New Commercial Agencies Law in the UAE The Old law was seen to be more in favor of the agents; giving a better legal stance for agents compared to that of principals. Notwithstanding, the New law comes with the spirit of striking harmony among principals and agents. Furthermore, the New…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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Commercial Agency and Distribution Agreements in the UAE “We become what we behold. We shape our tools, and thereafter our tools shape us.” …
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Agency Laws in the GCC Countries - An Extensive Guide Introduction The extension of the multinational partnership is either setting up its subsidiary in remote purview or to tie up with the local organization in a foreign jurisdiction. United Arab Emirates (UAE) is one of the distant locals where international…
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We have already highlighted in a previous article1 the fact that the Federal Law no. 18 of 19812 , also known as UAE Commercial Agency Law (the Law), has a protectionist approach favoring the Agent, defined therein as “A natural person holding the nationality of the state, or a juridical…
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Headache? Perhaps you’d take paracetamol. Upset stomach? Maybe an indigestion pill. Cold or flu? You might consider anti-congestant medication. In the United Arab Emirates, such pharmaceuticals are easy to come by, with the majority of people likely to have a supply already to hand in their purses or bathroom cabinets.…
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As STA Law Firm continues to explore, broaden and diversify its presence in newer jurisdictions, our team of attorneys continues to be committed to providing bespoke and strategic legal advice. Jennifer Leader discusses the Agency Law of Qatar and provides significant inputs for all - agents, distributors, principals, and investors…
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UAE Commercial Agency Law - A Detailed Insight An agency agreement is a legal contract which creates a fiduciary relationship between two parties, whereby the first party (the Principal) agrees that the actions of the second party (the Agent) binds the Principal to later agreements made by the Agent, as…
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