Due Diligence by Foreign Law Firms of UAE Entities Business transactions around the world often involve mergers, acquisitions or take-overs. Such transactions of the business organizations require thoughtful decisions which ultimately decides the future of the Company. Hence, due diligence holds the key to vital decisions of the economy as…
Read moreValidity of Side Agreements in the United Arab Emirates A side letter or a side agreement is an agreement that is not part of the primary contract or agreement but is an ancillary to the primary contract. A side agreement is used by parties a contract to confirm additional details…
Read moreShort Selling Provisions in European Union A curious story emerged on 11 April 2017 when a man was charged with planting a bomb under the Borussia Dortmund football club team bus in April. It was initially suspected to be the work of terrorists but the truth was actually much stranger—it…
Read moreHedging Strategies for Power Contracts Introduction The worldwide establishment of the power markets is primarily due to the global restructuring and reorganisation of the electricity and other energy supply market. Since the electric power industry is structured in three distinct segments of power generation ranging from production to transmission and…
Read moreDo you have outstanding bank loans and credit card payments? “Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.” Often, unexpected events can astound an individual in an array of ways like a change in employment, personal emergency, etc., which…
Read moreGenetically Modified Food Technology in UAE & Global Purview “The Food You Eat Can Be Either The Safest & Most Powerful Form of Medicine or the Slowest Form of Poison” -Ann Wigmore Since times immemorial humans have cultivated crops for food, they have been picky about beneficial traits for bumper…
Read moreBollywood Deals: Music Meets Dance Who isn’t a fan of Dilwale Dulhaniya Le Jayenge? The lens takes us to the romance set in the mountains of Switzerland to a typical wedding household in India with dance, music, drama, and emotion. Bollywood is one of the most prolific centers of film…
Read moreCross Border Mergers Introduction Recently there has been a noticeable wave of mergers (especially in the banking sector) within the GCC. Just in 2017, there were 85 mergers in the UAE and over 400 mergers in the GCC. Many of those mergers were cross border mergers; for instance, in the…
Read moreRecent Development in Abu Dhabi Healthcare Sector “It is health that is real wealth”- Mahatma Gandhi Introduction Over the past decades, the UAE health sector has witnessed a dramatic change along with impressive growth. UAE has a federal government which oversees the entire country’s health sector. The government also finances…
Read moreExclusion Clauses in the UAE The Importance of Contracts and Exclusion Clauses Contracts are vital documents at all levels of society. Whether in business or everyday life, contracts are formed all the time from the most straightforward dealings between individuals to the most complex business deals. There may be occasions…
Read moreThe Mining Industry in the United Arab Emirates The mining industry has for centuries been the driving force behind economies. Whether it is the mining of minerals or metals or precious stones, each mining industry plays a crucial role in the economic activities of many states globally. This principle is…
Read moreThe UAE Contract Law and Position of Third Parties Contractual relations are relations we enter into every day of our lives, whether express or implied, whether formally or informally. When people go to the grocery store, at the check-out counter, they enter into a contractual relationship with the store. They…
Read moreGuide on Initial Public Offerings in the GCC 2018-2019 Introduction The Initial Public Offering (IPO) is the first occasion on which a company will have shares put up on a stock market. An investment bank will underwrite the IPO and will arrange for the listing of the shares on one…
Read moreAcquisitive Limitation Period Introduction "The right is not going to be lost if someone behind is demanding it” which means that one will not lose his right as long as there is a request. Hence, the legislators derived the Statute of Limitation, which says that the parties must adhere to…
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