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Procedural Overview onto the rules of arbitration at the Ras Al Kamiah Reconciliation and Commercial Arbitration Center Although a dispute may be resolved through court litigation, the parties in the new era are increasingly submitting their disputes for mediation, arbitration or any other Alternative Dispute Resolution (“ADR”). Since a long…
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Law Governing Conspiracy for Abetment of Crimes Urging a person to commit an illegal act or crime is as much an offence as the carrying out of such criminal offence. Federal Law Number 3 of 1987 promulgating the Penal Code (“Code”) in the United Arab Emirates (UAE) mandates that any…
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Termination in case of Terminal Illness, UAE It has been an unexpectedly enlightening experience to see patients' primary concern once they are diagnosed with a terminal illness is whether they will be able to continue working while they are receiving their treatment or not and the extent of treatment on…
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Laws and Regulations Governing Insurance Brokers in the UAE An Insurance Broker is defined under Federal Law Number 6 of 2007 (in respect of the establishment of the Insurance Authority and Regulating the Insurance Practice) as: “The person mediating independently in insurance or reinsurance operations between the insurance/reinsurance applicant on…
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IP Issues in Social Media Content During the Congressional questioning of Mark Zuckerberg, CEO of Facebook, in April 2018, Zuckerberg said: “Every piece of content that you share on Facebook, you own, and you have complete control over who sees it and … how you share it, and you can…
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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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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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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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Economic Substance Regulation 2019 and 2020 UAE The UAE Cabinet issued the Cabinet of Ministers Resolution Number 31 of 2019 concerning economic substance regulations in the UAE (the "Regulations") on 30 April 2019. The Regulations require the UAE entities ("Relevant Entities") that carry out any of the activities listed as…
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Alternative Investment Funds A CNBC article noted, "With the Stock market bland and the bond market bubbling, investors may have to search elsewhere in the months ahead for return." The investors who are tired of the stock markets wrench and their volatility and who have been continuously looking out for…
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Competition Law in UAE If a certain organization succeeds in overtaking the market by outshining its competitors, then the competitors face abuse of a dominant position which leads to a competitive market being governed by erroneous marketing mechanisms. Such erroneous market mechanisms would also include within its ambit where two…
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DIFC-LCIA Arbitration comparison with DIAC Arbitration Manchester United is playing Arsenal. In an incredibly intense contest between the two, at the 85thminute, there is a coming together between the players inside the penalty box. The referee, to understand the incident and know who the perpetrator was, uses the help of…
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Transfer of Shares in UAE The governing of transfer of shares in a company is done by Federal Law Number 2/2015 on Commercial Companies Law (CCL) in the United Arab Emirates (UAE). The different types of companies that can be set up under the CCL comprise of a joint liability…
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The Consideration of Coronavirus as a Force Majeure Event As it continues to spread globally, coronavirus (COVID-19) has effectively ensnared the world’s attention and concern by bringing it to a standstill. As of 28th March 2020, the World Health Organization has confirmed 512,701 cases of the virus worldwide and a…
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