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Decree Number 34 of 2021 and Arbitration in Dubai “Arbitration is justice blended with charity.” – Nachman of…
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KSA Data Protection Law and Recent Updates The Mid East's safety regulatory process is complex, and it generally is becoming fairly more so with the publication of Saudi Arabia's (KSA) Personal Data Protection Law (PDPL). Whereas the PDPL integrates the primary functionality of contemporary records safety laws, it mostly is…
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Evolution of Fintech in the Middle East “The major winners will be the financial services companies that embrace technology.” With a population of about 600 million people, the Middle East is one of the world's most diverse areas, covering three continents and 21 countries. It is a culturally, politically, and…
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Buy Now, Pay Later (BNPL) offerings in the UAE and Legalities Surrounding them In these times of economic instability, and as the coronavirus continues to wreak havoc worldwide, buy-now-pay-later (BNPL) solutions are eclipsing credit cards more conveniently and transparently to fund transactions. E-commerce has developed over the last two years,…
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Play to Earn and NFT Gaming War – Key Legal Considerations There has been a significant Collison between the worlds of crypto and video games. The amalgamation of the two is called "play to earn"; it is further a part of the "web3" movement. The collision of the two could…
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NFTs and Intellectual Property Non-fungible Tokens (NFTs) have been extremely popular recently, following the significance garnered with the cryptocurrency community in 2017, with some selling for substantial amounts at auctions. They possess multiple uses, from the ability to enhance innovation as well as generate significant proceeds for both creators and…
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Dealing with Counterfeit in the UAE Introduction Businesses engaging with counterfeit items in the UAE now risk significantly harsher sanctions, again for legitimate brand owners. The maximum punishment for counterfeiting has been increased from AED 10,000 (about USD 2,700) to AED 1 million (approximately USD 275,000) for pharmaceutical and food…
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Enforcing Foreign Judgments in Qatar "Law is the embodiment of the moral sentiment of the people." - William Blackstone. During recent years, the expansion of international commercial transactions has increased the disputes involving foreign elements. Some conflicts are settled amicably, and some arguments are settled in courts. In both cases,…
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Foreign Direct Investment in Qatar: A Guide The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future. - John Maynard Keynes. Foreign direct investment in Qatar has shown an upward trend during the past years. The country's political stability,…
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Enforcing Trademarks in the Kingdom of Saudi Arabia “A great trademark is appropriate, dynamic, distinctive, memorable, and unique.” – Primo Angeli Introduction Common law rights are not recognized under Saudi Arabian law. Trademark rights can only be obtained through registration. The only exception is well-known trademarks that are recognized as…
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Arbitration in Bahrain and Enforcement of Arbitral Awards in Bahrain Arbitration rules enacted by The Kingdom of Bahrain In 2009 make it the primary united states within the globe to create the equal of a loose exchange quarter for arbitration. That rules, Legislative Decree No. 30(The Decree), offers events to…
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Decree 34 of 2021 and its impact on arbitration Decree No. 34 has been issued on Sept. 14, 2021, and took effect on September 20, 2021. The Decree canceled two arbitration organizations in Dubai: I the Arbitration Organization of the Dubai International Financial Centre ("DIFC"), which included the DIFC-LCIA arbitration…
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Federal Decree-Law Number 16 of 2021 on Factoring and Transfer of Civil Accounts Receivable The Government of the United Arab Emirates has recently brought in the Federal Decree-Law Number 16 of 2021 to deal with issues regarding the Factoring and Transfer of Accounts Receivable within the country. The New Law…
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Crypto Asset Regulation in the UAE - A Guide The sphere of crypto assets is continuously evolving in all spheres in the global area. The terminology is simultaneously advancing with terms such as crypto assets, cryptocurrencies, security tokens, etc. The regulation of these crypto-assets is a matter of frequent discussion…
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