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Legal analysis and practical guidance on cross-border business, disputes, corporate, employment and IP matters across India and the UAE — including the Legal Help Desk, our Q&A column on the problems clients actually meet.

DIFC

Dubai launches ‘Space Courts’ to support global space economy

Dubai International Financial Centre (DIFC) Courts and the Dubai Future Foundation (DFF) have launched  Courts of Space on 01.02.2021 to judge global space disputes. Trainings will be provided to Judges to qualify as experts in space legal disputes. The launch signifies UAE’s intent to pioneer in the cases related to space disputes. Related Services: DIFC […]

ATB Legal · 8 Feb 2021 · 1 minRead →
Banking

UAE takes more stringent measures on money laundering

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 →
Corporate and Commercial

India Budget 2021 – good news for NRIs

Contrary to previous budgets, this year NRIs have received their fair share of incentives. The foremost is the relaxation announced on Double Taxation. Finance Minister Smt. Nirmala Sitharaman pointed out that NRIs faced issues related to their accrued incomes in their foreign retirement accounts mainly due to a mismatch in the taxation periods. The new […]

ATB Legal · 3 Feb 2021 · 1 minRead →
Law Updates

UAE to grant citizenship to foreigners to retain talent and diversify the economy

UAE plans to offer citizenship to gifted expatriates and thereby give them a bigger stake in the economy.  The new amendment states that UAE nationality may be obtained by law, citizenship or naturalization. The policy aims to acknowledge the exceptional foreign talents in UAE and to attract new talents resulting in the development and prosperity […]

ATB Legal · 31 Jan 2021 · 2 minRead →
Corporate and Commercial

Arabtec appoints Advisors for selling its Subsidiaries during Liquidation Process

Arabtec, Dubai-based construction major, hired de Novo Corporate Advisors and Lumina Capital Advisers to secure maximum value for subsidiaries including Target Engineering and Arabtec Engineering Services (AES). The company assured the creditors that they would try their level best to protect the value of the liquidation assets. The company is ready to implement all possible […]

ATB Legal · 14 Jan 2021 · 1 minRead →
Arbitration

ICC Arbitration Rules 2021: key changes and takeaways

ICC Arbitration Rule 2021 applies to all ICC arbitration proceedings happening after the 1st of January 2021, regardless of the agreement end date. The exception is only when the parties at the time of submission agrees to go with the existing agreement. The 2021 Rules aim at greater efficiency, flexibility and transparency of the proceedings […]

ATB Legal · 8 Jan 2021 · 3 minRead →
Arbitration

Cairn Energy, UK wins $1.2 billion arbitration award against the Government of India

British Oil and Gas explorer Cairn Energy Plc has won an arbitration award of USD1.2 billion, plus interest and costs against the Government of India on a tax dispute. The dispute arose as a result of a change in Indian Tax law in 2012, enabling the government to retrospectively tax companies for mergers and acquisitions […]

ATB Legal · 30 Dec 2020 · 2 minRead →
ADGM

ICC Court to open Overseas Case Management Office in ADGM, Abu Dhabi, UAE

The International Chamber of Commerce (ICC) and Abu Dhabi Global Market (ADGM) announced the opening of an ICC case management office in Abu Dhabi, UAE. The existing activities of the ICC MENA region will be integrated into this new case management structure, as agreed by ICC and ADGM. Related Services: ADGM Practices Operations are expected […]

ATB Legal · 27 Dec 2020 · 1 minRead →
Law Updates

UAE Federal Judiciary sets up One-Day Court for Swift Justice

The UAE Federal Judiciary approved the establishment of misdemeanor courts for the decision of specific minor cases in just one day based on the Code of Criminal Procedures. This will reduce the backlog of cases in the courts resulting in better efficiency of judiciary. Related Services: UAE Mainland Litigation The cases that are addressed in […]

ATB Legal · 23 Dec 2020 · 2 minRead →
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 […]

ATB Legal · 11 Dec 2020 · 1 minRead →