an intention to do the things on which they have agreed. The Tri-parti agreement usually happens in financial transactions. As per the Article 125…

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Lawyers in Dubai
03 Feb 2021

Transfer Pricing Regulations in Middle East

Transfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…

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Lawyers in Abu Dhabi
20 Jan 2021

Avoidance of Double Taxation – UAE India

Avoidance of Double Taxation (DTAA) – UAE & India Introduction  Benjamin Franklin once said, there are two things you cannot avoid; death and taxes. In a country like the UAE, where tax is almost invisible, corporate tax is levied on oil companies and foreign banks as part of the corporate…

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banking lawyers in Dubai
09 Jan 2021

Offering Crypto-Assets in UAE

Regulations for Issuing and Offering Crypto-Assets in UAE (ICARs) Introduction  Over the past decade, the financial technology market has evolved substantially. With the introduction of cryptocurrencies, policymaker and framers of legislations find the need to implement legislation that will help regulate this growing market. Since cryptocurrencies operate beyond the banking…

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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

Inchoate crimes-criminal responsibility

Inchoate crimes and criminal responsibility Introduction  As a general rule, criminal codes punish all those criminal acts preceding the commission of a crime. The liability hereunder is determined by the intention to commit the crime. It is to be kept in mind that, merely thinking about committing a crime does…

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