Legal Help Desk
In supply contracts can we include penalties for delays? End of Service Gratuity or DEWS: What do I get from my DIFC employer? Jurisdiction Clause: Safeguarding Interests in International Contracts Force Majeure Clause in Contracts: Being Prepared for the Unexpected The Hazards of Using Standard Templates for Contracts Partnership Agreements: […]
Legal Help Desk · 30 Nov 2024 · 1 minRead →
AML
Creating a robust Anti-Money Laundering (AML) compliance program in the UAE is essential for businesses to comply with stringent regulations aimed at preventing financial crimes. The UAE’s Anti-Money Laundering (AML) regulations, such as Federal Decree-Law No. 20 of 2018, govern financial institutions, Designated Non-Financial Businesses and Professions (DNFBPs), and Virtual Asset Service Providers (VASPs). Here’s […]
Kartik Shetty · 25 Nov 2024 · 4 minRead →
Arbitration
The establishment of the Conflict of Jurisdiction Tribunal under Decree No. 29 of 2024 marks a significant shift in resolving jurisdictional disputes between the Dubai Courts and the DIFC Courts. This new mechanism replaces the Joint Judicial Committee, addressing prior inefficiencies and ambiguity, while providing a streamlined process for adjudicating jurisdictional conflicts. Here’s an in-depth […]
Aeron Abraham Thomas · 25 Nov 2024 · 4 minRead →
Intellectual Property
In a groundbreaking development, member states of the World Intellectual Property Organization (WIPO) concluded a historic agreement during a diplomatic conference held in Riyadh, Saudi Arabia, from November 11 to 22, 2024. The newly adopted Riyadh Design Law Treaty represents a significant leap forward in simplifying and harmonizing international design protection mechanisms. It addresses long-standing […]
Hemakshi Prabhu · 25 Nov 2024 · 4 minRead →
Company Formation
The concept of dual licensing in the UAE has emerged as a significant development in the United Arab Emirates business landscape, offering companies unprecedented flexibility and market access. This legal framework allows businesses to operate simultaneously in the mainland and free zones, bridging the gap between these distinct jurisdictions. Understanding Dual Licensing in the UAE […]
Madhav Vinod Krishna · 23 Nov 2024 · 4 minRead →
Compliance in the UAE
The expansion of the Abu Dhabi Global Market (ADGM) to Al Reem Island marks a pivotal shift in the UAE’s regulatory landscape. Under the UAE Cabinet Resolution No. 41 of 2023, ADGM’s jurisdiction has extended beyond Al Maryah Island, bringing Al Reem Island under its common law system. This transformation, effective since April 2023, replaces […]
Aparna T Nambissan · 22 Nov 2024 · 5 minRead →
News
The Abu Dhabi Department of Economic Development (ADDED) has issued a circular prohibiting the use of the Abu Dhabi Government emblem on commercial products and services without prior authorization. This directive is in line with Law No. (5) of 2010, which governs the use of the Emirate’s official emblem. The circular emphasizes that the emblem […]
Jerome Jose · 21 Nov 2024 · 3 minRead →
Compliance in the UAE
Bankruptcy and insolvency are challenging realities that carry profound implications for businesses, affecting everything from operations and leadership to market perception and legal standing. This article examines the far-reaching consequences of bankruptcy, offering insights into its impact on organizations and their leadership. This article complements our foundational article on UAE bankruptcy law. Loss of Control […]
Madhav Vinod Krishna · 20 Nov 2024 · 4 minRead →
Compliance in the UAE
With the introduction of the New Bankruptcy Law in the UAE, businesses facing financial challenges now have a broader set of tools to avoid insolvency and liquidation. Emphasizing early intervention, the law provides mechanisms that empower companies to restructure their financial obligations and stabilize operations. This article complements our foundational article on UAE bankruptcy law […]
Madhav Vinod Krishna · 15 Nov 2024 · 4 minRead →
Compliance in the UAE
The UAE’s New Bankruptcy Law, effective from May 1, 2024, sets out a structured approach for entities facing insolvency, providing a pathway for liquidation as a final option. This article complements our foundational article on UAE bankruptcy law by offering a clear, step-by-step guide for stakeholders to understand and navigate the liquidation process under the new […]
Madhav Vinod Krishna · 15 Nov 2024 · 5 minRead →