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…
Read moreDIFC 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…
Read moreCorporate 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…
Read moreSecurities 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…
Read moreDetailed 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…
Read moreAsset 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…
Read moreSweat Equity Shares A Achar “A small piece of a big pie is better than a large piece of a small pie.” Those who embrace this adage willfully are the most successful entrepreneurs and investors in the world. If your heroes are the likes of Zuckerberg, Bezos, Gates, or Musk,…
Read moreCompetition Law in UAE If a certain organization succeeds in overtaking the market by outshining its competitors, then the competitors face abuse of a dominant position which leads to a competitive market being governed by erroneous marketing mechanisms. Such erroneous market mechanisms would also include within its ambit where two…
Read moreJoint Ownership of Intellectual Property Introduction Henry David Thoreau said, “the world is a canvas to the imagination.” This is very accurate as ideas are the foundation of any success, business, or personal. Depending on the effort put and the extensive research into the innovation, it is safe to…
Read moreTransfer of Shares in UAE The governing of transfer of shares in a company is done by Federal Law Number 2/2015 on Commercial Companies Law (CCL) in the United Arab Emirates (UAE). The different types of companies that can be set up under the CCL comprise of a joint liability…
Read moreDMCC Company Regulations, 2020 Regulations in the business world are essential and a mechanism to protect workers, public safety, businesses, and investments. However, regulations which are inefficient or inadequate can indeed stifle entrepreneurial activity and business growth which ultimately impacts the ease of conducting business. For instance, it takes about…
Read moreDue Diligence by Foreign Law Firms of UAE Entities Business transactions around the world often involve mergers, acquisitions or take-overs. Such transactions of the business organizations require thoughtful decisions which ultimately decides the future of the Company. Hence, due diligence holds the key to vital decisions of the economy as…
Read moreMAC Clauses in M&A transactions In M&A transactions, buyers continuously grapple with the risk of the business ultimately delivered on closing falling short of what the buyer agreed to acquire. The parties negotiate the allocation of the risk between the buyer and the seller; the material adverse change "MAC" provisions…
Read moreValidity of Side Agreements in the United Arab Emirates A side letter or a side agreement is an agreement that is not part of the primary contract or agreement but is an ancillary to the primary contract. A side agreement is used by parties a contract to confirm additional details…
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