Arbitration
In the UAE, the legal basis for suspension and termination of construction contracts primarily comes from the Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates (Civil Code). Under Article 892 of the Civil Code, a Muqawala (construction) contract can be terminated upon the completion of work, by […]
ATB Research Team · 6 Aug 2024 · 6 minRead →
ADGM
The United Arab Emirates (UAE) is a rapidly developing country that places a strong emphasis on protecting the health and safety of its workforce. The legal framework governing labour relations in the UAE, particularly concerning health and safety, is primarily set out in Federal Decree-Law No. 33 of 2021 on the Regulation of Labour Relations, […]
Reshma Rose Jacob · 2 Aug 2024 · 6 minRead →
Company Formation
The concept of trusts, a longstanding fixture in common law jurisdictions, has been steadily gaining traction in the UAE’s legal landscape. With the introduction of specific regulations and the increasing acceptance of trust structures, the UAE offers a robust framework for both domestic and international clients seeking to utilize trusts for various purposes. This article […]
Kartik Shetty · 30 Jul 2024 · 6 minRead →
Company Formation
Introduction RAK International Corporate Centre (RAK ICC) Foundations offer a robust and versatile legal structure designed to manage and protect assets efficiently. As a corporate body with a distinct legal personality separate from its founder(s), the RAK ICC Foundation operates through its council to administer its assets and achieve its objectives. These foundations provide enhanced […]
Madhav Vinod Krishna · 26 Jul 2024 · 5 minRead →
Company Formation
Introduction Foundations serve as an efficient mechanism to consolidate family holdings of various assets into a single top-holding entity. Utilizing a Foundation to hold family assets, whether business interests, property, financial investments, or any other assets, allows for the legalization of clear instructions regarding the transfer of assets upon succession. The Abu Dhabi Global Market […]
Madhav Vinod Krishna · 25 Jul 2024 · 5 minRead →
Labour Law
In a significant regulatory update, the United Arab Emirates (UAE) Ministry of Human Resources and Emiratization (MOHRE) has announced a revolutionary shift in the procedural framework for work permit cancellations. Effective immediately, the cancellation of work permits for employees will necessitate no physical documentation, a substantial enhancement driven by the recently inaugurated Work Bundle platform. […]
Aparna T Nambissan · 9 Jul 2024 · 3 minRead →
Saudi Arabia
Saudi Arabia has long been a hub of economic activity in the Middle East, known for its rich natural resources and strategic location. In recent years, the Kingdom has embarked on an ambitious journey to diversify its economy away from oil dependence, embodied in the Vision 2030 plan. One of the key aspects of this […]
Kartik Shetty · 8 Jul 2024 · 5 minRead →
Saudi Arabia
Introduction The Zakat, Tax, and Customs Authority (ZATCA) was established through a Council of Ministers decision to merge the General Authority of Zakat and Tax and the General Customs Authority. This strategic consolidation was aimed at enhancing efficiency and compliance in the collection of zakat, taxes, and customs duties. ZATCA's establishment marks a significant step […]
Madhav Vinod Krishna · 6 Jul 2024 · 3 minRead →
News
From 1st July 2024, all licensed economic establishments must adhere to its new requirements when engaging social media influencers for advertising and for advertising on social media platforms and websites. Effective 1st July 2024, the Abu Dhabi Department of Economic Development (ADDED) has mandated that all licensed economic establishments must adhere to its new requirements […]
Benoy P Jacob · 24 Jun 2024 · 2 minRead →
News
The Council of Europe’s Convention on Artificial Intelligence lays a foundational framework for AI governance and regulation , emphasizing the protection of human rights, democracy, and the rule of law. AI Regulation and Governance: A Legal Perspective Artificial Intelligence (AI) represents a transformative leap in technological advancement, promising unparalleled benefits across various sectors. However, its […]
Madhav Vinod Krishna · 13 Jun 2024 · 4 minRead →