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Criminal Lawyers in Dubai
27 Dec 2021

Economic and Fraud Provisions in the Middle East

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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Law Firms in Dubai
23 Nov 2021

Incorporation of a Business in UAE

Incorporation of a Business (Legal Impediments) Introduction The formal method of forming a corporation or a company is called incorporation. The resulting legal body, a corporation, is responsible for separating the firm's assets and profits from its owners and investors. Corporations can be formed in virtually every country on the…

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Criminal Lawyers in Dubai
06 Nov 2021

E Gaming and its Overarching Legality in the UAE

E Gaming and its Overarching Legality in the UAE The term "e-Gaming" refers to the entire computer gaming market, which includes everything from video game consoles to PC and smartphone games, as well as internet entertainment platforms and the eSports industry. Likewise, first-person shooter (FPS), multiplayer online battle arena (MOBA),…

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Lawyers in Abu Dhabi
23 Oct 2021

Foreign Direct Investments projects in the UAE

Licensing procedure of Foreign Direct Investments projects in the UAE Background of this new development- Prior to the implementation of the FDI law, UAE law stipulated that foreign investors may only own up to 49 percent of a UAE mainland corporation, with several exceptions. One or more UAE nationals or…

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Financial Lawyers in UAE
23 Sep 2021

Tri-Party Agreement and their Implications in the UAE

Tri-Party Agreement and their Implications in the UAE What is a Tri-party Agreement? It is an agreement between three parties. In other words, when three-parties has an intention to do the things on which they have agreed. The Tri-parti agreement usually happens in financial transactions. As per the Article 125…

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Lawyers in Dubai
14 Sep 2021

Mergers in Russia

Regulatory framework of mergers in Russia The Russian merger control does not differ substantially from its counterpart’s country in Europe and North America. In general, it is investor-friendly, and the risk of not obtaining compensation is rarely cited as the reason for not proceeding with a trade.  However, the Russian…

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Lawyers in Dubai
03 Sep 2021

Comparison of joint venture laws of India with UAE and Singapore

Comparison of joint venture laws of India with UAE and Singapore For a long time, one of the main fields of concern for economists all over the world has been the industry. With money on the line, people are always looking for new ways to increase income; whether it's a…

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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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