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Lawyers in Dubai
31 Jan 2021

Termination of Sale Purchase Agreement in the UAE

Termination of Sale Purchase Agreement in the UAE Introduction  A Sale and Purchase Agreement (SPA) is a widely used contract/agreement in business transactions. It is predominantly used in the land department. It is beneficial, and a vital necessity that people looking to settle or finalize a deal of either property…

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Lawyers in Abu Dhabi
27 Jan 2021

Abu Dhabi: Legislative Amendments to freehold Ownership Laws

Abu Dhabi: Legislative Amendments to freehold Ownership Law Introduction  Abu Dhabi, being the capital of the UAE, is a sea of opportunity for growth of the business, investment, technical and urban development. However, it has yet to reach its full potential.  A research conducted by the Abu Dhabi Urban Planning…

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Lawyers in Dubai
25 Jan 2021

Initial Public Offering - Lebanon

Initial Public Offering - Lebanon Introduction The Banking Control Commission (BCC) was established in 1967 in Lebanon by the Central Bank of Lebanon (BDL) to administrate banking and control of the Central Bank. The BDL regulated banking as well as the financial market. In 2015, the Central Bank established the…

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Lawyers in Abu Dhabi
25 Jan 2021

Deficient Services under Consumer Protection Act, 2019 (India)

Deficient Services under Consumer Protection Act, 2019 (India) The Consumer Protection Act, 2019 (the “New CPA”) heralds the commencement of a new era in India concerning the consumer rights to be in sync with the new-generation consumer expectations. The modes of business like telemarketing, direct selling, multilevel marketing and e-commerce…

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Lawyers in Dubai
17 Jan 2021

Amendment of Dubai Financial Support Fund

Amendment of Dubai Financial Support Fund Law Number 10 of 2019 (the “New Law”), partially amended Law Number 24 of 2009 on the establishment of the Dubai Financial Support Fund, was issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates.…

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Financial Lawyers in UAE
15 Jan 2021

Federal Law Number 4 of 2020 on Securing Interest over Movable Assets

UAE: Federal Law Number 4 of 2020 on Securing Interest over Movable Assets  Introduction  Federal Law Number 20 of 2016 concerning mortgage of movable properties has been repealed and replaced by the introduction of Federal Law Number 4 of 2020 on securing interest over movable assets. It is imperative to…

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Financial Lawyers in India
14 Jan 2021

Goods and Services Tax in India

Goods and Services Tax in India  The goods and services tax is an indirect tax that is applied on the consumption, sale or manufacture of goods and services. The GST is charged on the supply of goods and services in the territory of India. The Central Goods and Services Tax Act in India…

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Lawyers in Abu Dhabi
12 Jan 2021

Enforcement of New York Convention Award in the UAE

Enforcement of New York Convention Award in the UAE Introduction  Arbitration clauses are becoming more and more prominent in corporate agreements, the reason behind this is the ease with which disputes can be dealt with as compared to the traditional court system. In any case, a corporation may find that…

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Criminal Lawyers in Dubai
07 Jan 2021

Concealment of Assets in Bankruptcy

Concealment of Assets in Bankruptcy Introduction  A businessman's business is basically his baby; the decision of going through the process of bankruptcy is probably the most difficult decision that a company has to make throughout its lifetime. Everyone involved in the procedure, be it, the debtors or creditors are losers…

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Financial lawyers in Dubai
04 Jan 2021

Initial Public Offering – UAE

Initial Public Offering – UAE An initial public offering is a process that allows companies to offer their shares to the public for the first time. This can be done by publishing a prospectus, offering shares for subscription, submitting relevant documents for approval and so on. Further, Public Joint Stock…

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Lawyers in Dubai
22 Dec 2020

Saudi Arabia: New Mining Investment Law

Saudi Arabia: New Mining Investment Law Introduction  The Middle East has primarily always focused its attention on revenue generated from the oil and gas industry. However, recently these countries are venturing out and exploring other sectors in keeping with their aim of economic diversification. Due to their concentration on oil…

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corporate lawyers in Dubai
16 Dec 2020

UAE: Effect of the Amendment to the Companies Law on LLCs

UAE: Effect of the Amendment to the Companies Law on LLCs Introduction The UAE government has recently amended Federal Law Number 2 of 2015 (hereinafter referred to as “Old Law”) by issuing Federal Decree-Law Number 26 of 2020 (the “New Law”). The introduction of this amendment has effectuated an overhaul of…

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Financial Lawyers in Dubai
16 Dec 2020

Fujairah Creative Freezone

Fujairah Creative Freezone 1. What law established this freezone? Fujairah Emiri Decree No. 4/2007 established Fujairah Creative City (FCC). 2. What are the main internal regulations governing this freezone? The Fujairah Free Zone Authority sets the regulations governing FCC Free Zone. 3. Does this freezone have any reciprocal arrangements with…

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corporate lawyers in Dubai
15 Dec 2020

Doing Business in Ras Al Khaimah 2021

Doing Business in Ras Al Khaimah 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.…

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