This represents a positive shift towards a more arbitration-friendly approach in UAE courts. On 26 February 2024, the Abu Dhabi Court of First Instance, Commercial Division, ruled in Case No. 1046/2023, presided over by Judge Ahmed Bakri Abdullah Hassan Al-Sayed, affirming the validity of a DIFC-LCIA arbitration agreement. This decision was further upheld by the...
The violation activities relating to anti-money laundering and prevention of terrorism financing pertain to 4 main categories: brokers and real estate agents, dealers of precious metals and gemstones, auditors, and corporate service providers. The first step is to register in two systems: Financial Intelligence Unit (goAML) and on the Committee for Commodities Subject to Import...
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...
AFTER REVIEWING THE CONSTITUTION, FEDERAL LAW (1) of 1972, RESOLUTION OF THE CABINET (57) of 2018 and BASED ON THE PROPOSITION OF THE MINISTER OF JUSTICE AND APPROVAL OF THE CABINET
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