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LIABILITY OF AIRCRAFT OPERATORS On 15July 2009,New York city witnessed a ‘Miracle on the Hudson River’ when flight 1549 departed New York but shortly after the take-offdue to bird strike the plane lost its two turbines.The Senior Captain Chesley ‘Sully’Sullenberger was told to return to the airport, but Sully, decided…
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BALANCING THE UN-BALANCED “The Majority is always wrong and the minority is rarely right” -Henrick Ibsen Corporate law is the yardstick for the business sector which chaperons and molds the behavior of a Company. Corporate…
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Liability of Franchisors You cannot bring the Canadian winters to the UAE, but you can enjoy the warm coffee of Tim Hortons in the UAE. UAE has the answer to most of your cravings from back home, whether you are missing the butter chicken or chicken and waffle. This…
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NEW BANKRUPTCY LAW IN THE UAE Since the time of its promulgation in the year 2016, the Bankruptcy Law has been widely discussed and deliberated on. The enactment of Federal Law Number 9 of 2016 (the New Law) has been critical in light of the volatile oil market across the…
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Brexit’s Impact on Commercial Transactions Is it a bit too late to write about Brexit? Economic instability, privacy concerns, dispute resolution framework, currency fluctuation and immigration issues – we have heard about each of these predicaments due to the political shift of one of the oldest economies from one of…
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Злоупотребление Рыночной Властью – Что это значит? «Европа впервые достигла мирного политического союза: они используют это беспрецедентное положение, чтобы гармонизировать кривизну бананов». - Чарльз Стросс, Акселерандо Если вы ведете бизнес в государстве-члене Европейского Союза и хотите расширить эту деятельность на другое государство-член ЕС, вы будете удивлены, насколько схожие положения…
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Aviation Law Guide: United Arab Emirates Part 1 - General 1.1 Please list and briefly describe the principal legislation and regulatory bodies which apply to and/ or regulate aviation in your jurisdiction. The UAE’s principal legislation governing aviation law is as follows: Federal Law Number 20 of 1991 regarding the civil…
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Heads of Terms “Intention is one of the most powerful forces there is. What you mean when you do a thing will always determine the outcome. The law creates the world.” - Brenna Yovanoff Overview Every contract is the result of an intense negotiation between the parties of the contract…
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INSIDER TRADING BETWEEN FRIENDS AND FAMILY “The stock market is a device for transferring money from the impatient to the patient.” - Warren Buffet The term insider trading has been popular amongst headlines of newspapers for a while now and has been subject to the argument of whether…
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Company Formation in Shannon Free Zone Did you know that the concept (and architecture) of the Dubai World Trade Centre was influenced by the then, World Trade Centre in New York? After the consolidation and formation of the seven Emirates in 1971, the UAE was looking for an opportunity to…
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Demurrage Payments in Kuwait What is the mindset of an entrepreneur looking to dip his toes in a new venture? Profits? Maybe, certainty? Certainty is a factor that all entrepreneurs look for in a business opportunity. However, certainty is also the factor that is least available to them; primarily, if…
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Marketing Foreign Funds in the UAE “There are two times in a man’s life when he shouldn’t speculate: when he can’t afford it and when he can.” – Mark Twain The world of financial markets and investments often induce reserved and divergent responses from the common man. Investing options are…
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Project Finance – Q&A – Practical Guide - UAE What are the key difference in the legislation in the UAE and other key international jurisdiction? In comparison with other jurisdictions, the laws regulating the project financing in UAE are not too strong. The Federal Law Number 18 of 1993 concerning…
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TECHNICAL ASPECTS OF AIRCRAFT LEASING (Part 1 of 2) In the first issue of this two-part series, aviation lawyers at STA discuss the types of aircraft leasing and the legal aspects therewith. Our attorneys have on many occasions advised clients on the legalities surrounding different types of aircraft leasing and…
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