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Конфиденциальность, Цена, заплаченная за технологию? “Различие между технологией и рабством состоит в том, что рабы полностью осознают, что они не свободны.” - Нассим Николас Талеб Исследование, проведенное в июле 2016 года, показало, что большинство людей согласились с условиями использования фальшивого сайта в социальной сети (который они считали реальным) требующими от…
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FIDIC in the Middle East - The Must Knows for Industry Players The UAE industry has seldom been ignorant to internationally set standards- that in more than one ways. Originally established as an organization by three founding countries Belgium, France, and Switzerland- today FIDIC, which is an abbreviation…
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The Essence of Financial Crimes 'Rather fail with honor than succeed by fraud." Sophocles On a bright morning in March 2009, Bernard Mardoff pleaded guilty to defrauding his clients of sixty-five (65) billion dollars in one of the largest Ponzi schemes the world has witnessed. The former chairman of Bernard L. Mardoff Investment…
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The Fine(d) Blend of Bitcoins and Multi-Level Marketing (MLM) 'There are three eras of currency: commodity based, politically based, and now, math based.' Let’s keep it simple! Cadberry sells chocolates to its distributors worldwide in accordance with a distribution contract signed between Cadberry and its agents. In turn, distributors fulfill…
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US Sanctions - An Overview Part II of II STA has been one of the few Middle East law firms that have been advising clients on compliance with OFAC regime, the direct and indirect applicability of various OFAC sanctions besides other bodies such as United Nations, to name a few.…
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Environment Global Guide - UAE 1. Environmental Regulatory Framework What are the key pieces of environmental legislation and the regulatory authorities? Numerous federal and local laws have been enacted in the UAE to protect the integrity of the country’s environmental laws and regulations. Federal Law Number 24 of 1999 for the…
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Post-Closing Transactional vs Ongoing Enterprise Due-Diligence “Diligence is the mother of good fortune.” - Miguel de Cervantes Saavedra Introduction In July 2016, the Australian Securities and Investments Commission (ASIC) stated that it’s review of 12 initial public offerings (10 of which were small and mid-sized companies), found incredibly poor due…
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Aircraft Mortgages (Part II of III) “99% of everything done in the world, good or bad, is done to pay a mortgage. Perhaps the world would be a better place if everyone rented.” Thank You for Smoking (2005) - Nick Naylor (Aaron Eckhart) Due to the primarily finance driven world…
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Ипотечный Залог Воздушного Судна Сунил Такер и Река Панчал обсуждают технические аспекты, окружающие финансирование воздушных судов, ипотечный залог, управляющее право и несколько судебных прецедентов в контексте ОАЭ, Великобритании и США. Финансовые рынки имеют важнейшее значение для общего развития экономики. Банковские системы и фондовые рынки способствуют усилению роста и…
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The Fueling of MLM through Bitcoin Pragya Gianani; Shahed; and Faraz Salat discuss the legal aspects surrounding multi-level marketing and usage of bitcoins. Any entrepreneur will tell you that the success or failure of a startup, business idea, or product depends on demand. Supply and demand are the basic…
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Since the early eighties, the member states of European Union (the “Union”) had realized that Biotechnology was emerging as one of the most innovative and promising technologies1. It was also realized that the United States was dominating the biotechnology market2. Member states had also recognised that importance of protection…
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Беспилотные летательные аппараты – Дроны Со времен изобретения печатного станка до атомной бомбы, человечество обнаруживает склонность сначала придумывать и только потом планировать. Это простая истина, что технология развивается быстрее, чем закон. Автомобили и высокотехнологичные смартфоны – это повседневные примеры технологий, которые выросли с огромной скоростью без должной поддержки. Новаторы и…
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If you do not buy the coffee I sell, I shall forbid you from buying coffee anywhere else… Many years ago, a superman flick had the bad guy delineating monopoly in trade as coffee mafia. Today, sophisticated legal developments recognize these practices as unfair trade practices. But the watchdogs…
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There is a rigorous need for consistency in the market dealing with publicly traded securities as rapid advancements in the legal diaspora can add unwitting complexity to the requirements of the debtors. If the contracts between borrowers and lenders do not outline distinct covenants which comply with the local laws…
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