The word 'efficiency' may not mean much for those of you who were absent during economics class in school. It is a term around which the whole concept of economic studies in based. Investopedia[i] defines 'efficiency' as the allocation of resources in an optimal manner to serve a company…
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Legal Responsibility of the New Partner in a Company New and strategic partnerships can be a great way to reinvigorate a dull and lackluster business. This exercise has been carried out several times over the past few years by Fortune 200 companies choosing to partner to establish a stronghold on their market.…
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Guarantee - Law, and Practice in UAE “Credit is a 'system' wherein a person who can't pay, gets another person who can't pay, to guarantee that he can pay.” - Charles Dickens In this modern world of fragile finances, the irony of Charles Dickens’ statement is well understood.…
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Post-Closing Transactional vs Ongoing Enterprise Due-Diligence “Diligence is the mother of good fortune.” - Miguel de Cervantes Saavedra Introduction In July 2016, the Australian Securities and Investments Commission (ASIC) stated that it’s review of 12 initial public offerings (10 of which were small and mid-sized companies), found incredibly poor due…
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Company Formation in Sharjah International Airport Free Zone (SAIF Zone) 1. What law established this Free Zone? Sharjah Emiri Decree Number 2 of 1995 established both the Free zone at Sharjah International Airport and the Sharjah Airport International Free Zone Authority. 2. What are the main internal regulations governing this…
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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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The New UAE Commercial Companies Law (Federal Law number 2 of 2015) Although the primary objective of companies law is to safeguard interests of shareholders, modern/current day investment climate dictates that the legislation dealing with companies should:- i) serve the interests of business at large; ii) provides for simple…
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Control of the Media in UAE Law If the head of STA was to look at the internet tabs open on our computers right now he’d wonder if we had done any work today, with Facebook, BBC News, The National, Buzz feed, the Financial Times and various national publications from…
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The payment of debts is necessary for social order. The non-payment is quite equally necessary for social order. for centuries humanity has oscillated, serenely unaware, between these contradictory necessities. Simone Weil The need to restore capital buffers in the wake of ‘bad debts’ forced more than one British bank (s)…
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Particulars COMPANY FORMATION IN JAFZA - JEBEL ALI FREE ZONE - DUBAI COMPANY FORMATION IN DUBAI AIRPORT FREE ZONE BUSINESS SETUP IN DUBAI MEDIA CITY COMPANY FORMATION IN DUBAI INTERNET CITY DUBAI GOLD & DIAMOND PARK Business Setup in Dubai Health Care City Dubai Multi Commodities Centre SHARJAH AIRPORT INTERN'L…
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Corporate Governance In The UAE “When it comes to health, your zip code matters more than your genetic code. &Dr. Tony Iton when one thinks of a hospital, the image that pops up in one’s head is that of doctors, emergency rooms, operating theatres and ambulances. What we fail to…
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COLLECTIVE INVESTMENT SCHEMES: SKYLINING DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC) LAW “The first step towards getting somewhere is to decide that you are not going to stay where you are.” Investments require one to take a risk and it is often advised that this risk should be a calculated one. According…
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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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