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Abu Dhabi Global Markets: Rising to the challenge Historically, finance has always been ‘international’ in character; capital has rarely been mobile. Money has moved freely across borders for all of civilisation with gold and silver being global currencies for millenia. With passage of time, money has been reverting to its natural state…
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Кто кого обманывает? Борьба с подделками в контексте ОАЭ “Если покупатели хотят быть снобами, закон будет защищать их в их снобизме. i” Потребительская промышленность требовательна и особенно, когда это относится к товарам роскоши, продаваемой по розничной цене. Мало кто упустит возможность приобрести роскошную вещь по доступной цене. Тактика…
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The Abu Dhabi Government has implemented numerous laws and regulations regarding the real estate sector lately. The Emirate of Abu Dhabi has experienced an exponential growth in the past few years. The new real estate law – Number 3 of 2015 Regulating Real Estate Sector in the Emirate of Abu…
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A documentary credit or a letter of credit is usually used to finance international trade. Judges have referred to documentary credits as the “life blood” of international commerce. Most documentary credits in international transactions are governed by the International Chamber of Commerce (ICC) Uniform Custom and Practice for Documentary Credit…
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In October last year, Dubai introduced the new ‘data law’ which will allow the sharing of information between public sectors and for the benefit of the private sector. This Article aims to understand the concomitants of such a move. Remember that time when a dial up icon popped up on…
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‘We have not inherited the planet from our fathers, we have borrowed it from our children’ The only probable reason that could bring together and unite the leaders of the world is: Environmental Pollution and Global warming.These predicaments have been long discussed and debated subjects of the 21st Century. Pollution,…
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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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The due diligence is sin qua non for the purposes of investments, acquisitions, joint ventures, partnerships or such other essential investment ventures. It provides rational assurance on the investment related to assessment, financing and purchase of assets. The mining companies, by its nature of exploration and mining launch itself or…
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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’’. Lord Hewart CJ The above statement as used almost eighty five years ago in the case R v Sussex1 and it is often remains a standard…
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INTERNATIONAL AGREEMENTS GOVERNING THE ENFORCEMENT OF FOREIGN JUDGMENTS IN THE UAE To continue from our previous article, the second party 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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Employment in the United Arab Emirates is a frequently discussed area of law and there are several publications that have addressed various aspects of the same. In this article, we aim to discuss the legality of non-compete clauses within employment contracts. What is a non-compete clause? A non -compete clause…
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Introduction With the spread of globalization, technical and technological evolution, changes in communication means and transportations, economic freedom and free trade around the world have reinforced the idea that businesses and/or commercial dealings need protection. Hence, as there is an international cooperation among countries to follow an international criminal worldwide,…
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Lord Krishna was asked by one of his disciples what was the most astounding thing in the Universe. His answer was that a man wakes up each morning and believes that he will live forever despite knowing that he will not. Death is a morbid subject and that is probably…
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