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Insolvency Law in the UAE N Anand With UAE’s emergence as a global business hub, owing to its flexible economic structure and numerous free zones, financial bankruptcy and insolvency was an issue that plagued investors and individuals. To address this, the UAE introduced Federal Law Number 9 of 2016, otherwise…
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Abu Dhabi and DIFC PFP/ Clearing House Global financial markets have witnessed unprecedented growth in the techniques and platforms in peer to peer lending over past two decades due to various factors such as improvements in technology backing such platforms, real-time access to funds, ability to obtain unsecured personal or…
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Money Laundering Law in the UAE “When spider webs unite, they can tie up a lion” The above proverb/saying does hold good when it comes to white collar crimes and economic offenses and it goes without saying that continued attempts by criminal organizations to launder money lead to a corrosive…
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Patent Laws in the UAE (Part 1 of 2) Guidance to readers: This is the first part of a two-part series on various aspects of patent law in the United Arab Emirates (UAE) including statutory interpretation, dispute resolution mechanism, judicial authority, patent infringement, enforcement, rights of patent holders, procedural aspects and…
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Musataha Agreements in the UAE Introduction The Rights of Musataha is a vital tool for real estate development in the United Arab Emirates (UAE). It enables the investors to establish stable and safe investment projects whilst achieving the adequate balance between the rights of the proprietor and those of the…
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CCTV & Invasion to Privacy in the GCC The world in this millennium is techno-dependent for almost every aspect of life whether its payment of debts through credit card, entering into contracts by parties distant through online, i.e. e-contracts, e-booking of railway or air tickets and even social networking platforms.…
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Reciprocating Territory and Superior Court in the Indian Civil Procedurs Code George SK and N. Anand The Ministry of Law and Justice of India has passed a notification on 17 January 2020 in the official Gazette of India declaring United Arab Emirates to be a reciprocating territory in respect with Explanation 1…
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Granted Commercial and Residential Land in Abu Dhabi and its Disposal Land has been a bone of contention since times immemorial, wars have been fought for controlling the land. Similarly, in modern times as well as in almost all the countries of the world with well-developed legal systems codified or…
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The Countermeasures against Narcotic Drugs and Psychotropic Substances under drug laws in the UAE “Drugs are reality’s legal loopholes." Jeremy P. Johnson Drugs have destroyed many lives; however, flawed governmental laws have killed many more. After years of drug regulations set in place, the world is still facing the same…
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Liquidated Damages upon Contract Termination Liquidated damages while not present in every contract, there will arise occasions where liquidated damages are mentioned within contracts and provide necessary assurance and security. There are numerous benefits, though also some drawbacks to this type of clause. The method of awarding damages also differs…
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Commercial Agency and Distribution Agreements in the UAE “We become what we behold. We shape our tools, and thereafter our tools shape us.” …
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"Collective Bargaining Instruments and its implementation Challenge" Introduction For running a successful business, among other things, it is vital to have good relations between an employer and his employees. To uphold those good relations, it is further essential that industrial disputes, i.e. conflicts or disputes between an employer and an…
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Inheritance under Shariah Law The United Arab Emirates Law of inheritance is very broad. It is suitable for not only Muslims but can be applied to inheritance cases involving people of any religion and nationality. Sharia law, without question, applies to all Muslims; however a non-Muslim foreign national may choose…
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The Cost of Running a Private Equity Real Estate Fund Private equity real estate is an advantage class that comprises of pooled private and public interests in the real estate market. Such contributing includes the obtaining, financing and proprietorship of property or properties utilizing a shared vehicle. Private equity real…
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