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Lawyers in Dubai
06 Dec 2020

Artificial Intelligence and The Criminal Justice System

Artificial Intelligence & The Criminal Justice System Introduction  As Stephen Hawking once said, “Artificial Intelligence is either the best or the worst thing to happen to humanity.” The fact that the system is constantly evolving and learning from our routine behavior allows it to adapt and become a sophisticated technology…

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Lawyers in Dubai
05 Dec 2020

Initial Public Offering - Oman

Initial Public Offering - Oman The Market The Muscat Securities Market (MSM) was established in 1988 with the aim to develop methods and measures to deal with securities, and raise awareness about the market. MSM allows trading in joint stock companies, government bonds, corporate bonds, investment funds and financial instruments…

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Lawyers in Dubai
01 Dec 2020

Doing Business in Abu Dhabi 2021

Doing Business in Abu Dhabi 2021 Enforcing Contracts Questionnaire 1.Case Study Assumptions Two domestic companies - Seller and Buyer - conclude a contract for the sale of some custom-made goods. Further to such contract, Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, custom-made furniture. Upon…

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banking lawyers in Dubai
25 Nov 2020

Winding up of a company in DMCC

Liquidation and Winding up of a company in DMCC DMCC Company Regulations 2020  On 02 January 2020, the Dubai Multi Commodities Centre (DMCC) issued and promulgated the New Company Regulations 2020 ('Regulations'), which were to replace the former DMCC Company Regulations of 2003. They were so reconfigured in order to…

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Property Lawyers in UAE
23 Nov 2020

Mortgage Agreements in the Kingdom of Saudi Arabia

Mortgage Agreements in the Kingdom of Saudi Arabia As per the New Commercial Mortgages Law promulgated in the Kingdom of Saudi Arabia on 24 April 2018, the mortgage arrangement is anchored in a fixed debt that is promised to be amortized, or an item guaranteed under the debt or outstanding…

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Lawyers in Dubai
22 Nov 2020

The New Professional Companies Law of Saudi Arabia

The New Professional Companies Law of Saudi Arabia The New Professional Companies Law (PCL) that has been enforced on 26 March 2020 has successfully replaced the former 1991 Professional Companies Law in the Kingdom of Saudi Arabia, and all regulations/provisions that are in contradiction to the new Professional Companies Law shall be deemed…

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Contracting Lawyers in Dubai
16 Nov 2020

Contracts, Negotiations and Enforcement in the United Arab Emirates: Overview

Contracts, Negotiations and Enforcement in the United Arab Emirates: Overview Question Set: Formation of contracts Authority and capacity Question Body: What are the authority/capacity rules for entering contracts? Answer Body Individuals UAE Federal Law Number 5 of 1985 on Civil Transactions Law (Civil Code) allows all individuals to enter into…

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Criminal Lawyers in Dubai
15 Nov 2020

Commentary on UAE Federal Law 5 of 2012 dealing with Cyber Crimes

Legislation Commentary on Federal Law 5 of 2012 Legislation Number Federal Law Number 5 of 2012 Concerning Combating Information Technology Crimes (Cyber Crimes Law) Date of publication in the Official Gazette 13 August 2012 Jurisdiction The United Arab Emirates Related Legislation   Federal Law Number 12 of 2016 amending Federal…

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Lawyers in Dubai
14 Nov 2020

Respiratory Laws and Regulations in the UAE

Respiratory Laws and Regulations in the United Arab Emirates The United Nations Environment Programme (UNEP) celebrates June 5, 2019 as World Environment Day. Interestingly, the theme of this year’s World Environment Day was “Air Pollution”. The day is significant as the UN body attempts to draw the world’s attention towards…

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Financial Lawyers in UAE
10 Nov 2020

Regulations and Requirements for setting up a Company through SAGIA

Regulations and Requirements for setting up a Company through SAGIA It was challenging to set up business in Saudi Arabia until 2018 brought a new era by bringing about many changes to the rules and regulations of the country making it easier for people to set up their businesses. The…

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Lawyers in Dubai
09 Nov 2020

UAE Bankruptcy Law and Businesses Facing Cash Flow Problems

Effect of Recent Bankruptcy Legislation on Those Businesses Facing Difficulties on Account of Cash Flow Issues The recent overhaul in the laws governing insolvencies of domiciled companies in the United Arab Emirates (UAE) vide the new UAE Bankruptcy Law (December 2016) ensures that most corporate insolvencies are resolved through the…

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Lawyers in Dubai
05 Nov 2020

Securities Lending and Borrowing Regulations as per Dubai Financial Market

Securities Lending and Borrowing Regulations as per Dubai Financial Market The Securities Lending and Borrowing (SLB) refer to a temporary arrangement of a loan of securities by a lender or a borrower. In this arrangement, the borrower is entitled to return securities at any time, and the lender may recall…

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Property Lawyers in Abu Dhabi
04 Nov 2020

Real Estate Developments in Abu Dhabi and Dubai

Real Estate Developments in Abu Dhabi and Dubai The United Arab Emirates is continuously witnessing positive developments in the real estate market. The market is adapting to the changing terms of the scenario around the choices of the investors willing to invest in the real estate market. Abu Dhabi and…

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Financial lawyers in Dubai
03 Nov 2020

Dubai Internet City Freezone

Business Setup in Dubai Internet City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and…

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