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September 9, 2022
SCI Judgement widens the Jurisdiction of Courts in determining the Arbitrability of Disputes.

The Honourable Supreme Court of India in its recent judgment held that in circumstances where the arbitration agreement specifically excludes certain conflicts from the scope of the arbitration clause and if there is “accord and satisfaction,” the courts may/can decide the question of jurisdiction and arbitrability under Section 11 of the Arbitration and Conciliation Act,1996....

September 1, 2022
New law in the UAE now provides Protection of Personal Data.

Introduction Personal Data means any data relating to an identified natural person or a natural person who can be identified, through the linking of data by reference to an identifiable information/data. The identifiers could be his or her name, voice, picture, physical or physiological information, cultural or social characteristics, electronic identifier, geographical location, and also...

May 1, 2021
Arbitration proceeding between two Indian parties can be validly conducted in a foreign seat – says Supreme Court of India

The Supreme Court of India, while disposing of an appeal filed in the matter of PASL Wind Solutions Private Limited Vs GE Power Conversion India Private Limited (2021) SCC Online SC 331  reconfirmed that arbitration proceeding between two Indian parties can be validly conducted in a foreign seat. This decision further augments the concept of...

April 28, 2021
Insurance Product Value increased to AED 250 for Companies that fail to Pay Salaries on Time

Insurance Product Value To improve work relationship stability, MoHRE, Ministry of Human Resources and Emiratisation, compelled private sector establishments to pay the wages on time under the Wages Protection System. This came up because of the COVID-19 challenges that affected the global labor markets. As a penalty for the wage issue, authorities have raised the...

April 27, 2021
Cabinet Approval to Increase Local Exports to Diversify from Oil and Gas

To diversify focus away from oil and gas, the UAE cabinet decided to increase the local export market to 50% of the total export. Cabinet approved an export development policy to support the country’s foreign trade and thereby increase the GDP contribution from non-oil sectors. This was to be attained by opening new channels and...

April 11, 2021
Tech start-ups and Entrepreneurs grab the opportunity at  DIFC and run the show.

DIFC, now available for all start-ups and entrepreneurs, offers an opportunity to grow and establish their businesses with the Innovation License. With DIFC’s vast connections every joiner will be open to diversified types of banks, financial, and service providers. DIFC Innovation License enables you to enter tech innovations in the MENASA region. DIFC FinTech Hive...

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