LEGAL FUNCTION AND FRAMEWORK IN ADGM What a year to be investing in the United Arab Emirates! According to statistics published by the International Monetary Fund (IMF), the nation’s GDP hit USD 419,000,000,000 (US Dollars four hundred and nineteen billion) in December 2014 – a 4.8 percent increase on…
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Decree Number 21 of 2013 – One Year Later We’re all familiar with the story. Mr. A buys property off-plan. Developer advises property completion will occur by 201X. Mr. A awaits handover with anticipation. 201X comes and goes, with no news on the property. Developer or sales agent contact Mr. A…
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Arbitration in the UAE Any discussion on recent developments in the field of civil litigation must address the virtual revolution that has taken place with regards to alternative dispute resolution. Needless to say that the legal system has witnessed a steady growth in litigants’ recourse to Alternative dispute resolution (the…
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All change is not growth, as all movement is not forward (Ellen Glasgow) The term ‘change’ in simplest form means going from one state to a new state. Although the word ‘change’ is broad enough to connote positive as well as negative change, the likelihood of ‘change’ unfold- ing positive…
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Private Joint Stock Companies and UAE Law When the weather changes, nobody believes the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed.- Benoit Mandelbrot The UAE economy in the wake of the financial crisis continues to…
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Tippy tippy tap…what color are you? Registration of Color marks Feeling blue or are you seeing red because you are turning green with jealousy at the neighbor’s new car? Colors are not only used to describe the emotions we are feeling, but they are imperative in the world we live…
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Registration of Smell, Fragrance, Olfactory marks and Aroma Trademarks - Global Overview What’s in a smell? Smell is one of the five senses. Human mind reacts differently to smells. Smell is abstract and often gets linked to obscure events such as the smell of success or smelling a rat. ‘Would…
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Questions that are generally debated these days within business and legal diasporas pertain to the recession aftermath. These questions seek to inquire matters such as i) what led to the recession, ii) could it have been prevented and; iii) what do we learn from this precedent? For instance, let us…
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It is the striking imagery of global warming that opens our eyes to the idea of climate change. The melting snow caps, the stranded polar bears, declining air quality and the rising ocean temperatures are images that have had a searing effect on the human mind and encouraged dialogues about…
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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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