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Business Exit Strategy for a Family-Owned Business Introduction Companies like Walmart in the US and Reliance in India are some really successful examples of family-owned businesses. However, family and business are two parallel worlds that should ideally never meet. Operating a family business comes with its own challenges and results…
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Concealment of Assets in Bankruptcy Introduction A businessman's business is basically his baby; the decision of going through the process of bankruptcy is probably the most difficult decision that a company has to make throughout its lifetime. Everyone involved in the procedure, be it, the debtors or creditors are losers…
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Termination in case of Terminal Illness, UAE It has been an unexpectedly enlightening experience to see patients' primary concern once they are diagnosed with a terminal illness is whether they will be able to continue working while they are receiving their treatment or not and the extent of treatment on…
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MAC Clauses in M&A transactions In M&A transactions, buyers continuously grapple with the risk of the business ultimately delivered on closing falling short of what the buyer agreed to acquire. The parties negotiate the allocation of the risk between the buyer and the seller; the material adverse change "MAC" provisions…
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Joint Ownership of Intellectual Property Introduction Henry David Thoreau said, “the world is a canvas to the imagination.” This is very accurate as ideas are the foundation of any success, business, or personal. Depending on the effort put and the extensive research into the innovation, it is safe to…
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Airplane Crash Liability in International Law Introduction The two recent international aeroplane crashes (the Lion Air crash and the Ethiopian Air crash) resulted an international outcry over the safety of passengers aboard international flights. Consequently, the question of which entity can be held accountable for these disasters is on the…
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Laws surrounding Counterfeit Goods and Piracy in the United Kingdom The terms "piracy" and "counterfeiting" of goods refer to manufacturing, distributing and selling inferior copies of products which have been made without the permission of the intellectual property rights holder in the said goods. Inferior copies of goods are intended…
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Liquidated Damages upon Contract Termination Liquidated damages while not present in every contract, there will arise occasions where liquidated damages are mentioned within contracts and provide necessary assurance and security. There are numerous benefits, though also some drawbacks to this type of clause. The method of awarding damages also differs…
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Import & Export Regulations in the United Kingdom The United Kingdom (UK) has long been a key player in the global import and export business, since the era of colonization. To service the needs of its citizens, SMEs (Small to Medium Enterprises), and to facilitate trade, the UK imports a…
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Patents Rights in Developing Countries: Exceptions Intellectual Property Rights (IPRs) have never been more economically and politically important than they are today. Elements of IP law such as, but not limited to, trademarks, copyrights, patents, and utility models, are of prime importance in debates on IPRs in various sectors such…
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Advantages of Intelligence Policing The terms ‘intelligence’ and ‘policing’ put together often strike thoughts pertaining to some fashion of covert surveillance system that is used to gather information in an undisclosed manner. However, the true meaning of the term intelligence policing, or “intelligence led policing” (a more meaningful way to…
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Implications of Brexit on the Businesses in the United Arab Emirates "Brexit", is a blend of words British and Exit and was coined by Peter Wilding. The Oxford English Dictionary in 2016 added Brexit to its volumes and awarded the honour of coining the term to Mr. Wilding. It is…
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The Tort of Trade Mark Passing Off Around the World Introduction The reason trademarks are so crucial in the modern business world is due to how the customers and consumer loyalty work. Often, when considering a particular industry such as, for example, fast food, there will be specific names which…
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Patent Infringement: A Global Perspective Ideas and innovation are the cornerstones of any successful corporation. Given that modernisation and globalisation has had a significant impact on corporations, it is only fair that the ideas defining these businesses are given protection from being misused, manipulated or stolen. Stolen ideas is a…
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