There is a severe need for consistency in the market dealing with publicly traded securities as rapid advancements in the legal diaspora can add unwitting complexity to the requirements of the debtors. If the contracts between borrowers and lenders do not outline distinct covenants which comply with the local laws…
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Construction Insight: The sight of a rainbow in the middle of a desert is a rather recherché glimpse. The United Arab Emirates, however, is not a conventional desert panorama come true. Take for example the construction industry in the region. There is an interesting mix of cultures…
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I'm sure someone has told you, "I have an idea"! And when someone has an idea that is (or is believed to be) great’ the question is - how can they protect it? But did you know that an idea cannot be protected under the copyright law? Or did you…
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Having discussed Arbitration in the UAE in Court Uncourt Volume I, we shall now turn to Arbitration procedures in other GCC countries. Nonchalant observation of creatures such as birds, cats, dogs, and primates distinctly characterizes the fact that dispute and dispute resolution are not concepts confined to the human…
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Agreeing with your spouse to reimburse him or her after a shopping trip? A contract. Buying a plane ticket? A contract. Signing an offer letter from an employer who has offered you a job? A contract. A multi-page complex document laying out the terms and conditions of a high-value corporate…
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UKBA vs Bribery and Corruption According to ex-UK Secretary of State for Justice Kenneth Clarke, “Bribery blights lives… The wider victims are government and society, undermined by a weakened rule of law and damaged social and economic development. At stake is the principle of free and fair competition, which…
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For a variety of reasons, it is highly likely that most people’s instincts would incite them to answer “no”! However, if we peruse UAE legal texts we will find that actually, in most cases, the answer will be “yes”! Litigation is one of the basic rights guaranteed by most world…
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In his book “An Inquiry into the Nature and causes of the Wealth of the Nations”, economist and philosopher Adam Smith conceptualize the idea that thriving economies are the consequence of competitive markets. He discusses how competition advances innovation, product efficiency and encourages lower prices, and contends that there must…
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Abu Dhabi, the capital of UAE is the striking example of change and exemplary growth. The visionary thinking and the aim to diversify its oil-based economy has led the Abu Dhabi government to conceive Vision 2030. Abu Dhabi’s Vision 2030 is a comprehensive plan to optimize the development of the…
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Control of the Media in UAE Law If the head of STA was to look at the internet tabs open on our computers right now he’d wonder if we had done any work today, with Facebook, BBC News, The National, Buzz feed, the Financial Times and various national publications from…
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Liabilities of the Bail Guarantor under the UAE Criminal Law We’ve all seen the images of prisoners arriving at court for their hearings, seated in high-security vehicles with small circular windows, with photographers clamoring for a prime position in order to take photographs through the glass. However, not all defendants…
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Reforms in Police Cases against UAE Nationals and Foreigners If you think about it, “bounced” is a strange choice of word to apply to a failed cheque. “Bounce” implies lively, rejuvenated, excitable, energetic – a collection of adjectives which certainly wouldn’t fit your mood in the instance of a bounced…
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Headache? Perhaps you’d take paracetamol. Upset stomach? Maybe an indigestion pill. Cold or flu? You might consider anti-congestant medication. In the United Arab Emirates, such pharmaceuticals are easy to come by, with the majority of people likely to have a supply already to hand in their purses or bathroom cabinets.…
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The payment of debts is necessary for social order. The non-payment is quite equally necessary for social order. for centuries humanity has oscillated, serenely unaware, between these contradictory necessities. Simone Weil The need to restore capital buffers in the wake of ‘bad debts’ forced more than one British bank (s)…
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