The Legality of Backdating Contracts Introduction The “contract date”, seemingly a very basic concept, can contribute to some problems and confusion among parties contracting therein. The main issue that parties may face is regarding the interpretation of the dates mentioned in the contract. There are essentially three types of dates…
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IT: Future of digital forensics Introduction The IT industry is constantly evolving, and as a result, many people are becoming victims of malware, corporate spearfishing and whaling exploits, mobile devices, and the theft of confidential private data. The collection, storage, study, and presentation of evidence from digital media are all…
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Legal Entitlement to Interest under UAE Law, and applicability "Interest on debts grow without rain." -Yiddish Proverb Paying off the debt is…
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To or Not to NFT NFTs (non-fungible tokens) are a type of crypto asset that exists on the blockchain, which is a network that supports other types of cryptocurrencies. Furthermore, crypto assets in their NFT form are non-transferable, making them one-of-a-kind. Likewise, it is because of its rarity and uniqueness…
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Part II: Listing Securities on Abu Dhabi Stock Exchange (ADX) The ADX (formerly the Abu Dhabi Securities Market) was established in the Emirate of Abu Dhabi on November 15, 2000. Its trading locations include the Emirates of Al Ain, Fujairah, Sharjah, and Ras Al Khaimah. The ADX is regulated by the…
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Part I: Abu Dhabi Securities Exchange - Investment Requirements Introduction Investing, as Warren Buffett, the legendary investor, describes, "…the process of laying out money now to receive more money in the future." It is a way to put money away when you're occupied with other things and make it work…
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Criminal - Trial in UAE Introduction The UAE penal code is not entirely based on Islamic Sharia, but it does include some components. In the UAE, Sharia law exists and is used in limited situations, such as the payment of blood money. Some Sharia punishments, such as flogging, have been…
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Insight: Can a person be married under Hindu Law in India and get Divorced in UAE? Introduction The number of expatriate Indian couples in the UAE filing for divorce in the UAE rather than in India is rising. Many couples cite the effectiveness of the court system, knowledge of the…
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Criminal Law: Theft – Provisions, remedies, and procedure in the UAE Introduction Theft may only be perpetrated on an actual movable property that has monetary or nonmonetary value and belongs to someone else. Theft is described as the physical seizure of an object that can be stolen from the owner…
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Q & A: Third-Party Funding in UAE Introduction Third-party funding, also known as litigation funding, provides a business with a viable means of pursuing litigation, Arbitration and adjudicating claims. Third-party financing ensures that the legal needs are met with minimum risk and subsequently preserve the business's liquidity in case of…
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Establishing Policies for Blockchain Technology Introduction Blockchain can be considered as a breakaway technology and is currently a hot topic that has been the subject of numerous studies across various industries. Blockchain is briefly defined as a shared ledger database that records and shares every transaction that occurs in the…
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Business Exit Strategy for a Family-Owned Business Introduction Companies like Walmart in the US and Reliance in India are some really successful examples of family-owned businesses. However, family and business are two parallel worlds that should ideally never meet. Operating a family business comes with its own challenges and results…
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Duress in Contract Law In UAE, all legal aspects in regards to contractual related issues are encapsulated under the UAE Civil Code and the UAE Commercial Code. It is difficult to establish between illegitimate and legitimate duress as in regards to commercial contracts, a certain level of duress is expected…
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Environment Regulations 2020: Kingdom of Bahrain 1. What is the main legislation governing contamination of land in Bahrain? What are the main penalties and how is liability determined? Bahrain Ministerial Order No. 21/1996 with respect to the Environment governs the issue of land contamination. Land is effectively protected by the…
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