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Law Firms in Abu Dhabi
14 May 2018

The Base Erosion and Profit Sharing (BEPS) - OECD

Base Erosion and Profit Sharing (BEPS)- Tax Evasion of Multinational Corporations OLD WINE IN A NEW BOTTLE Before 1961, there was a minimal focus on national tax laws upon the multinational corporation’s tax and digital economy because during that time no country taxed the foreign source. During that time the…

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Lawyers in Dubai
14 May 2018

Company Formation in Kuwait Free Trade Zone

Company Incorporation in Kuwait Free Trade Zone   Kuwait, also known as the Fruitful Land of the Gulf is considered to be a land of opportunities. The country’s richness lies in the natural resources like oil and gas but also the real wealth of the nation lies in its human capital…

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Law Firms in Abu Dhabi
13 May 2018

Legalities Surrounding Division of Assets Post Divorce: US Law

US Law: Legalities Surrounding Division of Assets Post Divorce What’s mine is yours! During subsistence of the marriage, this phrase is often (willingly) quoted by either spouse to the other. However, the dynamics change once the marriage ends and the married couple goes through a divorce. The aspects and details…

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Property Lawyers in Abu Dhabi
24 Apr 2018

Securitization: UAE and Global Overview

Securitization: An Overview Introduction Securitization is a powerful financial tool that renders possible the profitability of illiquid assets. We all agree that securitization contributed to the 2008 Financial Crisis, demonstrating how this powerful business instrument is a double-edged sword: it is capable of both boosting and devastating an economy. The…

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Law Firms in Dubai
17 Apr 2018

Anti-Money Laundering Regulations

A Combat Against Dirty Money Shorter distances, instant transfers, fast connections are a movement towards the emerging globalization. As it is getting easier and quicker to gain anything on a click of a mouse and enabling individuals and corporations to reach around the world farther, faster, deeper, and cheaper than…

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Bankruptcy Lawyers in Dubai
17 Feb 2018

UAE Bankruptcy Law

NEW BANKRUPTCY LAW IN THE UAE Since the time of its promulgation in the year 2016, the Bankruptcy Law has been widely discussed and deliberated on. The enactment of Federal Law Number 9 of 2016 (the New Law) has been critical in light of the volatile oil market across the…

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Corporate Lawyers in Dubai
20 Nov 2017

Heads of Terms

Heads of Terms “Intention is one of the most powerful forces there is. What you mean when you do a thing will always determine the outcome. The law creates the world.”  -        {C}{C}Brenna Yovanoff Overview                                                                                                                             Every contract is the result of an intense negotiation between the parties of the contract…

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Banking Lawyers in Dubai
18 Nov 2017

Mortgage of Movable Assets in Dubai and the UAE

Mortgage of Movable Assets The enactment of UAE Federal Law Number 20 of 2016 Concerning Mortgaging of Movable Properties as Security for Debts (the New Law) is a milestone towards the UAE government’s initiative to bring positive changes in UAE’s mortgage law. In parallel to the recent laws on commercial…

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Banking Lawyers in Dubai UAE
29 Oct 2017

Marketing Foreign Funds in UAE

Marketing Foreign Funds in the UAE “There are two times in a man’s life when he shouldn’t speculate: when he can’t afford it and when he can.” – Mark Twain The world of financial markets and investments often induce reserved and divergent responses from the common man. Investing options are…

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Project Finance Lawyers in Dubai
21 Oct 2017

Project Finance – Q&A – Practical Guide - UAE

Project Finance – Q&A – Practical Guide - UAE What are the key difference in the legislation in the UAE and other key international jurisdiction? In comparison with other jurisdictions, the laws regulating project financing in UAE are not stringent. The Federal Law Number 18 of 1993 concerning the Commercial…

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VAT Lawyers in UAE
14 Oct 2017

VAT Registration in the UAE

VAT REGISTRATION in the UAE ‘The Federal Tax Authority has announced the time-limit for companies to register for VAT in the UAE.’ Companies should register for VAT before 31 October 2017. The Federal Tax Authority (the Authority) recently announced that companies and MNCs with a turnover exceeding UAE Dirhams one…

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Banking Lawyers in Dubai
23 Sep 2017

Boarding Complete: An Islamic Rendering

Boarding Complete: An Islamic Rendering Part II of II In our previous issue, we discussed the Shariah principles of ijara, simple ijara, ijara wa iqtina, ijara mawsufa fi al dimmah, istisna’a, and how ijara and mawsufa fi al dimmah work. Our attorney’s had detailed the different types of leasing provided…

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Banking Law Firms in Dubai
26 Aug 2017

Boarding Complete: An Islamic Rendering (Part 1 of 2)

Boarding Complete: An Islamic Rendering Part I of II Islamic Principles not only lay guidance on the relationship between man and God but also provide directives on a system of transactions for dealings between man and man to lead a life in an Islamic way. Such Islamic jurisprudence referred to…

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FATCA in UAE
19 Jul 2017

Too Much of FATCA

Too Much of FATCA! Renowned author and entrepreneur, Mark Twain, once said, ‘tax is a fine for doing well; whereas, a fine is a tax for doing wrong.' Now, the question on hand is which one of the two the Foreign Account Tax Compliance Act (the FATCA) would get unseated!…

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