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Federal Decree-Law Number 16 of 2021 on Factoring and Transfer of Civil Accounts Receivable The Government of the United Arab Emirates has recently brought in the Federal Decree-Law Number 16 of 2021 to deal with issues regarding the Factoring and Transfer of Accounts Receivable within the country. The New Law…
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Enforcing Foreign Awards in China Requiring forced arbitration agreements limits consumer rights and protections. - Conor Lamb In 1987 the People’s Republic of China sanctioned the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. On 10 April 1987, the Supreme People’s Court of China issued…
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Force Majeure Events and Contract Clauses in the GCC Force Majeure is a French word that means a greater force in English. It is connected to the concept of the Act of God, where there is an unexpected happening of event. Although, Force Majeure is an exception as it includes not…
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Understanding Censorship Across the GCC Censorship is one method of the government to control media. Censorship is characterized as concealment or forbiddance of speech or composing that is considered subversive of the benefit of everyone. It happens in all manifestations of power in some degree, yet in present day times…
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Dealing with Counterfeits in the UAE Introduction Businesses engaging with counterfeit items in the UAE now risk significantly harsher sanctions, again for legitimate brand owners. The maximum punishment for counterfeiting has been increased from AED 10,000 (about USD 2,700) to AED 1 million (approximately USD 275,000) for pharmaceutical and food…
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Decree 34 of 2021 and Development in Arbitration in Dubai "Arbitration is justice blended with charity" - Nachman of Breslov The Dubai Decree number 34 of 2021 regarding the Dubai International Arbitration Centre was published on 14 September 2021. The new Decree will reform the framework of Arbitration in the Emirate of Dubai.…
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Business Closure in the UAE, and How it Must Be Pursued When you decide to close your business in the UAE, you must cancel your business license as well as any related permits. Pretext It is imperative that the relevant government bodies are aware that you are no longer in…
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Limitation of Liability in Maritime Matters The existence of vessels trade generally includes them in mishaps that result in claims. Personal injury, property damage (such as harm to vessels and beacons on the seashore and coast setups), shipment damage, and other claims may be made. In a broad sense, any…
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Enforcement of Arbitral Awards in the UAE Enforcement is agreeing with a contract with an appropriate dispute resolution mechanism. The UAE introduced federal Law No.6 of 2018 on Arbitration in 2018. It clarifies the procedures to challenge the enforcement of an arbitral award before the onshore UAE courts. The arbitration…
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A Guide Distinguishing the English Common Law system and the UAE Civil Law “The legal system is often a mystery, and we, its priests, preside over rituals baffling to everyday citizens.” - Henry Miller Introduction: Generally, the judiciary is divided into two systems, one is the Common Law system and another…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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UАE Personаl Status Lаw Introduction The United Аrаb Emirаtes is а culturаl meltdown with more thаn 200 nаtions, аnd the pаst people аccounted for more thаn 90 percent of the populаtion. The UАE government continues to implement meаsures to bring а more аttrаctive environment for ex-pаts, in line with its…
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Bounced Cheques no longer a Criminal Offense Post 2 January 2022 “The moment I write out a cheque, it’s an asset I have written off” – Shiv Nadar. The UAE being a business hub with a growing economy, cheques are one of the common forms of payments and a technique…
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An article on UAE's New Data Law Nowadays, most of the transactions we do today is digital and information of individuals are no longer in pen and paper but it’s in zeros and ones, so for individuals, it is very important to secure its data than ever. The UAE introduced…
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