‘Alice’ Through the Looking Glass “Upon filing a patent claim, your job is merely quarter done.” - Kalyan C. Kankanala Try to make up your mind on the answer to one question before commencing your spell-binding read of this article. Now, the debacle that calls for a response…
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The World Wide War of Brands Once upon a time, there were two large fast food chains X and Y, who were prominent in serving their millions of customers with gourmet burgers. However, the lively competitiveness between them turned bitter when X advertised that their gourmet burgers were fresher and…
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Privacy, a Price Paid for Technology? "The difference between Technology and Slavery is that slaves are well aware that they are not free." - Naseem Nicholas Taleb A study conducted in July 2016 revealed that a significant number of people agreed to the terms of service of a fake…
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Liquidation of Limited Liability Companies in the UAE Introduction: The dawn of 2015 showcased significant developments in the United Arab Emirates when Federal Law Number 2 of 2015 (the Companies Law). This statute amended the major portion of the law governing legal entities in the country’s mainland. The Companies Law…
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Fair Share - An Overview of Insurance Web Aggregators “When action grows unprofitable, gather information” -Ursula K. Le Guin, The Left Hand of Darkness From driverless cars to high-tech drones, mankind reveals an inclination to innovate first and plan later. The internet, for instance, has developed so fast making…
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Be Aware, else Beware Part II of II In the earlier issue, the author discussed forgery under UAE Criminal Laws and other related statutes. We broadly covered – the definition it's different types (material and moral), legal implications of denial and applicability of the law of evidence. We also addressed recent…
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FIDIC in the Middle East - The Must Knows for Industry Players The UAE industry has seldom been ignorant to internationally set standards- that in more than one ways. Originally established as an organization by three founding countries Belgium, France, and Switzerland- today FIDIC, which is an abbreviation…
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The Essence of Financial Crimes 'Rather fail with honor than succeed by fraud." Sophocles On a bright morning in March 2009, Bernard Mardoff pleaded guilty to defrauding his clients of sixty-five (65) billion dollars in one of the largest Ponzi schemes the world has witnessed. The former chairman of Bernard L. Mardoff Investment…
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Registration of Patents in the UAE Frequently Asked Questions Preventing others from unjustly, and without a warrant, commercializing that which you have poured your blood, sweat, and tears into, is one of the functions patents serve to protect innovators from and thereby to open doors to endless opportunities. Patents are…
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The Fine(d) Blend of Bitcoins and Multi-Level Marketing (MLM) 'There are three eras of currency: commodity based, politically based, and now, math based.' - Chris Dixon Let’s keep it simple! Cadberry sells chocolates to its distributors worldwide by a distribution contract signed between Cadberry and its agents. In turn, distributors…
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US Sanctions - An Overview Part II of II STA has been one of the few Middle East law firms that have been advising clients on compliance with OFAC regime, the direct and indirect applicability of various OFAC sanctions besides other bodies such as United Nations, to name a few.…
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UAE's Outbound Investment in India 'Foreign Investment is what keeps the whole show going.' - Patrick Barkey Think about a predicament in which a bank would charge its customers a fee amounting to two-thirds of your deposits for the purpose of handling the finances. Bizarre, some might say! However, this…
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Piercing the Corporate Veil “Nothing can be so unjust as for a few persons abounding in wealth, to offer a portion of their excess for the formation of a company, to play with that excess—to lend the importance of their whole name and credit to the society, and then, should…
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Asset Securitization in the UAE (Part II of II) In part one of our series on Asset Securitization, we defined asset securitization, reinforced its importance and illustrated the ways in which it is used for financing purposes. In fact, asset securitization transactions had evolved centuries back and were also, incredibly pervasive…
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