Guide to Establishing NFT's Marketplace in the UAE Introduction to NFTs Simply put, an NFT is a non-fungible token. “Non-fungible” basically implies that it's one-of-a-kind and can't be substituted with anything else. A bitcoin, for example, is fungible, meaning you can exchange one for another and get precisely the identical item.…
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Health & Safety in Bahrain 2020 1. What is the main legislation governing health and safety in this jurisdiction? The primary legislation governing health and safety in Bahrain is the Occupational Health and Safety Regulations (OHS) which were introduced in 1976. These were broadly based on the UK Health and…
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Electronic Contracting Law in E-commerce Introduction to Contract Law A contract is a legally binding force between two entities, companies, or parties that link the parties in a contract protected by law. An agreement between the parties may be made orally, in writing, in action, or any of these ways.…
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Licensing procedure of Foreign Direct Investments projects in the UAE Background of this new development- Prior to the implementation of the FDI law, UAE law stipulated that foreign investors may only own up to 49 percent of a UAE mainland corporation, with several exceptions. One or more UAE nationals or…
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A closer look at Electronic Privacy Laws in the GCC The cooperation council for the Arab State of the Gulf is commonly known as Gulf Cooperation Council (GCC). It is a regional, intergovernmental, political and economic union that consists of all Arab states of the Persian Gulf except Iraq. The…
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ADGM Enacts New Data Protection Regulations Introduction On 11 February 2021, the Board of Directors of the Abu Dhabi Global Market, in the exercise of its powers under Article 6(1) of the Law No.4 of 2013 concerning the ADGM issued by His Highness the Ruler of the Emirate of Abu…
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Guide on Liquidated Damages in India Background: An amount that a contracting party offers to pay or a deposit that he agrees to forfeit if he breaches any promise, and both are technically recoverable or retainable as negotiated penalties if the violation happens, having been arrived at through a good…
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FAQs- Patent Registration in Israel An invention is protected by a patent, which is an exclusive privilege given to the inventor. In other words, a patent is an exclusive license to a device or a method that proposes a new technological approach to a problem or a new way of…
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Basis of claims in the construction industry in the UAE Disputes are widespread in the construction sector. Disputes develop owing to conflicts between any of the parties to the contract. Disputes may be detrimental to construction projects, causing enormous costs, disruptions, & reduced productivity. To execute a construction project on…
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Competition 2020 Kuwait 1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Competition Protection Authority (CPA). 2. In the context of a merger acquisition in what circumstances, are the seller and/or the purchaser required to notify the competition regulator? Each merging…
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Tri-Party Agreement and their Implications in the UAE What is a Tri-party Agreement? It is an agreement between three parties. In other words, when three-parties has an intention to do the things on which they have agreed. The Tri-parti agreement usually happens in financial transactions. As per the Article 125…
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Regulations for Issuing and Offering Crypto-Assets in UAE (ICARs) Introduction Over the past decade, the financial technology market has evolved substantially. With the introduction of cryptocurrencies, policymaker and framers of legislations find the need to implement legislation that will help regulate this growing market. Since cryptocurrencies operate beyond the banking…
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End of Service Benefits in the UAE Employees in the UAE are entitled to a specified set of end-of-service benefits (EoS) under UAE law, including gratuity. These rewards are provided as a mark of appreciation for the employee's devotion and hard work. After the employment contract is terminated, EoS is…
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Regulatory framework of mergers in Russia The Russian merger control does not differ substantially from its counterpart’s country in Europe and North America. In general, it is investor-friendly, and the risk of not obtaining compensation is rarely cited as the reason for not proceeding with a trade. However, the Russian…
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