Law Blog Categories

Business Setup in ADGM
28 Jul 2017

Company Formation in Abu Dhabi Global Markets

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 | Special Purpose Vehicles UAE | ADGM SPV
22 Jul 2017

Special Purpose Vehicles

  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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Asset Securitization in the UAE
26 Mar 2017

Asset Securitization in the UAE (Part II)

Asset Securitization in the UAE  (Part II of II) In part one of our series on Asset Securitization, we defined asset securitization, reinforced its importance and illustrated the ways in which it is used for financing purposes. In fact, asset securitization transactions had evolved centuries back and were also, incredibly pervasive…

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Islamic Finance Lawyers in Dubai
01 Aug 2016

Clash of Jurisdictions: Applicability of Islamic Finance Principles under English Law

Clash of Jurisdictions Applicability of Islamic Finance Principles under English Law As in any religion, one may argue, there exists a spectrum of devout belief spanning from those who strictly follow the teachings of the Qur’an, to those that rarely feel the impact of their faith on a daily basis.…

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Insurance Lawyers in Dubai UAE
11 Apr 2016

UAE Insurance Law

INTRODUCTION: The Insurance Third Party Administrators have become the vital section of the insurance industry and changing the facade of the insurance sector all around the world. Third party administrators are neither insurance providers nor insured. They are the service providers bridging the gap between the two and serves the…

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Data Protection Lawyers
11 Apr 2016

Dubai Data Law: Let’s share!

Dubai Data Law In October last year, Dubai introduced the new ‘data law’ which will allow the sharing of information between public sectors and for the benefit of the private sector. This Article aims to understand the concomitants of such a move. Remember that time when a dial-up icon popped…

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06 Mar 2016

UAE Insurance Law – Detailed Overview

Federal Overview Within the United Arab Emirates, insurance is largely governed at a Federal level by the Insurance Authority (IA) which was established pursuant to Federal law Number 6 of 2007 (the Insurance Law). The law replaced the previous enactment being Federal Law No.9 of 1984 on Insurance Companies and…

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03 Dec 2015

Share Pledge for Commercial Facilities

Diageo, a company more commonly associated with alcoholic beverages Smirnoff, Guinness and Johnnie Walker in the United Kingdom- held almost 27.8 percent stakes in a company called United Spirits Limited, one of the leading spirits company in the Indian market by volume.  A series of share pledges by United Spirits…

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UAE Banking Law
10 Nov 2015

Till Breach do us apart - The Law Surrounding Prepayment Premiums

There is a severe need for consistency in the market dealing with publicly traded securities as rapid advancements in the legal diaspora can add unwitting complexity to the requirements of the debtors. If the contracts between borrowers and lenders do not outline distinct covenants which comply with the local laws…

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Corporate Law Firm in UAE - STA Law Firm
21 Mar 2014

Corporate Governance under UAE Law

Corporate Governance Under UAE Law An ounce of prevention is worth a pound of care. The old adage holds true when principles of corporate governance and their implementation in the GCC are discussed. Implementation of good corporate governance practice perhaps is worth a battle of the ownership dispute, succession issues,…

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DIFC Property Law
13 Mar 2014

DIFC Property Law - Updated Article

The current global investment climate is a ‘mixed bag’ of healthy, stable and crippling economies. The dollar continued to be the global currency for millennia but with countries deciding to introduce their local currencies to the mainstream – such news have led to a plethora of questions and debates. Introduction…

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