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Financial Lawyers in UAE
09 Jan 2021

Securing Interest over Movable Assets

UAE: Federal Law Number 4 of 2020 on Securing Interest over Movable Assets  Introduction  Federal Law Number 20 of 2016 concerning mortgage of movable properties has been repealed and replaced by the introduction of Federal Law Number 4 of 2020 on securing interest over movable assets. It is imperative to…

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Lawyers in Dubai
07 Jan 2021

Goods and Services Tax in India

Goods and Services Tax in India  The goods and services tax is an indirect tax that is applied on the consumption, sale or manufacture of goods and services. The GST is charged on the supply of goods and services in the territory of India. The Central Goods and Services Tax Act in India…

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Criminal Lawyers in Dubai
07 Jan 2021

Concealment of Assets in Bankruptcy

Concealment of Assets in Bankruptcy Introduction  A businessman's business is basically his baby; the decision of going through the process of bankruptcy is probably the most difficult decision that a company has to make throughout its lifetime. Everyone involved in the procedure, be it, the debtors or creditors are losers…

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Lawyers in Dubai
17 Dec 2020

Amendment to the Companies Law on LLC

UAE: Effect of the Amendment to the Companies Law on LLCs Introduction The UAE government has recently amended Federal Law Number 2 of 2015 (hereinafter referred to as “old law”) by issuing Federal Decree-Law Number 26 of 2020 (hereinafter referred to as “new law”). The introduction of this amendment has…

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Lawyers in Dubai
09 Dec 2020

Doing Business in Ras Al Khaimah 2021

Doing Business in Ras Al Khaimah 2021 Enforcing Contracts Questionnaire 1.Case Study Assumptions Two domestic companies - Seller and Buyer - conclude a contract for the sale of some custom-made goods. Further to such contract, Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, custom-made furniture.…

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Lawyers in Abu Dhabi
09 Dec 2020

Enforcement of New York Convention Awards in the UAE

Enforcement of New York Convention Awards in the UAE Introduction  Arbitration clauses are becoming more and more prominent in corporate agreements, the reason behind this is the ease with which disputes can be dealt with as compared to the traditional court system. In any case, a corporation may find that…

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Lawyers in Dubai
09 Dec 2020

New Mining Investment Law Saudi

Saudi Arabia: New Mining Investment Law Introduction  The Middle East has primarily always focused its attention on revenue generated from the oil and gas industry. However, recently these countries are venturing out and exploring other sectors in keeping with their aim of economic diversification. Due to their concentration on oil…

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Property Lawyers in Abu Dhabi
09 Dec 2020

Confidentiality in International Arbitration

Confidentiality in International Arbitration Introduction  Confidentiality is the essence of trust, which is why individuals, corporations and even government bodies resort to Arbitration. Confidentiality is attractive to litigants internationally for a myriad of reasons, like freedom of making arguments which would not normally be made at a public forum, or…

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Law Firms in Dubai
09 Dec 2020

Amendments in Insolvency Law in UAE

Amendments in Insolvency Law in UAE The laws concerning insolvencies of the United Arab Emirates-domiciled companies are fairly recent (the "Bankruptcy Law"). The Bankruptcy Law has been an important step forward and is influenced by features of a number of insolvency laws in other jurisdictions and international insolvency law trends.…

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Lawyers in Dubai
07 Dec 2020

Dubai Financial Support Fund

Amendment of Dubai Financial Support Fund Law Number 10 of 2019 (the “New Law”), partially amended Law Number 24 of 2009 on the establishment of the Dubai Financial Support Fund, was issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates.…

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Lawyers in Dubai
06 Dec 2020

Artificial Intelligence Criminal Justice System

Artificial Intelligence & The Criminal Justice System Introduction  As Stephen Hawking once said, “Artificial Intelligence is either the best or the worst thing to happen to humanity.” The fact that the system is constantly evolving and learning from our routine behavior allows it to adapt and become a sophisticated technology…

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Lawyers in Abu Dhabi
06 Dec 2020

Crypto Asset Exchange – Bahrain

Crypto Asset Exchange – Bahrain Introduction Cryptocurrencies gained traction all across the world since its inception, considering this growth in popularity and use, industry experts, praise its potential. This digital currency went from being a mere concept to virtual reality. In the Gulf Region, Bahrain and Abu Dhabi are a…

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Lawyers in Dubai
03 Dec 2020

Autonomous Machine Testimony

Autonomous Machine Testimony Smart objects have taken over our homes, workplaces and communities, and over the coming decades, the volume of legally admissible data from these devices is likely to be more. The new culture is to have voice-activated technology as digital assistants, smart appliances, and personal wearable devices.  Lawyers…

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Lawyers in Dubai
30 Nov 2020

Doing Business in Abu Dhabi 2021

Doing Business in Abu Dhabi 2021 Enforcing Contracts Questionnaire 1.Case Study Assumptions Two domestic companies - Seller and Buyer - conclude a contract for the sale of some custom-made goods. Further to such contract, Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, custom-made furniture. Upon…

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