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Property Lawyers in UAE
10 Jul 2021

Subcontract Works under UAE Law

Subcontract works under UAE Law Introduction Subcontracting is quite popular in today's construction business. Without engaging third parties with diverse experience and capacities to carry out certain aspects of the works, it would almost likely be unmanageable for one contractor to complete a construction project, especially if the project entails…

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Law Firms in Dubai
04 Jul 2021

Bankruptcy in Singapore

Bankruptcy in Singapore "I declare bankruptcy!" -  Michael Scott Whenever an individual becomes unable to pay his/her debts, his/her creditors may choose to file for bankruptcy against him/her. According to Section 61 of the Singapore Bankruptcy Act of 1995, if anyone owes someone may it be an individual or even a company more…

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Lawyers in Dubai
22 Jun 2021

Duties and Liabilities of Directors in Ireland

Duties and Liabilities of Directors in Ireland  Introduction  Initially, the roles of directors have been used in a variety of common law and legislation. The Company Act codifies the fiduciary responsibilities of directors in common law, but the Companies Act did not affect many of the other formal duties of…

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Law Firms in Dubai
11 May 2021

UBO Disclosure Requirements- UAE Law

UBO Disclosure Requirements- UAE In recent years, counter-fraud, money laundering and terrorism funding have been the regulator's highest priority. Fraudulent parties conceal their service using offshore accounts, and authorities report fraudulent transacts routinely at fake emails, PO boxes or private residences. This term has taken on an increasingly significant role…

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Lawyers in Dubai
20 Apr 2021

Part I: Abu Dhabi Securities Exchange - Investment Requirements

Part I: Abu Dhabi Securities Exchange - Investment Requirements Introduction Investing, as Warren Buffett, the legendary investor, describes, "…the process of laying out money now to receive more money in the future." It is a way to put money away when you're occupied with other things and make it work…

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Lawyers in Abu Dhabi
11 Mar 2021

Company Formation in Hamriyah Free Zone

Hamriyah Free Zone 1. What law established this freezone? The Hamriyah Free Zone was established under Sharjah Emiri Decree No. 6/1995 issued in 12 November 1995 as amended by Sharjah Executive Council Decision No. 1/2000 (the Decree). 2. What are the main internal regulations governing this freezone? The principle regulation…

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Financial lawyers in Dubai
14 Feb 2021

The Collective Investment Law (DIFC Law No. 2 of 2010) – An Overview

The Collective Investment Law (DIFC Law No. 2 of 2010) – An Overview Collective Investment Law of 2010 The Collective Investment Law (DIFC Law Number 2 of 2010) came into force on 1 July 2010, and applies in the jurisdiction of the Dubai International Financial Centre. The Collective Investment Law…

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corporate lawyers in Dubai
16 Dec 2020

UAE: Effect of the Amendment to the Companies Law on LLCs

UAE: Effect of the Amendment to the Companies Law on LLCs Introduction The UAE government has recently amended Federal Law Number 2 of 2015 (hereinafter referred to as “Old Law”) by issuing Federal Decree-Law Number 26 of 2020 (the “New Law”). The introduction of this amendment has effectuated an overhaul of…

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banking lawyers in Dubai
25 Nov 2020

Winding up of a company in DMCC

Liquidation and Winding up of a company in DMCC DMCC Company Regulations 2020  On 02 January 2020, the Dubai Multi Commodities Centre (DMCC) issued and promulgated the New Company Regulations 2020 ('Regulations'), which were to replace the former DMCC Company Regulations of 2003. They were so reconfigured in order to…

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Contracting Lawyers in Dubai
16 Nov 2020

Contracts, Negotiations and Enforcement in the United Arab Emirates: Overview

Contracts, Negotiations and Enforcement in the United Arab Emirates: Overview Question Set: Formation of contracts Authority and capacity Question Body: What are the authority/capacity rules for entering contracts? Answer Body Individuals UAE Federal Law Number 5 of 1985 on Civil Transactions Law (Civil Code) allows all individuals to enter into…

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Lawyers in Dubai
09 Nov 2020

UAE Bankruptcy Law and Businesses Facing Cash Flow Problems

Effect of Recent Bankruptcy Legislation on Those Businesses Facing Difficulties on Account of Cash Flow Issues The recent overhaul in the laws governing insolvencies of domiciled companies in the United Arab Emirates (UAE) vide the new UAE Bankruptcy Law (December 2016) ensures that most corporate insolvencies are resolved through the…

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Financial lawyers in Dubai
03 Nov 2020

Dubai Internet City Freezone

Business Setup in Dubai Internet City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and…

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Lawyers in Dubai
21 Oct 2020

Trade Secret Protection

Trade Secret Protection  Introduction The prowess of a company depends on its ability to work smarter than their competitors. This can be achieved through specifically designed operational workflows, specialized technologies or structural control practices that enable a firm to stand out within a particular market or industry. Such intellectual knowledge…

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corporate lawyers in Dubai
05 Oct 2020

Mismanagement by a Manager in a Limited Liability Company

Negligence and Mismanagement by a Manager in a Limited Liability Company: UAE Companies Law A limited liability company (LLC) is a form of a company that is subject to the regulations of laws and the governing law for the management of a company in the United Arab Emirates (UAE) is…

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