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Subcontract works under UAE Law Introduction Subcontracting is quite popular in today's construction business. Without engaging third parties with diverse experience and capacities to carry out certain aspects of the works, it would almost likely be unmanageable for one contractor to complete a construction project, especially if the project entails…
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Bitcoin & Altcoin Mining What is Bitcoin Mining? Bitcoin mining is the technique of digitally adding transaction data to the blockchain, which would be a publicly distributed database that contains the background of every bitcoin transaction. Mining is a record-keeping procedure that utilizes massive processing power. Each Bitcoin miner across…
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Bankruptcy in Singapore "I declare bankruptcy!" - Michael Scott Whenever an individual becomes unable to pay his/her debts, his/her creditors may choose to file for bankruptcy against him/her. According to Section 61 of the Singapore Bankruptcy Act of 1995, if anyone owes someone may it be an individual or even a company more…
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When it comes to your legal rights, you should never take them for granted. This is especially true in Riyadh, Saudi Arabia, where the law system can be quite complex or different from what you might be used to back home. To make sure that your rights are protected and…
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SCA: Abu Dhabi Stock Exchange- Rules, Regulations, and Procedures Introduction The Abu Dhabi Securities Exchange (ADX) as of now, lists 73 companies. The listed companies include those from the banking, insurance, services, industry & hotels sectors. They include First Abu Dhabi Bank and Etisalat. The following article will cover the…
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Anti-bribery compliance in Turkey Introduction Corruption is a global phenomenon that affects international commercial dealings. Corruption is a worldwide issue that costs money and lives. It is frequently regarded as a problem that mostly affects poor nations. However, while the harm it causes is magnified in poorer countries, corruption knows…
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Early Termination of Tenancy Contracts in the UAE Introduction A tenancy contract is a rental agreement between a tenant and the landlord that must be signed before receiving the keys of the real estate property. A tenancy contract is essentially a legally binding agreement that allows the tenants to use…
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Getting to Grips with Exchange Traded Funds An exchange-traded fund (ETF) is a class of securities that follows an index, market, commodity, or other asset which can be bought and sold on a stock exchange like any other stock. An ETF may be set up to watch anything from a…
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Understanding Bounced Cheque Laws in the UAE, and Why You Must Honour Them The dishonouring of checks has become a contentious and divisive issue in the UAE's legal landscape, owing to the serious consequences it now entails. In the UAE, Post Dated Cheques (PDC) are the most prevalent mode of…
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Compensation in a Force Majeure Event Introduction Before considering any remedies, contractors might have steps, they may take to mitigate costs, it is necessary to first understand the definition of force majeure as defined by UAE jurisprudence and the different elements attached to it. When it comes to force majeure,…
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Understanding Liability Lawsuits under Turkish Law - Part A Introduction The term "Liability" has been used extensively in the context of the law. In simple terms, it indicates the legal responsibility a person owns for his/her actions. Liability is mostly governed by the contract and customs of tort when the situation…
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Duties and Liabilities of Directors in Ireland Introduction Initially, the roles of directors have been used in a variety of common law and legislation. The Company Act codifies the fiduciary responsibilities of directors in common law, but the Companies Act did not affect many of the other formal duties of…
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UK Tax Considerations for Short Term Business Visitors Short-term business visitors are people who do not live in the UK but who make business trips to the UK and who works for a UK firm and/or are directors of UK companies; the tax position of the individual in the UK…
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Brief Overview of Non-Fungible Tokens (NFTs) Introduction Blockchain technology has been growing immensely over the past decade. This explosion urges us to delve deep into the different available options with regards to crypto investment. NFTs are a fairly nascent concept but are rapidly growing therefore, it is imperative for us…
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