Regulation of Competition is a robust legal framework crafted to encourage fair competition and deter monopoly. It’s poised to shape a fair, dynamic, and resilient business landscape in the UAE. Demonstrates the government’s commitment to fostering a level playing field and promoting innovation. The United Arab Emirates has recently implemented a substantial legal framework to...
Al Reem Island Becomes Part of ADGM (Abu Dhabi Global Market). Expands ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island. With 1438 hectares, ADGM becomes one of the largest concentrated Financial Districts in the world.
Setting a precedent in UAE corporate law, for the first time a UAE court grants compensation for non-financial losses in a business dispute, safeguarding a company's reputation and honour. This sets a UAE precedent. Energy drink brand Power Horse wins USD1 million as moral damages.
Ras Al Khaimah Digital Assets Oasis (RAK DAO) Free Zone signs agreement with DIFC Courts, to promote businesses in AI, Metaverse, Blockchain, NFTs, and more digital assets.
Notarization and authentication of contracts and other documents can be exclusively in English. This strategic initiative eliminates the need for translation of documents into Arabic. Digital accessibility significantly reduces processing time.
With the recent amendments, the UAE cements its position as a preferred hub for arbitration. These changes relate to more stringent measures to ensure the impartiality of an arbitrator, videoconferencing for hearings and engaging of legal experts for representation, among other things.
Introduction to the New Patent Law The United Arab Emirates (UAE) recognizes the importance of intellectual property rights in driving innovation and economic development. To align its practices with global standards and address challenges in patent and industrial design procedures, the UAE’s Ministry of Economy has recently implemented a new patent law. The new Federal...
In the latest amendment to the Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations vide Federal Decree-Law No. 14 of 2022, it has been decided that the employment contracts in the private sector will from now on be created for any definite period subject to the consent of both the...
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...
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....
