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Cryptocurrency and Asset Exchange in the Abu Dhabi Global Market Currency is defined as something, more often than not paper and coins, that act as a medium of exchange for goods and services. This practice of trade has been a constant for humankind throughout its various ages, occurring in multiple…
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Force Majeure Clauses and the Limitation of Liability Introduction Force majeure roughly translates to ‘superior force’ and is used when referring to unforeseeable events taking place. For the most part, unforeseeable events are not attractive prospects for any individual, especially in the case of business agreements. While contracts generally do…
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Non-insane Automatism in Criminal Law There are many different terms and concepts in criminal law; one of the most interesting is automatism. Automatism negates and could avoid criminal responsibility. The term automatism is used in Criminal law to describe behaviour that occurs when a person is unconscious to the fact…
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In the UAE, many law firms exist but not all firms possess advocacy & legal consultancy license that allows a lawyer to present a case in the court of law. There are many law firms in Abu Dhabi who only possess the legal consultancy license and not the advocacy…
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5g Introduction ICTs, short for Information and Communication Technologies, is used for social and economic development. With the introduction of new technology, there is an improvement in the quality of life of people using such technology because of the unique benefits and conveniences that this new technology has to offer.…
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Dispute Resolution under the New UAE FDI Law The United Arab Emirates’ new law on Foreign Direct Investment (FDI), which came into effect on October 30, 2018, will set a new point of reference by permitting 100 percent foreign ownership of companies in UAE. The new enactment, which plots who…
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Churning: Is it Ethical? What is Churning: Churning takes place when a broker undertakes excessive trading, i.e. buying and selling of securities in the investor’s account for generating commissions that may benefit the broker or the securities agent. The broker has to exercise unwarranted control over the critical decisions about…
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Cross Border Mergers Introduction Recently there has been a noticeable wave of mergers (especially in the banking sector) within the GCC. Just in 2017, there were 85 mergers in the UAE and over 400 mergers in the GCC. Many of those mergers were cross border mergers; for instance, in the…
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Dual License Initiative in Abu Dhabi Introduction In September 2018, the Abu Dhabi Department of Economic Development (ADED) had announced its first phase of the Dual Licenses Initiative. This enables the companies to carry out their commercial activities both onshore in Abu Dhabi, Al Dhafra and Al Ain, as…
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India : Anti-Bribery and Anti-Corruption Regulations Introduction India is a crucial country from a global perspective and is one of the largest economies in the world. The growth is also significant with the nation projected to climb further up the worldwide economic ranks in the coming years. Further, the…
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What are the consequences of filing a wrong police complaint in the United Arab Emirates, Canada, UK, and More? Introduction A simple Google search of the name "Jussie Smollett" will lead to a finding of what the consequences of filing a wrong police complaint can be. Fortunately for Mr Smollet,…
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Media Regulations in the United Arab Emirates I. Introduction Indubitably, the inception of mass media was with newspapers that delivered information and news from the 1690s till present. Having been cultivated in the minds of the people, several other modes have been devised that make an intricate part of our…
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The Legality of Termination for Convenience Clauses Under the global laws for international contracts and agreements, it is highly significant to identify the clauses which put forth the concept of termination for convenience. In general terms, it may sound that, via this clause, either party can conveniently step out from…
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UAE Law(s) Concerning Dormant Bank Accounts Introduction Bank accounts are among the most critical and valuable accounts that can belong to an individual. Long past is the time when people would stash their money in hidden safes and secret location, and the concept of stashing ones valuables in a mattress…
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