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Lawyers in Dubai
Oct 2018

A Guide to Non-compete Clauses in the MENA Region

A Guide to Non-compete Clauses in the Middle East Introduction Non-compete clauses are sometimes incorporated into the contracts of employees to ensure the security and protection of the employer if an employee decides to move to another company. When working for an entity, individuals will likely pick up on and…

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Lawyers in Dubai
Aug 2018

Cryptocurrency– A Magical Bubble or The Future of Currency?

Cryptocurrency– A Magical Bubble or The Future of Currency? The noise and media surrounding the notion of cryptocurrency have been increasing the curiosity rapidly. Before curiosity kills the cat, let's walk through the story of cryptocurrency. Cryptocurrency is an innovative and a virtual currency that utilizes cryptography for security and…

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Lawyers in Abu Dhabi
Jun 2018

Abu Dhabi Global Markets: Civil Court

ADGM Civil Court Proceedings Abu Dhabi Global Markets (ADGM) located in the capital of UAE in the city center of Abu Dhabi is an international financial center for local, regional and international organizations. ADGM is a channel that connects UAE with the world with its essential hub for global commerce.…

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Business Setup in ADGM
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
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
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
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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Bitcoins and Multi Level Marketing (MLM)
Jul 2016

The Fueling Of MLM through Bitcoins

The Fueling of MLM through Bitcoin Pragya Gianani; Shahed Abdul-Dayem; and Faraz Salat discuss the legal aspects surrounding multi-level marketing and usage of bitcoins.   Any entrepreneur will tell you that the success or failure of a startup, business idea, or product depends on demand. Supply and demand are the…

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The Abu Dhabi Global Market - STA Law Firm - 2016-2017 - Lawyers in Abu Dhabi
May 2016

Abu Dhabi Global Markets: Rising to the Challenge

 Abu Dhabi Global Markets: Rising to the challenge Historically, finance has always been ‘international’ in character; capital has rarely been mobile. Money has moved freely across borders for all of the civilization with gold and silver being global currencies for millennia. With the passage of time, money has been reverting to its…

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Insurance Lawyers in Dubai UAE
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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public-private-partnership-dubai-law-firm
Apr 2016

Project Financing - a Primer

Project Finance as the technique of financing any development idea is rapidly increasing in developing countries due to their drive to gain industrial development and improve infrastructural amenities. The infrastructural projects or projects relating to energy industry are usually funded by the government through public funds since historical times due…

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Data Protection Lawyers
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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UAE-Insurance-Law-Update
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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share-pledge
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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