ADGM
The Abu Dhabi Chamber of Commerce and Industry has unveiled the Abu Dhabi International Arbitration Centre (arbitrateAD), a new international arbitration centre situated in Abu Dhabi. Starting February 1, 2024, the new governance framework and arbitration regulations will supersede those of the Abu Dhabi Commercial Conciliation and Arbitration Centre (ADCCAC). This significant development marks a […]
Reshma Rose Jacob · 22 Dec 2023 · 6 minRead →
Compliance in the UAE
Federal Decree-Law No. (32) of 2023 on Finance Lease comes into effect on 29 March 2024 Bilateral and tripartite leasing includes sale-leaseback arrangements Registration of a finance lease agreement is no more mandatory; but needed to ensure enforceability with third parties In a tripartite lease arrangement, the risk of loss concerning the leased asset is […]
Amy Denny · 17 Dec 2023 · 6 minRead →
Compliance in the UAE
The UAE Labour Law amendment has brought in a transformative development. We explore the implications for employers and employees in the UAE, with the introduction of Federal Decree-Law No. 20/2023 on 13/09/2023.
Reshma Rose Jacob · 16 Nov 2023 · 9 minRead →
Debt Recovery
Arrest Threat for Payment Defaulters Eased in Landmark Judgment by The Dubai Court of Cassation
Jerome Jose · 13 Nov 2023 · 5 minRead →
Arbitration
Introduction In the realm of contract disputes, parties often have the choice between litigation and arbitration as methods of resolving legal conflicts. The decision to include an arbitration provision in a contract can have far-reaching implications for the parties involved. By examining the specific language of a “dispute resolution” clause, the parties can agree in […]
ATB Legal · 31 Jul 2023 · 9 minRead →
Arbitration
Introduction Disputes are a common occurrence in the business world, and in today’s fast-paced commercial environment, time is as valuable as money. Lengthy and complex court battles can result in losses for both parties involved in a dispute. To address this issue, Alternative Dispute Resolution (“ADR”) mechanisms have emerged as a means of simplifying and […]
ATB Legal · 6 Jul 2023 · 19 minRead →
DIFC
On 13 September 2022, the UAE Ministry of Justice (MoJ) issued a directive that is seen as a significant stride toward the enforcement of English Court Judgements in the UAE. Principle of Reciprocity The directive states that judgments rendered by English Courts may be enforced in the UAE in accordance with the Principle of reciprocity […]
ATB Legal · 23 Sep 2022 · 3 minRead →
Banking
Recent UAE Court judgements and stringent measures taken by UAE authorities point to an approach of zero tolerance towards money laundering activities. In most of the cases, the officials were accused of money laundering, misappropriation of public funds, forgery and use of forged documents. Related Services: UAE Mainland Litigation, Banking Legal Services A former Chairman and […]
ATB Legal · 6 Feb 2021 · 2 minRead →
Litigation
Here we are listing out few points to remember for appealing in Dubai Courts if you are not satisfied with the verdict. The foremost thing is the timeframe. It is equally applicable to both the petitioners and defendants. The appeal against a first-instance verdict should be done within 15 days from the date of Judgement. […]
ATB Legal · 5 Jan 2021 · 2 minRead →
Labour Law
2020 saw several laws that would alter your life in UAE in the personal front and in the public front. This covers a wide range from marriage laws to Arabic interpreters for Foreign speakers. Life in UAE is definitely going to change for the better with these laws. A quick glance through the major ones: […]
ATB Legal · 3 Jan 2021 · 3 minRead →