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Criminal Lawyers in Dubai
30 Sep 2021

Economic and Fraud Provisions in Middle East

Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…

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Lawyers in Abu Dhabi
10 Jul 2021

Subcontract works under UAE Law

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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Lawyers in Abu Dhabi
10 Jul 2021

Licensing Foreign Direct Investments projects in UAE

Licensing procedure of Foreign Direct Investments projects in UAE Background of this new development- Prior to the implementation of the FDI law, UAE law stipulated that foreign investors may only own up to 49 percent of a UAE mainland corporation, with several exceptions. One or more UAE nationals or a…

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Law Firms in Dubai
04 Jul 2021

Bankruptcy in Singapore

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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Law Firms in Dubai
03 Jun 2021

E Gaming its Overarching Legality in UAE

E Gaming and its Overarching Legality in the UAE The term "e-Gaming" refers to the entire computer gaming market, which includes everything from video game consoles to PC and smartphone games, as well as internet entertainment platforms and the eSports industry. Likewise, first-person shooter (FPS), multiplayer online battle arena (MOBA),…

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Lawyers in Dubai
09 May 2021

Regulatory framework of mergers in Russia

Regulatory framework of mergers in Russia The Russian merger control does not differ substantially from its counterpart’s country in Europe and North America. In general, it is investor-friendly, and the risk of not obtaining compensation is rarely cited as the reason for not proceeding with a trade.  However, the Russian…

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Lawyers in Dubai
06 May 2021

Duties and Liabilities of Directors in Ireland

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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Law Firms in Dubai
06 May 2021

Incorporation of a Business

Incorporation of a Business (legal impediments) Introduction The formal method of forming a corporation or a company is called incorporation. The resulting legal body, a corporation, is responsible for separating the firm's assets and profits from its owners and investors. Corporations can be formed in virtually every country on the…

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Lawyers in Dubai
28 Apr 2021

joint venture laws of India UAE Singapore

Comparison of joint venture laws of India with UAE and Singapore For a long time, one of the main fields of concern for economists all over the world has been the industry. With money on the line, people are always looking for new ways to increase income; whether it's a…

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Lawyers in Dubai
20 Apr 2021

Abu Dhabi Securities Exchange

Part I: Abu Dhabi Securities Exchange - Investment Requirements Introduction Investing, as Warren Buffett, the legendary investor, describes, "…the process of laying out money now to receive more money in the future." It is a way to put money away when you're occupied with other things and make it work…

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Law Firms in Dubai
03 Feb 2021

UBO Disclosure Requirements- UAE

UBO Disclosure Requirements- UAE In recent years, counter-fraud, money laundering and terrorism funding have been the regulator's highest priority. Fraudulent parties conceal their service using offshore accounts, and authorities report fraudulent transacts routinely at fake emails, PO boxes or private residences. This term has taken on an increasingly significant role…

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Financial Lawyers in UAE
03 Feb 2021

Tri-Party Agreement & their Implications in UAE

Tri-Party Agreement and their Implications in the UAE What is a Tri-party Agreement? It is an agreement between three parties. In other words, when three-parties has an intention to do the things on which they have agreed. The Tri-parti agreement usually happens in financial transactions. As per the Article 125…

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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
15 Nov 2020

UAE Contracts

UAE Contracts Question Set: Formation of contracts Authority and capacity Question Body: What are the authority/capacity rules for entering contracts? Answer Body Individuals UAE Federal Law Number 5 of 1985 on Civil Transactions Law (Civil Code) allows all individuals to enter into agreements unless they are minors, who do not…

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