Need for Speed: Summary Proceedings under UAE Law The judicial system of a country is the pivotal recourse that is available to the public in order to resolve their disputes without taking law and order in one’s hands. However, the courts consume time to analyze and conclude on an issue…
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Clash of Jurisdictions Applicability of Islamic Finance Principles under English Law As in any religion, one may argue, there exists a spectrum of devout belief spanning from those who strictly follow the teachings of the Qur’an, to those that rarely feel the impact of their faith on a daily basis.…
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Aircraft Mortgages STA's team of aviation lawyers discuss the technical aspects surrounding aircraft financing, mortgages, governing law and court precedents under global context. An economy's financial markets are critical to its overall development. Banking systems and stock markets enhance growth and development, the principal factor in poverty reduction.…
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Re-MEDIA-ble – A discussion on contracts relevant to Media and Entertainment Industry In this Article, Zisha Rizvi discusses the ongoing trends in the Media and Entertainment Industry within the United Arab Emirates, the status of free zone media houses and a brief on the compliance requirements. “I holly- wood”. On…
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Private Equity Secondary Buyouts (SBOs) Private Equity (PE) secondary buyouts are often used as exiting strategy for investment besides initial public offerings (IPOs) or acquisitions and also considered as panic sales. In Secondary buy-outs (SBO) a Target which is owned by a PE provider and management is acquired by another…
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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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Spotting the Fake: Forgery under UAE Law (Part 1 of 2) The creation of an idea, a work of art involves persistence and a visionary acumen, to say the least. Such is the allurement surrounding element of individuality that it has continued to lure the less privileged into forgery from time…
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OW Bunker Dilemma Who to pay when the bunker supplier becomes insolvent 1. Introduction The collapse of OW Bunker group (the OW) has been extensively reported worldwide. OW has been one of the world’s largest bunker suppliers filed for bankruptcy in 2014. The financial collapse of OW has far-reaching consequences…
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Unmanned Aerial Vehicles – Dealing with Drones - Global Overview From the printing press to the atomic bomb, humankind reveals an inclination to innovate first and plan later. It is a simple truth that technology develops faster and further than law. Cars and hi-tech smartphones are everyday examples of techniques…
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Dry Cleaning Your Genes ‘The good thing about science is that it’s true whether or not you believe in it’ - Dr. Neil deGrasse Tyson During the early eighties, the member states of European Union recognized the importance of Biotechnology. Whilst the United States had long held a dominating position,…
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The ICC International Court of Arbitration STA's Dispute Resolution Team discusses the role of International Chamber of Commerce in dispute resolution and specifically in cross-border disputes, dispute that pique unique challenges and address the moot question as to why is the ICC today a preferred choice to settle disputes. Introduction:…
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Abu Dhabi Global Markets: Rising to the challenge Historically, finance has always been ‘international’ in character; capital has rarely been mobile. Money has moved freely across borders for all of the civilization with gold and silver being global currencies for millennia. With the passage of time, money has been reverting to its…
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The Abu Dhabi Government has implemented numerous laws and regulations regarding the real estate sector lately. The Emirate of Abu Dhabi has experienced an exponential growth in the past few years. The new real estate law – Number 3 of 2015 Regulating Real Estate Sector in the Emirate of Abu…
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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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