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FIDIC AND ENAA COMPARISION In the complex and technical world of construction and large manufacturing projects, the contracts and negotiations on the terms of an agreement between the parties are a means to keep the complex relation of parties within the bounds of clear understanding by utilizing a standard form…
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Строительное Право и Использование Времени Человечество создало время, чтобы держать организовать и структурировать свою жизнь. Это, по сути, социальная конструкция, в которой мы живем всю свою жизнь. Это не просто фундаментально, но необходимо для нашего выживания. Закон подобным же образом был создан нами, чтобы диктовать то, как мы должны…
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Delay Penalty in Construction Contracts “No construction project is risk-free. Risk can be managed, minimized, shared, transferred or accepted. It cannot be ignored” -Michael Latham Scope and usage of back-to-back contracts Back-to-back contracts are becoming an increasingly common feature of construction projects. Construction projects typically involve the collaboration of three…
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Who is Liable to Pay when Circumstances for Construction Change? Construction has been one of the most dynamic industrial sectors in the Middle East due to the increase in need of palatial residential and office spaces that arise from the surfeit of expatriates that flock into the region every year.…
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The global financial market has been constantly remodeling itself, more so in the wake of the global economic meltdown which tainted asset securitization activity. One can often draw parallels between the ever-changing economy and the manner in which securitization activity is fast becoming a desired source of diversified finance enabling…
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Новый Закон Абу Даби о совместном владении имущества (Strata Law) Ничто так не действует на нервы как реклама агентств по недвижимости, кричащая «Купи Сейчас, Плати Потом». Если бы можно реализовать это в действительности, интересно, было бы написано на рекламном щите «Купи один, второй бесплатно»? Одной из ключевых проблем, с которой…
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Закон об аренде в Абу Даби и его изменения Закон об аренде недвижимости является одним из наиболее важных аспектов жизни общества, который определяет права и обязанности физических лиц. Кроме того, он также устанавливает принцип взаимодействия между людьми в целом и для разрешения их споров в частности. Закон об аренде жилья…
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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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There are across the world, varied different institutions of property, radically different ways of separating the land space, and developing rights in consonance with other legal, economic and social institutions. These differences get in to limelight when one pays attention to the sometimes subtle differences in policies and regulations that…
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Project Finance as the technique of financing any development idea is rapidly increasing in developing countries due to their drive to gain industrial development and improve infrastructural amenities. The infrastructural projects or projects relating to energy industry are usually funded by government through public funds since historical times due to…
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The prodigious and fortuitous impact (and, speed) of global financial crisis has left a lasting legacy on many. Questions have been raised in past as to what led to crisis, people who were instrumental in driving the downturn and people affected by same .Speed and force without direction can be…
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The construction contracts are generally prepared as per Fédération Internationale des Ingénieurs-Conseils (the FIDIC) red books 1987 and 1999, yellow book and silver book contract forms specifically in UAE to deliver projects. The legal provisions applying to such contracts are UAE Civil Code, Federal Law No. 5 of 1985 as…
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Joint venture is an agreement between two or more parties wherein they principally agree on developing a new asset or entity by infusing equity for a term. In a joint venture transaction, parties agree to co-operate with each other and term of joint venture may be defined or open. Parties…
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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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