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Articles by ATB Legal
Law Updates
Abu Dhabi Judicial Department simplifies litigation procedures
Abu Dhabi Judicial Department (ADJD) in its mission to simplifying litigation procedures and facilitating access of Justice to everyone has adopted 25 new forms in both Arabic and English. The ADJD aims to break the language barrier for litigants (residents and non-residents) and to simplify the procedures resulting in transparent litigation. Related Services: UAE Mainland […]
Law Updates
UAE – India Food Corridor Project, a landmark agri-trade project for both the countries
The UAE- India Food Security Summit – 2020 organised by Consulate General of India, Dubai, Confederation of Indian Industry and India Invest has unveiled the Food Corridor Project between the two countries which will triple the exports of agricultural produces from India to UAE, rising the current export of $2.2 billion trade to $ 6 […]
Compliance in the UAE
ESR Filing Portal is active in Ministry of Finance’s website
UAE based onshore and free zone business entities conducting “Relevant Activities” as per the current Economic Substance Regulations (ESR), can now file their Economic Substance Notifications and Economic Substance Report directly from the webpage of Ministry of Finance (MoF) at Economic Substance Regulations (mof.gov.ae) ESR filing are made effective from financial year commencing 1 January […]
Company Formation
100% Foreign ownership of mainland companies in UAE
Traditionally, setting up a business in UAE mainland required a local partnership. Only Free Zone entities were allowed 100% foreign ownership. A recent announcement has radically changed the business landscape of UAE, allowing 100% foreign ownership in UAE mainland businesses. Investments in certain sectors and economic activities will benefit from this newscheme. Related Services: General […]
ADGM
Corporate insolvency regime in UAE
UAE has multiple options when it comes to Corporate Insolvency. This article is the first in a series, detailing Corporate Insolvency options in UAE. ADGM being one of the most advanced in the country, with certain provisions comparable to U.S. options, is being examined in the first one of the series. The Abu Dhabi Global […]
Uncategorized
Construction claims resolution process in FIDIC contracts
I. IntroductionA construction project is a complex process that involves the interaction of multiple participantsand may often result in deviations from the original construction plan. Therefore, the parties tothe construction contract always create a space to deal with all the deviations which are likelyto happen through two processes claims procedures and dispute resolution, collectivelyreferred to […]
Compliance in the UAE
Amendments to Commercial Transactions Law with regard to dishonoured cheques transactions
The UAE Cabinet has approved amendments to the Federal Law No. 18 of 1993, commonly known as Commercial Transactions Law. The approved Decree-Law shall come into force in the year 2022 and the provisions shall apply when the Decree-Law is published in the Official Gazette. The new provisions aim to discourage criminal proceedings against people […]
Arbitration
Arbitration and Conciliation Ordinance, 2020
The Arbitration and Conciliation (Amendment) Ordinance, 2020 was promulgated with the purpose of preventing the enforcement of arbitral awards involving fraud or corruption. The stakeholder parties now have an opportunity to seek an unconditional stay of enforcement of arbitral awards when the arbitration agreement or award was induced by fraud or corruption. The provision has […]
Family law
Claim for alimony and maintenance in UAE
The ‘Sharia Law’ or the UAE Personal Status Law is the legislation governing family matters in UAE. The Personal Status Court deals with family matters such as marriage, divorce, alimony, guardianship, custody and visitation, maintenance etc. Article 1 of the Law provides that the Law applies to all UAE residents – Emiratis and Expats, Muslims […]
Law Updates
Amendments to UAE Commercial Agency Law
The amendments to the UAE Commercial Agency Law (CAL) brought about by Federal Law No. 11 of 2020, makes a significant addition to the types of UAE legal entities that can register a Commercial Agency arrangement at the Ministry of Economy, UAE. Commercial Agency is basically an arrangement entered into between a Producer/Manufacturer and his […]
Corporate and Commercial
Purchase Financing in UAE – Recent changes in Law
On 01/06/2020, Federal Law No. 4 of 2020 on Guaranteeing Rights Related to Movables (New law) repealed Federal Law No. 20 of 2016 on mortgaging of movable property as security for debts (Old law). The Old law, had put in place a regime for registering security interests over movable assets in UAE and bridged various […]
Law Updates
A fast track to saving legal costs for businesses: preventive legal methods
Businesses spend large amounts in litigation costs every year. The amounts lost on account of lost claims are frighteningly higher. An emerging trend is to identify and prevent or reduce such losses at an early stage, resulting in substantial financial benefits to businesses. There are various innovative ways by which potential legal risks can be […]