Transfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…
Read moreRedundancy under Labor Laws in the UAE The primary legislation regulating workplace relations in the United Arab Emirates is Law Number 8 of 1980 on labor relations, as revised by Federal Laws Number 24 of 1981, Number 15 of 1985, Number 12 of 1986, Number 8 of 2007 and Number…
Read moreVariation in Construction Projects What is a variation? A variation (also known as a variation instruction, variation order (VO), or change order) is an alteration to a construction contract's scope of work that involves addition, substitute, or omission from the initial scope of work. Almost every construction project deviates from the…
Read moreBounced Cheques and Implications Under UAE Law The dishonouring of checks has become a contentious and divisive issue in the UAE's legal landscape, owing to the serious consequences it now entails. In the UAE, Post Dated Cheques (PDC) are the most prevalent mode of payment, whether in a business-to-business or…
Read moreTelecommunication and Media Law Introduction The media and telecommunication industry is one that is fast evolving worldwide. From an earlier time period where Print and Radio were considered the primary outlet of entertainment and news, which was slowly replaced by television with a variety of channels for the viewer to…
Read moreSubcontract works under UAE Law Introduction Subcontracting is quite popular in today's construction business. Without engaging third parties with diverse experience and capacities to carry out certain aspects of the works, it would almost likely be unmanageable for one contractor to complete a construction project, especially if the project entails…
Read moreSCA: Abu Dhabi Stock Exchange- Rules, Regulations, and Procedures Introduction The Abu Dhabi Securities Exchange (ADX) as of now, lists 73 companies. The listed companies include those from the banking, insurance, services, industry & hotels sectors. They include First Abu Dhabi Bank and Etisalat. The following article will cover the…
Read moreEarly Termination of Tenancy Contracts in the UAE Introduction A tenancy contract is a rental agreement between a tenant and the landlord that must be signed before receiving the keys of the real estate property. A tenancy contract is essentially a legally binding agreement that allows the tenants to use…
Read moreRail Infrasructure Projects in the GCC Rail Projects are always an ambitious and expensive affair every country hopes for, not to mention the long time periods required to complete and establish such projects as operational. While providing extensive environmental benefits, reducing the pollution created by cars and other heavy operational…
Read moreSmart Contracts and Blockchains Smart Contracts, the anchored scripts on blockchains, permit the transparent execution of predefined processes. Using smart contracts, assets like money become programmable, which opens up previously inaccessible application potential. Smart contracts are exceptionally effective and control billions in value. Popular now, however, invented in 1994, when…
Read moreThe Legality of Backdating Contracts Introduction The “contract date”, seemingly a very basic concept, can contribute to some problems and confusion among parties contracting therein. The main issue that parties may face is regarding the interpretation of the dates mentioned in the contract. There are essentially three types of dates…
Read moreIT: Future of digital forensics Introduction The IT industry is constantly evolving, and as a result, many people are becoming victims of malware, corporate spearfishing and whaling exploits, mobile devices, and the theft of confidential private data. The collection, storage, study, and presentation of evidence from digital media are all…
Read moreLegal Entitlement to Interest under UAE Law, and applicability "Interest on debts grow without rain." -Yiddish Proverb Paying off the debt is…
Read moreTo or Not to NFT NFTs (non-fungible tokens) are a type of crypto asset that exists on the blockchain, which is a network that supports other types of cryptocurrencies. Furthermore, crypto assets in their NFT form are non-transferable, making them one-of-a-kind. Likewise, it is because of its rarity and uniqueness…
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