Insights

Sports Arbitration Center in UAE commenced full operations

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Points to note when appealing against a Dubai court verdict

Here we are listing out few points to remember for appealing in Dubai Courts if you are not satisfied with the verdict. The foremost thing is the timeframe. It is equally applicable to both the petitioners and defendants. The appeal against a first-instance verdict should be done within 15 days from the date of Judgement. […]

Highlights of the 2020 legal amendments in UAE one should be aware of

2020 saw several laws that would alter your life in UAE in the personal front and in the public front. This covers a wide range from marriage laws to Arabic interpreters for Foreign speakers. Life in UAE is definitely going to change for the better with these laws. A quick glance through the major ones: […]

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 […]