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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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DIFC: A Jurisdictional Overview The DIFC courts exist as a jurisdictional island within the Dubai panorama. The Dubai International Financial Centre (the DIFC) Courts were established back in 2004 by His Highness, Dubai's ruler at the time, Sheikh Maktoum bin Rashid Al Maktoum. Providing an independent administration of justice in…
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Company Formation in Dubai Airport Free Zone In its early years, the renowned Emirates airlines had to lease aircraft(s) from its counterparts in Pakistan to meet the growing demand in the aviation industry in the Middle East.{C}{C}[i]{C}{C} Although, the global airline sector back then was not the same as it…
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Note Unnote - Recent Developments in Indian Companies Act This line was added at the last minute. Before adding this line, the title to this article was changed. Just in case you were thinking that there’s no word such as ‘unnote’, believe me – there is. It means not noting;…
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Share Unshare – The 51:49 rule in UAE on Share Distribution in LLCs Profit is not the (only) legitimate purpose of (any) business. The legitimate purpose of business is to provide a product or service that people need and do it so well that it’s profitable. {C}- {C}{C}{C}{C}James Rouse Paula…
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