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Enforcing Foreign Awards in China Requiring forced arbitration agreements limits consumer rights and protections. - Conor Lamb In 1987 the People’s Republic of China sanctioned the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. On 10 April 1987, the Supreme People’s Court of China issued…
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Changes in Bankruptcy law in Australia post 2021 A legal process declaring that one is unable to pay his debts is called Bankruptcy. It can give relief from paying from most of the debts. In Australia, personal insolvency is regulated by The Bankruptcy Act, The Bankruptcy Regulations 2021 and the Insolvency Practice Rules…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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Licensing 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…
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Company Formation in Nigeria "Business opportunities are like buses, there's always another one coming." – Richard Branson Richard Branson's Virgin proved that be it record labels or airlines, where there is a will there is definitely a way. The door might not always be open, but sometimes it's ajar or…
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Foreign Direct Investment in Egypt Egypt Is a party to numerous bilateral investment agreements and multilateral conventions in the world including Convention on the Settlement of Investment Disputes between States and Nationals of Other States (1965), Multilateral Investment Guarantee Agency (1965) and Unified Agreement for the Investment of Arab Capital…
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Software Infringement in UAE Software piracy or violation of a software license, is an illegal action that occurs due to unsanctioned use, distribution, exploitation and/or reproduction of copyrighted software. With the technology roar, it is very fundamental that an economy in its full strength and thrive be able to protect…
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Mutual Fund Regulations For years, it has been pointed out that the majority of funds underperform the market. But not all of them! Well-chosen funds can provide quick and easy exposure to the market's various sectors and industries, lending the portfolio the kind of diversification that can help insulate one…
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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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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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Reciprocating Territory and Superior Court in the Indian Civil Procedurs Code George SK and N. Anand The Ministry of Law and Justice of India has passed a notification on 17 January 2020 in the official Gazette of India declaring United Arab Emirates to be a reciprocating territory in respect with Explanation…
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A Guide to Foreign Direct Investment in India Imagine that you are a child in India during the 1980s. Your uncle, who resides abroad in Switzerland, has come for his vacation and gifts you a goody bag filled with exquisite chocolates such as Lindt, Milka and Toblerone, all of which…
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Amendments to the Canadian Trademarks Act Introduction To Intellectual Property Since the beginning of history, the commercial exchange has been an important sphere of concern for every organized society. Nowadays, the international community is undergoing a surge in international trade relations, manifested in the adoption of several international trade treaties…
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Implications of Brexit on the Businesses in the United Arab Emirates "Brexit", is a blend of words British and Exit and was coined by Peter Wilding. The Oxford English Dictionary in 2016 added Brexit to its volumes and awarded the honour of coining the term to Mr. Wilding. It is…
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