News
SCI Judgement widens the Jurisdiction of Courts in determining the Arbitrability of Disputes.
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….
New law in the UAE now provides Protection of Personal Data.
Introduction Personal Data means any data relating to an identified natural person or a natural person who can be identified, through the linking of data by reference to an identifiable information/data. The identifiers could be his or her name, voice, picture, physical or physiological information, cultural or social characteristics, electronic identifier, geographical location, and also…
Amendment to allow digitalization of Notary Public Services in Dubai
‘Notary Public’ services are expected to go digital as a result of the recent amendments to Law No. (4) of 2013 which deals with the Notary Public Activities in the Emirate of Dubai. His Highness Sheikh Muhammed bin Rashid Al Maktoum in his capacity as ruler of Dubai, issued Law No. (26) of 2021, amending…
Talent Attraction and Retention Approved by UAE
The UAE cabinet approved the Strategy for Talent Attraction and Retention to strengthen the UAE’s position as the best destination for living, working, and investing. The strategy plans to place UAE among the three top countries in talent attraction and retention. UAE is aware of the talents that contributed to its growth and is ready…
Singapore Flourishing as the International Arbitration Hub
Singapore International Arbitration Centre (SIAC) announced the registering of 1,080 new cases in 2020 which is 125% more than the year 2019. This tremendous growth is attributed to Singapore’s connectivity with the biggest economies of the world. By utilizing its geographical advantage and its continuous efforts to be on par with the legal practice of…
Arbitration proceeding between two Indian parties can be validly conducted in a foreign seat – says Supreme Court of India
The Supreme Court of India, while disposing of an appeal filed in the matter of PASL Wind Solutions Private Limited Vs GE Power Conversion India Private Limited (2021) SCC Online SC 331 reconfirmed that arbitration proceeding between two Indian parties can be validly conducted in a foreign seat. This decision further augments the concept of…
Insurance Product Value increased to AED 250 for Companies that fail to Pay Salaries on Time
Insurance Product Value To improve work relationship stability, MoHRE, Ministry of Human Resources and Emiratisation, compelled private sector establishments to pay the wages on time under the Wages Protection System. This came up because of the COVID-19 challenges that affected the global labor markets. As a penalty for the wage issue, authorities have raised the…
Cabinet Approval to Increase Local Exports to Diversify from Oil and Gas
To diversify focus away from oil and gas, the UAE cabinet decided to increase the local export market to 50% of the total export. Cabinet approved an export development policy to support the country’s foreign trade and thereby increase the GDP contribution from non-oil sectors. This was to be attained by opening new channels and…
6-Month visa to aid Golden Residency Visa Procedures
UAE ICA issued a six-month validity visa to help complete the Golden Visa procedures for long-duration residency. This visa can be stretched for an additional six months. The thing to be noted here is that the multiple-entry visa can be used only for the completion of Golden Visa procedures. Golden Visa is a 10-year validity…
Tech start-ups and Entrepreneurs grab the opportunity at DIFC and run the show.
DIFC, now available for all start-ups and entrepreneurs, offers an opportunity to grow and establish their businesses with the Innovation License. With DIFC’s vast connections every joiner will be open to diversified types of banks, financial, and service providers. DIFC Innovation License enables you to enter tech innovations in the MENASA region. DIFC FinTech Hive…