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Enforcing Foreign Judgments in Bahrain “To invoke alien law when it agrees with one's own thinking, and ignore it otherwise, is not reasoned decision making, but sophistry.” ― Antonin Scalia, The enforcement of foreign judgments is the acknowledgment and enforcement in one jurisdiction of judgments delivered in another/foreign jurisdiction. Foreign judgments may be acknowledged based on bilateral or multilateral treaties or understandings,…
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Insolvency Regulations in Qatar No one can reasonably deny that Medicare is headed for insolvency, and that Medicare's insolvency, if not rectified, will lead to the federal government's insolvency. — David Limbaugh The bankruptcy regime in Qatar is based on the principles contained in the legislation of many western jurisdictions. Financial institutions see it…
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Abu Dhabi's Strata Law and its Implications “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” - Franklin D. Roosevelt The strata law means…
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Whistleblowing Regime introduced by DFSA “Whistleblowers form a key part of a firm’s ability to detect, identify and escalate issues of misconduct, and the required Whistleblower policies and procedures play an important role in encouraging appropriate disclosures - F. Christopher Calabia, Chief Executive of the DFSA The Regime defines a…
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Arbitration Framework at Abu Dhabi Global Markets When will mankind be convinced and agree to settle their difficulties by arbitration? Benjamin Franklin The Abu Dhabi Global Market (ADGM) launched its arbitration centre in 2018. The ADGM arbitration centre is equipped to resolve disputes between parties through mediation or arbitration. The…
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Prior Use of Patented Inventions in India “Patents are not forever, but inventions are”― Kalyan C. Kankanala The word “prior use of patented inventions” is used when the invention underlying a patent application is being used before documenting the patent application. The rights have a common view however at that point…
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Establishing a Foundation in the UAE “Reliable structure needs a strong foundation and strong foundation requires investment” ― Guru Z.S. Gill UAE Foundations are an integral part of the country’s wealth management system. It is an independent legal entity. Foundations are usually created to protect the desires of the Founder being…
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NFTs - Country Focus: India People don’t understand NFTs, Metaverse, and crypto today the same way they didn’t understand online shopping in the 1995” - Anuj Jasani The Indian economy is considered to be one of the largest economies in the world. It is considered that to have grown by 10%…
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The Amendments to UAE Trademark Law The ideal trademark is one that is pushed to its utmost limits in terms of abstraction and ambiguity, yet is still readable. - Saul Bass The UAE has a well-defined law to protect the Intellectual property rights of a business including its brand, business…
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Force Majeure Events and Contract Clauses in the GCC Force Majeure is a French word that means a greater force in English. It is connected to the concept of the Act of God, where there is an unexpected happening of event. Although, Force Majeure is an exception as it includes not…
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Recent Update to Hong Kong’s Listing Rules The Stock Exchange of Hong Kong Ltd. published a consultation paper on reviewing the Corporate Governance Code and Related Listing Rules in April 2021. The primary focus of the consultation paper was to instil changes in the mindset of an issuer's board, incentivize…
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The impact of Pandora papers Pandora paper is a journalistic investigation based on a major leak of about 12 million archives revealing the uncovered wealth, illegal tax avoidance and money laundering by some of the world’s richest and most influential people. It is the cooperation of more than 600 journalists…
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Inheritance Law in the UAE “A leader’s lasting value is measured by succession.” …
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ADGM Regulations for SPVs and Foundation “Regulation needs to catch up with innovation” The ADGM's Registration Authority published a consultation document in October proposing a regulatory regime for the use of CSPs in the ADGM. The public consultation began against the backdrop of rising interest in and success with incorporating…
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