TECHNICAL ASPECTS OF AIRCRAFT LEASING (Part 1 of 2) In the first issue of this two-part series, aviation lawyers at STA discuss the types of aircraft leasing and the legal aspects therewith. Our attorneys have on many occasions advised clients on the legalities surrounding different types of aircraft leasing and…
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DIFC: A Jurisdictional Overview The DIFC courts exist as a jurisdictional island within the Dubai panorama. The Dubai International Financial Centre (the DIFC) Courts were established back in 2004 by His Highness, Dubai's ruler at the time, Sheikh Maktoum bin Rashid Al Maktoum. Providing an independent administration of justice in…
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Company Formation in Dubai Airport Free Zone In its early years, the renowned Emirates airlines had to lease aircraft(s) from its counterparts in Pakistan to meet the growing demand in the aviation industry in the Middle East. Although, the global airline sector back then was not the same as it is…
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Note Unnote - Recent Developments in Indian Companies Act This line was added at the last minute. Before adding this line, the title to this article was changed. Just in case you were thinking that there’s no word such as ‘unnote’, believe me – there is. It means not noting;…
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Share Unshare – The 51:49 rule in UAE on Share Distribution in LLCs Profit is not the (only) legitimate purpose of (any) business. The legitimate purpose of business is to provide a product or service that people need and do it so well that it’s profitable. James Rouse Paula J…
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Company Formation in Abu Dhabi Global Market The impact of globalization and elimination of trade barriers is considered to be an economic merit that consolidated the domestic markets of the world under one roof. However, there also exists an opposing view to this concept. Some financial pundits have argued that…
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Special Purpose Companies or Vehicles (the SPCs or SPVs) are temporary companies set up to achieve a precisely structured financial operation. SPCs provide an alternative mode of financing transactions. Put simply they are subsidiary companies of a parent company, whose assets are protected from the actions of the parent company.…
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The word 'efficiency' may not mean much for those of you who were absent during economics class in school. It is a term around which the whole concept of economic studies in based. Investopedia[i] defines 'efficiency' as the allocation of resources in an optimal manner to serve a company…
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Legal Responsibility of the New Partner in a Company New and strategic partnerships can be a great way to reinvigorate a dull and lackluster business. This exercise has been carried out several times over the past few years by Fortune 200 companies choosing to partner to establish a stronghold on their market.…
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The new Takeover and Merger Code of Singapore Our current capitalistic society has created an atmosphere of intense competition. Of course, competition isn’t the worst thing in the world, being one of the most important reasons we get the high-quality products and services that we do. Consumerism is only…
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Liquidation of Limited Liability Companies in the UAE Introduction: The dawn of 2015 showcased significant developments in the United Arab Emirates when Federal Law Number 2 of 2015 (the Companies Law). This statute amended the major portion of the law governing legal entities in the country’s mainland. The Companies Law…
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Post-Closing Transactional vs Ongoing Enterprise Due-Diligence “Diligence is the mother of good fortune.” - Miguel de Cervantes Saavedra Introduction In July 2016, the Australian Securities and Investments Commission (ASIC) stated that it’s review of 12 initial public offerings (10 of which were small and mid-sized companies), found incredibly poor due…
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Medicinal Product Regulation and Product Liability in the United Arab Emirates: An Overview (Part I of II) 1. What are the main legislation and regulatory authorities for pharmaceuticals in your jurisdiction? Response: Applicable Legislation: Federal Law Number 4 of 1983 (Pharmaceuticals Law 1983) governs and applies to: · Pharmacists. · Pharmaceutical establishments.…
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Different Strokes for Different Courts In January of 2012, Macy’s, a renowned retail store, decided to sue Martha Stewart for entering into a contract with a rival retail store J.C. Penney, which they claimed breached their own contract with Martha Stewart for exclusive products in 2006. This led to a…
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