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Financial Lawyers in UAE
19 Feb 2021

Environment Laws and Regulations in 2020: Bahrain

Environment Regulations 2020: Kingdom of Bahrain 1. What is the main legislation governing contamination of land in Bahrain? What are the main penalties and how is liability determined? Bahrain Ministerial Order No. 21/1996 with respect to the Environment governs the issue of land contamination. Land is effectively protected by the…

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Lawyers in Abu Dhabi
14 Feb 2021

Guide on Avoidance of Double Taxation (DTAA) – UAE & India

Guide on Avoidance of Double Taxation (DTAA) – UAE & India Introduction  Benjamin Franklin once said, there are two things you cannot avoid; death and taxes. In a country like the UAE, where tax is almost invisible, corporate tax is levied on oil companies and foreign banks as part of…

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Criminal Lawyers in Dubai
04 Feb 2021

Inchoate crimes and criminal responsibility

Inchoate crimes and criminal responsibility: UAE Law Introduction  As a general rule, criminal codes punish all those criminal acts preceding the commission of a crime. The liability hereunder is determined by the intention to commit the crime. It is to be kept in mind that, merely thinking about committing a…

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Lawyers in Dubai
31 Jan 2021

Termination of Sale Purchase Agreement in the UAE

Termination of Sale Purchase Agreement in the UAE Introduction  A Sale and Purchase Agreement (SPA) is a widely used contract/agreement in business transactions. It is predominantly used in the land department. It is beneficial, and a vital necessity that people looking to settle or finalize a deal of either property…

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Lawyers in Dubai
17 Jan 2021

Amendment of Dubai Financial Support Fund

Amendment of Dubai Financial Support Fund Law Number 10 of 2019 (the “New Law”), partially amended Law Number 24 of 2009 on the establishment of the Dubai Financial Support Fund, was issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates.…

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Financial Lawyers in UAE
15 Jan 2021

Federal Law Number 4 of 2020 on Securing Interest over Movable Assets

UAE: Federal Law Number 4 of 2020 on Securing Interest over Movable Assets  Introduction  Federal Law Number 20 of 2016 concerning mortgage of movable properties has been repealed and replaced by the introduction of Federal Law Number 4 of 2020 on securing interest over movable assets. It is imperative to…

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Lawyers in Abu Dhabi
12 Jan 2021

Enforcement of New York Convention Award in the UAE

Enforcement of New York Convention Award in the UAE Introduction  Arbitration clauses are becoming more and more prominent in corporate agreements, the reason behind this is the ease with which disputes can be dealt with as compared to the traditional court system. In any case, a corporation may find that…

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Criminal Lawyers in Dubai
07 Jan 2021

Concealment of Assets in Bankruptcy

Concealment of Assets in Bankruptcy Introduction  A businessman's business is basically his baby; the decision of going through the process of bankruptcy is probably the most difficult decision that a company has to make throughout its lifetime. Everyone involved in the procedure, be it, the debtors or creditors are losers…

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Financial lawyers in Dubai
04 Jan 2021

Initial Public Offering – UAE

Initial Public Offering – UAE An initial public offering is a process that allows companies to offer their shares to the public for the first time. This can be done by publishing a prospectus, offering shares for subscription, submitting relevant documents for approval and so on. Further, Public Joint Stock…

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corporate lawyers in Dubai
16 Dec 2020

UAE: Effect of the Amendment to the Companies Law on LLCs

UAE: Effect of the Amendment to the Companies Law on LLCs Introduction The UAE government has recently amended Federal Law Number 2 of 2015 (hereinafter referred to as “Old Law”) by issuing Federal Decree-Law Number 26 of 2020 (the “New Law”). The introduction of this amendment has effectuated an overhaul of…

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corporate lawyers in Dubai
15 Dec 2020

Doing Business in Ras Al Khaimah 2021

Doing Business in Ras Al Khaimah 2021 Enforcing Contracts Questionnaire 1.Case Study Assumptions Two domestic companies - Seller and Buyer - conclude a contract for the sale of some custom-made goods. Further to such contract, Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, custom-made furniture.…

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Technology Lawyers in Dubai
14 Dec 2020

A Guide to Autonomous Machine Testimony

Autonomous Machine Testimony Smart objects have taken over our homes, workplaces and communities, and over the coming decades, the volume of legally admissible data from these devices is likely to be more. The new culture is to have voice-activated technology as digital assistants, smart appliances, and personal wearable devices.  Lawyers…

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Law Firms in Dubai
12 Dec 2020

Amendments in Insolvency Law in UAE

Amendments in Insolvency Law in UAE The laws concerning insolvencies of the United Arab Emirates-domiciled companies are fairly recent (the "Bankruptcy Law"). The Bankruptcy Law has been an important step forward and is influenced by features of a number of insolvency laws in other jurisdictions and international insolvency law trends.…

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Property Lawyers in Abu Dhabi
10 Dec 2020

Confidentiality in International Arbitration

Confidentiality in International Arbitration Introduction  Confidentiality is the essence of trust, which is why individuals, corporations and even government bodies resort to Arbitration. Confidentiality is attractive to litigants internationally for a myriad of reasons, like freedom of making arguments which would not normally be made at a public forum, or…

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