SPECIAL JUDICIAL COMMITTEE TO HANDLE DUBAI’S CANCELLED REAL ESTATE PROJECTS
According to Article 9 of the New Decree, it shall come into force from the date of its publication in the Official Gazette. As at the date of preparing this article, the New Decree has not been...
View ArticleREGULATING INSURANCE IN IRAQ
Early legislation The introduction of the Insurance Companies Law No. 74 of 1936 and its relevant regulations, namely the Regulation for the Insurance Company Permits No. 25 of 1936 mark the...
View ArticleKUWAIT: A NEW STANCE ON FINANCIAL CRIME
Such policies also aim to reduce the damaging effects money laundering and terrorism financing have on a global, local, economic, social and political level. New and improved governing principles and...
View ArticleUAE MINISTRY OF JUSTICE CIRCULAR: AML/CFT RESPONSIBILITIES OF LAW FIRMS,...
On 21 August 2013, the MoJ distributed Circular No. 2 of 2013 on Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) Regulations for Lawyers and Other Legal Professionals and Public...
View ArticleFAMILY BUSINESSES: HANDING OVER TO THE NEXT GENERATION
Most family businesses have governance structures in place for their commercial matters, but fewer have formal ownership structures. Unfortunately, corporate governance is often given a lesser status...
View ArticleDECISIONS BY DUBAI LAND DEPARTMENT: SETTLING DISPUTES ARE NOT BINDING
The Court of Cassation held that: “decisions rendered by the Land Department in disputes that arise between developers and investors are strictly administrative decisions which, unlike court...
View ArticleTERMINATING CONSTRUCTION CONTRACTS FOR CONVENIENCE IN THE UAE
In accordance with Article 267 of the UAE Civil Code unilateral termination of a contract can have no legal effect in the UAE, but the practice of the UAE Courts show that the employer in construction...
View ArticleNO CONCEPT OF UNFAIR DISMISSAL IN THE DIFC
By way of background, Ms Al Herz and Mr Lutfi were both employed and subsequently dismissed by the DIFC Authority (“DIFCA”). A key factor which impacted on the employees’ relationships with the DIFCA...
View ArticleDUBAI: PAY WHEN PAID CLAUSES
In this case, the Main Contractor was unable to pay an outstanding amount owed to the Subcontractor as a result of not receiving his payment from the Project Owner. A ‘pay when paid’ clause in a back...
View ArticleCATERPILLAR’S BRAND POWER FINDS FAME IN JORDAN
What Trade Mark Cancellation Action Who The Complainant, Caterpillar, is a MNC with a stellar reputation built in heavy equipment and construction. The Respondent is the registrant of Trade Mark...
View ArticleTUNISIA JOINS THE MADRID PROTOCOL
This is a welcome development by Tunisia, which had previously withdrawn from the Madrid Agreement in 1988. Accordingly, Tunisia will become the 91st state to join the Madrid system, which provides...
View ArticleA MOMENT WITH ANDREA TITHECOTT, SENIOR ASSOCIATE ABU DHABI
Welsh-born Andrea grew up with childhood ambitions of becoming a doctor. She studied sciences at school and had intended to embark upon a career in medicine, when a 6 month work experience placement...
View ArticleTHE RATIONALE BEHIND CROSS-LISTING: ITS IMPLICATIONS ON CORPORATE GOVERNANCE
Typically, western stock markets (such as London Stock Exchange “LSE” or New York Stock Exchange) apply more stringent corporate governance and disclosure requirements compared to the stock markets in...
View ArticleTHE NEW KUWAIT FOREIGN INVESTMENT LAW
If the business is in the form of a Kuwait commercial entity, the Kuwaiti partner(s) must own at least 51% of the company. Alternatively, if a foreigner will not engage with a Kuwaiti partner to...
View ArticleA GUIDE TO CONTRACTING WITH THE IRAQI GOVERNMENT, CONSTRUCTION & SUPPLY...
In particular this article will attempt to address the following issues. What expenses\guarantees are requited to submit an offer? What legal presence is required to sign contracts, for foreign...
View ArticleOVERVIEW OF THE CHANGES TO THE NATIONAL MEDIA COUNCIL
The NMC is undergoing a series of changes prompted by Cabinet Resolution No. 9 of 2013 and Cabinet Resolution No. 12 of 2013, both of which come into force on 30 July, 2013. Resolution No. 9 of...
View ArticleTAKING SECURITY IN THE UAE: COMPARING THE TAKING OF SECURITY IN THE UAE TO CHINA
This article sheds some light on the taking and enforcement of security (which is always of essence to banking business) in the UAE in comparison with that under the law of the People’s Republic of...
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