Mortgage of Movable Assets The enactment of UAE Federal Law Number 20 of 2016 Concerning Mortgaging of Movable Properties as Security for Debts (the New Law) is a milestone towards the UAE government’s initiative to bring positive changes in UAE’s mortgage law. In parallel to the recent laws on commercial…
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CLAIMING DEMURRAGE FOR UNRETURNED CONTAINERS A Case Study Time and tide wait for none. The earliest acknowledged record of this proverb is by St. Marher in 1225; however, the actual origin of this saying cannot be certainly determined. St. Marher had stated that ‘te tide and te time þat tu…
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Piracy and its Consequences The digital age has undeniably provided us with many benefits that we use on a daily basis. With the internet and the ability to communicate globally and share information with only a click of a button, the human reach can go beyond political borders. However, one unfortunate…
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Overview 1. What are the recent developments in the exploration and extraction of mineral resources in the United Arab Emirates? Response: Mineral resources in the United Arab Emirates (the UAE) are separated into three essential classifications: rocks; sands and soil; and metals. The exploration and exploitation of minerals are only confined to…
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Marketing Foreign Funds in the UAE “There are two times in a man’s life when he shouldn’t speculate: when he can’t afford it and when he can.” – Mark Twain The world of financial markets and investments often induce reserved and divergent responses from the common man. Investing options are…
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Project Finance – Q&A – Practical Guide - UAE What are the key difference in the legislation in the UAE and other key international jurisdiction? In comparison with other jurisdictions, the laws regulating project financing in UAE are not stringent. The Federal Law Number 18 of 1993 concerning the Commercial…
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Speedy Criminal Justice in Dubai William E. Gladstone once said in a public gathering that ‘justice delayed is justice denied.' But neither the person nor the concept was new to the anxious crowd. Regarding the person, Mr. Gladstone has served as the Prime Minister of United Kingdom more times than…
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TECHNICAL ASPECTS OF AIRCRAFT LEASING (Part 1 of 2) In the first issue of this two-part series, aviation lawyers at STA discuss the types of aircraft leasing and the legal aspects therewith. Our attorneys have on many occasions advised clients on the legalities surrounding different types of aircraft leasing and…
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GUIDE TO OFF-PLAN PROPERTY LAWS IN ABU DHABI Previously, laws concerning off-plan property sales in Abu Dhabi was a legal blind-spot that caused ambiguity and failure in securing the interests of the investors. However, the establishment of Law Number 3 of 2015 on the Regulation of Real Estate Sector in…
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VAT REGISTRATION in the UAE ‘The Federal Tax Authority has announced the time-limit for companies to register for VAT in the UAE.’ Companies should register for VAT before 31 October 2017. The Federal Tax Authority (the Authority) recently announced that companies and MNCs with a turnover exceeding UAE Dirhams one…
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DIPLOMACY AND INTERNATIONAL COURT OF JUSTICE: AN ANALYSIS (Part I of II) ‘Peace comes at a price. And that price is diplomacy. We may all know who is paying the price, but sometimes, we cannot comprehend the amplitude of the price paid.’ {C}- International Relations Department, STA Law Firm The…
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Da Ta Da - Fair Dealings & Copyright Laws Have you ever bumped into someone when walking on the street because you were using your phone? Or maybe you tried to stifle your laughter when you saw someone else hit a pole or a glass window because they were so…
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Mr. DEBT’s hello to Mr. DAMAGE: Case Analysis on Freight Industry Suppose an individual has borrowed a specific sum of money against an asset of a reciprocal value as security. However, the debtor fails to fulfill his obligation; and subsequently, the creditor exercises his lien and disposes of the former’s…
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Boarding Complete: An Islamic Rendering Part II of II In our previous issue, we discussed the Shariah principles of ijara, simple ijara, ijara wa iqtina, ijara mawsufa fi al dimmah, istisna’a, and how ijara and mawsufa fi al dimmah work. Our attorney’s had detailed the different types of leasing provided…
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