Guide on Offshore Companies Companies in the offshore jurisdiction are set up to create flexibility amongst the shareholders of the company, and such company formation is more straight-forward and comfortable. This article aims to make a comparison between the requirements of companies set up in offshore jurisdictions pertaining to the Cayman…
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Asset Management Regulations in UAE The asset management sector within the United Arab Emirates (UAE) is responsible for sustainable growth of financial sectors that aids in overseeing financial services and investment regime spread out across the seven Emirates. Investment management or asset management can be broadly apportioned into three sectors…
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Extradition Treaty of UAE In International Law, extradition is when one state (Requesting state) requests another state (Requested state), to effect the return of a person for trial for a crime punishable under the Requesting state's laws and committed outside the Requested state (state of refuge). The extraditable person could…
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DIFC Contract Law Is the Law of Contracts a complete descriptive theory, explaining what the law is? Or is it a complete normative theory, explaining what the law should be? The traditional definition of a contract is one embracing all promises that the law will enforce. However, even a theory…
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Enforcing UAE Judgments in Egypt The United Arab Emirates (UAE) has entered into a cooperative arrangement with Egypt known as the 'Legal and Judicial Cooperation Agreement between the UAE and the Arab Republic of Egypt' in the year 2000. This arrangement governs the reciprocal enforcement of judgments between UAE and…
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Criminal Action Against NRI’S in India A Non-Resident Indian (NRI) is an Indian that is located abroad or overseas, living outside the territory of India and has been legally defined under the Foreign Exchange Management Act of India, 1999 and the Income Tax Act of India, 1961 for the applicability…
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ADGM Company Regulations 2020 Abu Dhabi's decision to set up a financial center, known as the Abu Dhabi Global Market ("ADGM") has opened doors for international business. ADGM has its own published rules and regulations as well as Registrar of Companies (Registrar) and a Financial Services Regulator. Further, a court…
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Sweat Equity Shares A Achar “A small piece of a big pie is better than a large piece of a small pie.” Those who embrace this adage willfully are the most successful entrepreneurs and investors in the world. If your heroes are the likes of Zuckerberg, Bezos, Gates, or Musk,…
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FIFA; before and after Electing Court of Arbitration for Sports Introduction Fédération Internationale de Football Association (FIFA) was founded in 1904 to supervise international football competitions, with its headquarters in Zurich. FIFA now has 211 national associations as members and is divided into regional confederations: Asia, Africa, Europe, Oceania, South…
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Guide to International Arbitration "When will mankind be convinced and agree to settle their difficulties by arbitration?"- Benjamin Franklin A year ago, it seemed as if Brexit was finally about to happen. One year on, they are in the same position again. At one point, albeit, it seemed likely…
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Impact of COVID-19 on the Shipping and Maritime Industry The outbreak of the infectious disease named as the coronavirus disease (COVID-19) caused by the newly discovered coronavirus has caused chaos and panic all over the world causing the ceasing of all normal daily activities like going to work, a walk…
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Amendments Introduced by Federal Law Number 8 of 2019 the UAE Family Law The Abu Dhabi Statistics Centre (ADSC) had revealed that about 30 percent of the divorces that took place in 2018 in the United Arab Emirates (UAE) was dissolved within the first year of marriage. A total of 5,467…
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Software Infringements in the UAE Software piracy or violation of a software license, is an illegal action that occurs due to unsanctioned use, distribution, exploitation and/or reproduction of copyrighted software. With the technology roar, it is very fundamental that an economy in its full strength and thrive be able to…
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Free Zone Bahrain Logistic Zone Q1. What law established this Zone? The Bahrain Logistics Zone is the first boutique logistics park in the region which was launched in 2008 and is strategically located adjacent to Khalifa Bin Salman Port, which is a state-of-the-art port in Bahrain, towards the North. Q2.…
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