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Financial Lawyers in UAE
02 Aug 2022

Evolution of Fintech in the Middle East

Evolution of Fintech in the Middle East “The major winners will be the financial services companies that embrace technology.” With a population of about 600 million people, the Middle East is one of the world's most diverse areas, covering three continents and 21 countries. It is a culturally, politically, and…

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Financial Lawyers in UAE
29 Jun 2022

Establishing a Foundation in the UAE

Setting Up a Foundation in the UAE “Reliable structure needs a strong foundation and strong foundation requires investment” ― Guru Z.S. Gill UAE Foundations are an integral part of the country’s wealth management system. It is an independent legal entity. Foundations are usually created to protect the desires of the Founder…

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Lawyers in Abu Dhabi
19 May 2022

International Registration of Trаdemаks

Madrid System for the International Registration of Trаdemаks Introduction Two independent treaties govern the registration of trademarks around the world and they are Madrid Agreement and Madrid Protocol. Combining the agreement and protocol is the Madrid System for International Registration of Marks. Countries that are part of the Convention and…

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Property Lawyers in Abu Dhabi
11 May 2022

Force Majeure Events and Contract Clauses in GCC

Force Majeure Events and Contract Clauses in the GCC Force Majeure is a French word that means a greater force in English. It is connected to the concept of the Act of God, where there is an unexpected happening of event.  Although, Force Majeure is an exception as it includes not…

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Lawyers in Abu Dhabi
04 May 2022

Impact of Artificial intelligence on Legal Sector

Impact of Artificial intelligence on Legal Sector The stimulation of human intelligence process by a machine is termed as Artificial intelligence. Mostly this is done by the computer systems. The Specific applications of Artificial intelligence include natural language processing, speech recognition and machine vision. In simple words it is programming a…

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Law Firms in Dubai
12 Apr 2022

Federal Law Number 6 of 2021: Introduction of Mediation Law in UАE

Federal Law Number 6 of 2021: Introduction of Mediation Law in UАE Introduction А process where an unbiased third party helps the disputing party to resolve their disputes or conflicts by the use of specialized techniques and methods of negotiations is referred as mediation. It is an аlternаtive dispute resolution mechanism…

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arbitration lawyers in Dubai
04 Apr 2022

Decree 34 of 2021 and its impact on arbitration

Decree 34 of 2021 and its impact on arbitration Decree No. 34 has been issued on Sept. 14, 2021, and took effect on September 20, 2021. The Decree canceled two arbitration organizations in Dubai: I the Arbitration Organization of the Dubai International Financial Centre ("DIFC"), which included the DIFC-LCIA arbitration…

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Law Firms in Dubai
13 Mar 2022

Understanding Censorship Across the GCC

Understanding Censorship Across the GCC Censorship is one method of the government to control media. Censorship is characterized as concealment or forbiddance of speech or composing that is considered subversive of the benefit of everyone. It happens in all manifestations of power in some degree, yet in present day times…

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Criminal Lawyers in Dubai
01 Mar 2022

Dealing with Counterfeits in the UAE

Dealing with Counterfeits in the UAE Introduction Businesses engaging with counterfeit items in the UAE now risk significantly harsher sanctions, again for legitimate brand owners. The maximum punishment for counterfeiting has been increased from AED 10,000 (about USD 2,700) to AED 1 million (approximately USD 275,000) for pharmaceutical and food…

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Lawyers in Dubai
27 Feb 2022

Decree 34 of 2021 and Development in Arbitration in Dubai

Decree 34 of 2021 and Development in Arbitration in Dubai "Arbitration is justice blended with charity" - Nachman of Breslov The Dubai Decree number 34 of 2021 regarding the Dubai International Arbitration Centre was published on 14 September 2021. The new Decree will reform the framework of Arbitration in the Emirate of Dubai.…

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Law Firms in Dubai
23 Feb 2022

Buy Now, Pay Later (BNPL) offerings in the UAE and Legalities Surrounding them

Buy Now, Pay Later (BNPL) offerings in the UAE and Legalities Surrounding them In these times of economic instability, and as the coronavirus continues to wreak havoc worldwide, buy-now-pay-later (BNPL) solutions are eclipsing credit cards more conveniently and transparently to fund transactions. E-commerce has developed over the last two years,…

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Data security Laws in UAE
10 Feb 2022

Crypto Asset Regulation in the UAE - A Guide

Crypto Asset Regulation in the UAE - A Guide The sphere of crypto assets is continuously evolving in all spheres in the global area. The terminology is simultaneously advancing with terms such as crypto assets, cryptocurrencies, security tokens, etc. The regulation of these crypto-assets is a matter of frequent discussion…

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Lawyers in Abu Dhabi
09 Feb 2022

Dubai Production City Freezone

Dubai Production City Freezone 2022 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 Media Free…

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Lawyers in Abu Dhabi
02 Feb 2022

Patent waiver on vaccines

Patent waiver on vaccines A patent right is an absolute right given for an invention of a product or process which will proscribe others from utilizing, distributing or retailing the product without the consent of the owner. The patent protection is subjected under the TRIPS agreement. The patent holders have the prerogative to manufacture, sell, and use the vaccine for the entire term of 20 years from the date of the filing of the…

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