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Construction Law and the Application of Time Power can not confer to what does not exist. Humankind has needed something to organize and structure his life, so we created time. So that, we using time as a benchmark can keep ourselves in check. It is, essentially, a social construct,…
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FIDIC in the Middle East - The Must Knows for Industry Players The UAE industry has seldom been ignorant to internationally set standards- that in more than one ways. Originally established as an organization by three founding countries Belgium, France, and Switzerland- today FIDIC, which is an abbreviation…
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Delay Penalty in Construction Contracts “No construction project is risk-free. Risk can be managed, minimized, shared, transferred or accepted. It cannot be ignored” -Michael Latham Scope and usage of back-to-back contracts Back-to-back contracts are becoming an increasingly common feature of construction projects. Construction projects typically involve the collaboration of three…
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Who is Liable to Pay when Circumstances for Construction Change? Construction has been one of the most dynamic industrial sectors in the Middle East due to the increase in need of palatial residential and office spaces that arise from the surfeit of expatriates that flock into the region every year.…
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The New Abu Dhabi Strata Law Nothing sets my teeth on edge like a real estate hoarding screaming ‘Buy Now, Pay Later’. If one were to apply such signs in actual terms, I wonder whether the next hoarding that will knock my teeth off will read ‘Buy One, Get One…
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Project Finance as the technique of financing any development idea is rapidly increasing in developing countries due to their drive to gain industrial development and improve infrastructural amenities. The infrastructural projects or projects relating to energy industry are usually funded by the government through public funds since historical times due…
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Draft with care! “The moral of the story is to agree first and to start work later”. Lord Clark INTRODUCTION - Letters of Intent and UAE Law The term “Letter of Intent” (LOI) is recognized by all commercial and construction professionals, yet not all practitioners are fully aware…
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Extension of Time in Construction Contracts The construction contracts are generally prepared as per Fédération Internationale des Ingénieurs-Conseils (the FIDIC) red books 1987 and 1999, yellow book and silver book contract forms specifically in UAE to deliver projects. The legal provisions applying to such contracts are UAE Civil Code, Federal…
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Joint venture is an agreement between two or more parties wherein they principally agree on developing a new asset or entity by infusing equity for a term. In a joint venture transaction, parties agree to co-operate with each other and term of the joint venture may be defined or open.…
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Construction Insight: The sight of a rainbow in the middle of a desert is a rather recherché glimpse. The United Arab Emirates, however, is not a conventional desert panorama come true. Take for example the construction industry in the region. There is an interesting mix of cultures…
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Decree Number 21 of 2013 – One Year Later We’re all familiar with the story. Mr. A buys property off-plan. Developer advises property completion will occur by 201X. Mr. A awaits handover with anticipation. 201X comes and goes, with no news on the property. Developer or sales agent contact Mr. A…
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Obvious, really, yet “performing due diligence” is a phrase readily associated with the legal industry. Reminding ourselves of the basic definition realizes that we each “perform due diligence” hundreds of times per day. We might check the weather forecast or traffic reports before leaving the house, read reviews before selecting…
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