Company Formation in Abu Dhabi Global Market The impact of globalization and elimination of trade barriers is considered to be an economic merit that consolidated the domestic markets of the world under one roof. However, there also exists an opposing view to this concept. Some financial pundits have argued that…
Read moreSpecial Purpose Companies or Vehicles (the SPCs or SPVs) are temporary companies set up to achieve a precisely structured financial operation. SPCs provide an alternative mode of financing transactions. Put simply they are subsidiary companies of a parent company, whose assets are protected from the actions of the parent company.…
Read moreThe word 'efficiency' may not mean much for those of you who were absent during economics class in school. It is a term around which the whole concept of economic studies in based. Investopedia[i] defines 'efficiency' as the allocation of resources in an optimal manner to serve a company…
Read moreLegal Responsibility of the New Partner in a Company New and strategic partnerships can be a great way to reinvigorate a dull and lackluster business. This exercise has been carried out several times over the past few years by Fortune 200 companies choosing to partner to establish a stronghold on their market.…
Read moreThe new Takeover and Merger Code of Singapore Our current capitalistic society has created an atmosphere of intense competition. Of course, competition isn’t the worst thing in the world, being one of the most important reasons we get the high-quality products and services that we do. Consumerism is only…
Read moreLiquidation 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…
Read morePost-Closing Transactional vs Ongoing Enterprise Due-Diligence “Diligence is the mother of good fortune.” - Miguel de Cervantes Saavedra Introduction In July 2016, the Australian Securities and Investments Commission (ASIC) stated that it’s review of 12 initial public offerings (10 of which were small and mid-sized companies), found incredibly poor due…
Read moreMedicinal Product Regulation and Product Liability in the United Arab Emirates: An Overview (Part I of II) 1. What are the main legislation and regulatory authorities for pharmaceuticals in your jurisdiction? Response: Applicable Legislation: Federal Law Number 4 of 1983 (Pharmaceuticals Law 1983) governs and applies to: · Pharmacists. · Pharmaceutical establishments.…
Read moreDifferent Strokes for Different Courts In January of 2012, Macy’s, a renowned retail store, decided to sue Martha Stewart for entering into a contract with a rival retail store J.C. Penney, which they claimed breached their own contract with Martha Stewart for exclusive products in 2006. This led to a…
Read moreCompany Formation in Sharjah International Airport Free Zone (SAIF Zone) 1. What law established this Free Zone? Sharjah Emiri Decree Number 2 of 1995 established both the Free zone at Sharjah International Airport and the Sharjah Airport International Free Zone Authority. 2. What are the main internal regulations governing this…
Read moreCommercial Agency Law in Kuwait “Without local guides, your enemy employs the land as a weapon against you.” -Sun Tzu, The Art of War Little did the great Chinese military general, Sun Tzu, know that his guidance on how to wage a war would draw similarities in the today’s commerce…
Read moreRe-MEDIA-ble – A discussion on contracts relevant to Media and Entertainment Industry In this Article, Zisha Rizvi discusses the ongoing trends in the Media and Entertainment Industry within the United Arab Emirates, the status of free zone media houses and a brief on the compliance requirements. “I holly- wood”. On…
Read morePrivate Equity Secondary Buyouts (SBOs) Private Equity (PE) secondary buyouts are often used as exiting strategy for investment besides initial public offerings (IPOs) or acquisitions and also considered as panic sales. In Secondary buy-outs (SBO) a Target which is owned by a PE provider and management is acquired by another…
Read moreDry Cleaning Your Genes ‘The good thing about science is that it’s true whether or not you believe in it’ - Dr. Neil deGrasse Tyson During the early eighties, the member states of European Union recognized the importance of Biotechnology. Whilst the United States had long held a dominating position,…
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