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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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Lawyers in Dubai
16 Sep 2020

DIFC Data Protection Law, 2020

DIFC Data Protection Law, 2020 Dubai International Financial Center (DIFC), issued DIFC Law Number 5 of 2020, a new Data Protection Law ("DPL"), replacing the existing Data Protection regime, first enacted in 2007. DPL aims to strengthen its standards by providing enhanced controls for the Processing and free movement of…

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Financial Lawyers in UAE
15 Sep 2020

Corporate Governance Law for JSC

Corporate Governance Law for Joint Stock Companies Corporate governance can be stated as a set of regulations, mechanisms, its process, and relations by which corporations are controlled and operated. It is a system of governance where the interests of various stakeholders involved with the Company is taken care of. It…

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Financial Lawyers in UAE
16 Aug 2020

Securities Finance in Bahrain

Securities Finance in Bahrain What are Securities and Assets? Securities is a financial instrument that is negotiable and holds some type of monetary value. It is equivalent to an ownership position in a corporation through the stock. Securities can be categorized into three types: Equities Debts Derivatives Equities Equity security…

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Lawyers in Dubai
14 Aug 2020

Importation and Distribution of Pharmaceuticals and Medical Devices in India

Detailed FAQ on the Distribution and Import of Pharmaceuticals in India Distribution of Pharmaceuticals in India The Indian pharmaceutical distribution system has a limited number of orbits – the pharmaceutical manufacturers; the clearing and forwarding agents (CFAs/ depots); stockists; wholesalers; and retailers. Clearing and Forwarding Agents What constitutes the role…

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corporate lawyers in Dubai
16 Jul 2020

Asset Management Regulations in UAE

Asset Management Regulations in UAE The asset management sector within the United Arab Emirates (UAE) is responsible for sustainable growth of financial sectors that aids in overseeing financial services and investment regime spread out across the seven Emirates. Investment management or asset management can be broadly apportioned into three sectors…

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