Note Unnote - Recent Developments in Indian Companies Act This line was added at the last minute. Before adding this line, the title to this article was changed. Just in case you were thinking that there’s no word such as ‘unnote’, believe me – there is. It means not noting;…
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Boarding Complete: An Islamic Rendering Part I of II Islamic Principles not only lay guidance on the relationship between man and God but also provide directives on a system of transactions for dealings between man and man to lead a life in an Islamic way. Such Islamic jurisprudence referred to…
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ATT(H)ack- Anti-Cyber Crime Law in Saudi Arabia “Cyberterrorism could also become more attractive as the real and virtual worlds become (tightly) coupled, with automobiles, apps, and other devices attached to the Internet.” - Dorothy Denning The clandestine and privacy advantages, the information superhighway, and the possibility to buy your plane ticket…
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FIDIC AND ENAA: COMPARISON Part II of II In our previous issue, we discussed FIDIC and ENAA forms which are an internationally recognized and utilized form of contracts and the general comparisons between them. Our attorneys had also detailed the requirements of data accuracy, and other conditions of companies. Although,…
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Share Unshare – The 51:49 rule in UAE on Share Distribution in LLCs Profit is not the (only) legitimate purpose of (any) business. The legitimate purpose of business is to provide a product or service that people need and do it so well that it’s profitable. James Rouse Paula J…
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ThREAT - THE ROLE OF COERCION UNDER UAE LAW It is almost universally accepted, both in law and with consideration of morals that agreements entered into under coercion cannot, at all, be considered binding. Thus one is not obligated to keep, and the law will not enforce, a contract you undertake to…
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Maritime Arbitration- Legal Perspectives Courts can no longer individually address the issue of conflict resolution and as such the modern business world requires an alternative means of conflict resolution to meet its demands. A need arises for a legal mechanism through which parties can resolve their disputes quickly, fairly, efficiently,…
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Are You App Safe? “People have forgotten this truth," the fox said. "But you mustn’t forget it. You become responsible forever for what you’ve tamed. You’re responsible for your rose.” - Antoine de Saint-Exupéry It was in the land of far away, and serenity paraded green landscapes, flowers, dew, rain…
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Court-Side Justice ‘You don’t go on bended-knee to petition the official culture for your rights. You have to take them.’ -Terrance McKenna Countries are not sustained, and their peoples are not stable where a superior judicial system is not in place. Achieving a system of justice is not possible unless…
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Who’s Winning and Who’s Whining Under Saudi Arabia’s New Enforcement Law Preface "The Prophet Muhammad (resorted to) arbitration to resolve disputes and (recommended) others to use it. His (involvement in) arbitration between the clans of the Quraysh tribe during the renovation of the Ka'ba is significant in the history of…
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Company Formation in Abu Dhabi Global Market The impact of globalization and elimination of trade barriers is considered to be an economic merit that consolidated the domestic markets of the world under one roof. However, there also exists an opposing view to this concept. Some financial pundits have argued that…
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Special Purpose Companies or Vehicles (the SPCs or SPVs) are temporary companies set up to achieve a precisely structured financial operation. SPCs provide an alternative mode of financing transactions. Put simply they are subsidiary companies of a parent company, whose assets are protected from the actions of the parent company.…
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Too Much of FATCA! Renowned author and entrepreneur, Mark Twain, once said, ‘tax is a fine for doing well; whereas, a fine is a tax for doing wrong.' Now, the question on hand is which one of the two the Foreign Account Tax Compliance Act (the FATCA) would get unseated!…
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The New Medical Liability Law in the UAE: A New Horizon “If people understood that doctors weren't divine, perhaps the odor of malpractice might diminish.” {C}- Richard Selzer People seek the assistance of professionals with the view of obtaining expert advice on matters that are beyond their proficiency or expertise.…
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