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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
16 Feb 2021

Initial Public Offering - Qatar

Initial Public Offering - Qatar Introduction Qatar Exchange Company was established in 2009 replacing the Doha Securities Market. The exchange is monitored by Qatar Financial Market Authority (QFMA) and is a platform for trading various securities in the form of IPOs and other financial instruments. The Qatar Financial Centre (QFC)…

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Financial lawyers in Dubai
14 Feb 2021

The Collective Investment Law (DIFC Law No. 2 of 2010) – An Overview

The Collective Investment Law (DIFC Law No. 2 of 2010) – An Overview Collective Investment Law of 2010 The Collective Investment Law (DIFC Law Number 2 of 2010) came into force on 1 July 2010, and applies in the jurisdiction of the Dubai International Financial Centre. The Collective Investment Law…

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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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Lawyers in Dubai
07 Feb 2021

Amendment of Income Tax Act– Singapore

Amendment of Income Tax Act– Singapore What is the Tax System in Singapore? The tax revenue collection in Singapore includes corporate tax, personal tax, Goods & Services tax, and property tax. The tax system in Singapore is one which many countries thrive on echoing as it is known for being…

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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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Law Firms in Kuwait
03 Feb 2021

Initial Public Offering : Kuwait

Initial Public Offering - Kuwait Introduction As per Law Number 7 of 2010, Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, Security is defined as, “Any instrument - in any legal form - that evidences ownership of a share in a financial transaction and that is…

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Lawyers in Dubai
31 Jan 2021

Company Formation in Dubai Media City

Dubai Media City Freezone 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 Zone…

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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 Abu Dhabi
27 Jan 2021

Abu Dhabi: Legislative Amendments to freehold Ownership Laws

Abu Dhabi: Legislative Amendments to freehold Ownership Law Introduction  Abu Dhabi, being the capital of the UAE, is a sea of opportunity for growth of the business, investment, technical and urban development. However, it has yet to reach its full potential.  A research conducted by the Abu Dhabi Urban Planning…

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Lawyers in Dubai
25 Jan 2021

Initial Public Offering - Lebanon

Initial Public Offering - Lebanon Introduction The Banking Control Commission (BCC) was established in 1967 in Lebanon by the Central Bank of Lebanon (BDL) to administrate banking and control of the Central Bank. The BDL regulated banking as well as the financial market. In 2015, the Central Bank established the…

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Lawyers in Abu Dhabi
25 Jan 2021

Deficient Services under Consumer Protection Act, 2019 (India)

Deficient Services under Consumer Protection Act, 2019 (India) The Consumer Protection Act, 2019 (the “New CPA”) heralds the commencement of a new era in India concerning the consumer rights to be in sync with the new-generation consumer expectations. The modes of business like telemarketing, direct selling, multilevel marketing and e-commerce…

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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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