INTRODUCTION: The Insurance Third Party Administrators have become the vital section of the insurance industry and changing the facade of the insurance sector all around the world. Third party administrators are neither insurance providers nor insured. They are the service providers bridging the gap between the two and serves the…
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Project Finance as the technique of financing any development idea is rapidly increasing in developing countries due to their drive to gain industrial development and improve infrastructural amenities. The infrastructural projects or projects relating to energy industry are usually funded by the government through public funds since historical times due…
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There are across the world, different institutions of property, radically different ways of separating the land space, and developing rights in consonance with other legal, economic and social institutions. These differences get into the limelight when one pays attention to the sometimes subtle differences in policies and regulations that govern…
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Federal Overview Within the United Arab Emirates, insurance is largely governed at a Federal level by the Insurance Authority (IA) which was established pursuant to Federal law Number 6 of 2007 (the Insurance Law). The law replaced the previous enactment being Federal Law No.9 of 1984 on Insurance Companies and…
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“Walk where your heart leads you, there are no restrictions and no burdens.” Howsoever good you might find the above quote, the truth is that such a thing is not always a reality in this world. But international conventions, rules, and regulations such as The Universal Declaration of Human Rights…
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UAE Labour Law 2016 The first five days after the weekend are always the hardest! This New Year kick-started on a Friday with every eye focusing on the blazing night sky filled with Dubai's world famous firework show. The Ministry of Labour(the Ministry) gifted employees of the country with a…
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Trademark Registration in Middle East Countries Country and Applicable Legislation Length of Trademark (in years) Trademark Definition Eligible Applicants Documentation Requirement Language Requirement and Procedures Treaty/ Classification Treaty/Classification Benefits Iraq Law Number 21 of 1957 being the Iraq Trademark and Geographical Indications Law . Iraq has sought permanent membership in…
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If you do not buy the coffee I sell, I shall forbid you from buying coffee anywhere else… Many years ago, a Superman flick had the bad guy delineating monopoly in a trade as coffee mafia. Today, sophisticated legal developments recognize these practices as unfair trade practices. But the…
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Maritime trade has been carried out since ages, and it remains to be the backbone of the world economy by hauling around 80 to 90% of world trade. UAE being the place in between Asia and Europe has been a natural port. UAE is bordering the Gulf of Oman and…
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‘‘ It is of fundamental importance that justice not only be done, but should manifestly and undoubtedly be seen to be done’’. …
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Extension of Time in Construction Contracts The construction contracts are generally prepared as per Fédération Internationale des Ingénieurs-Conseils (the FIDIC) red books 1987 and 1999, yellow book and silver book contract forms specifically in UAE to deliver projects. The legal provisions applying to such contracts are UAE Civil Code, Federal…
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INTERNATIONAL AGREEMENTS GOVERNING THE ENFORCEMENT OF FOREIGN JUDGMENTS IN THE UAE To continue with our previous article, the second part deals with the various agreements in place between the United Arab Emirates and various countries and how they are enforced. We have looked at multilateral and bilateral agreements separately…
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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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