Agency Law of Russian Federation - FAQs STA continues to be in the vanguard of trade and commerce across national boundaries. As we continue to advise clients on matters of franchise and agency law within the Russian marketplace, in this issue we take a close look at the Russian law…
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Who’s Fooling Whom? Combating Counterfeits: The UAE Context “If buyers wish to be snobs, the law will protect them in their snobbery. i” Consumer industry is demanding and precisely so when it relates to high-end luxury at a fraction of the retail cost. One would be only foolish…
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Trade Finance - Letter of Credit in UAE Context A documentary credit or a letter of credit is usually used to finance international trade. Judges have referred to documentary credits as the “lifeblood” of global commerce. Most documentary credits in international transactions are governed by the International Chamber of…
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The due diligence is sin qua non for the purposes of investments, acquisitions, joint ventures, partnerships or such other essential investment ventures. It provides rational assurance on the investment related to assessment, financing, and purchase of assets. The mining companies, by its nature of exploration and mining, launch itself or…
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“We’ll build a city dedicated to supporting entrepreneurs in Dubai. I invite the Arab youth to join the march of innovation and entrepreneurship,” his Highness Sheikh Mohammed bin Rashid al Maktoum, Vice President of the United Arab Emirates (UAE), Prime Minister and Ruler of Dubai asserted. Just when you think…
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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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“In a world that’s changing so quickly, you are guaranteed to fail, if you do not take any risks” …
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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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“I hate the notion of a secret recipe. Recipes are by nature derivative and meant to be shared - that is how they improve, are changed, how new ideas are formed. To stop a recipe in its tracks, to label it "secret" just seems to mean.”- Molly Wizenberg, Food blogger …
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ADCCAC - The Abu Dhabi Commercial Conciliation & Arbitration Center Evolution has created several ways of defying the unsettling consequences of disputes. In the animal kingdom, where survival is dependent on mutual respect, harmony, and assistance, there is a need to maintain beneficial relationships. For example, chimps kiss and embrace…
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Construction Insight: The sight of a rainbow in the middle of a desert is a rather recherché glimpse. The United Arab Emirates, however, is not a conventional desert panorama come true. Take for example the construction industry in the region. There is an interesting mix of cultures…
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For a variety of reasons, it is highly likely that most people’s instincts would incite them to answer “no”! However, if we peruse UAE legal texts we will find that actually, in most cases, the answer will be “yes”! Litigation is one of the basic rights guaranteed by most world…
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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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Investors interested in forming their companies are required to comply with the provisions of the UAE Commercial Companies Law of 1984, as amended (the Law).The Law regulates and provides for different forms of commercial entities investors can choose from. Although expatriate investors can own one hundred percent shares in free…
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