Gratuity amount is calculated as follows: No gratuity until one year of service. 21 days of basic salary for each year of service for the first five years of employment; 30 days of basic salary for each subsequent year of service. As an employee in the Dubai International Financial Centre (DIFC), it is crucial to...
A majority of tariff lines will be subject to 0% customs duties. Other tariff lines will undergo phased elimination of customs duties over 5, 7, and 10 years. Introduces an invoice declaration of origin tailored for approved exporters. Collaborative efforts are underway to address Technical Barriers to Trade (TBT). Commits to implementing Authorized Economic Operator...
Patent specifications—meticulously crafted claims, comprehensive drawings, and in-depth descriptions—help inventors successfully communicate the essence of their creations and secure robust patent protection in the complex landscape of international intellectual property. In the realm of intellectual property protection, patents stand as beacons of innovation, safeguarding inventive ideas from imitation. In the United Arab Emirates (UAE), the...
UAE Bankruptcy Court according to the Federal Decree-Law No. 51/2023 comes into effect on May 1 Eliminates the need for distinct enforcement proceedings initiated by creditors Preventive Settlement mechanism replaces the Bankruptcy Preventive Composition In a significant stride towards enhancing the legal framework for financial restructuring and insolvency in the United Arab Emirates (UAE), the...
When the urgency of public health collides with proprietary patents, the United Arab Emirates (UAE) navigates this delicate balance with the mechanism of compulsory licensing. The world of pharmaceuticals, particularly vaccine development, stands as a testament to human ingenuity and scientific progress. However, behind the scenes, this pursuit is marked by immense challenges, including high...
UAE’s recent enactment of a federal decree-law signifies a pivotal step towards regulating and nurturing a vibrant media landscape. The comprehensive legislation extends ownership opportunities to both individuals and legal entities The UAE Media Council will oversee various aspects including the classification of creative productions and issuance of permits The decree outlines a 12-month adjustment...
The Paris Convention, to which the UAE is a signatory, provides a framework for recognizing the priority of an earlier filing in another country—a fundamental feature of international patent law, for the protection of industrial property. The United Arab Emirates (UAE) has rapidly emerged as a global hub for innovation and technological advancement. In line...
The Sultanate of Oman is gearing towards a Foreign Investor-friendly regulatory regime. With the latest regulatory reforms, foreign investment do not need a residency card to establish a business in Oman. This groundbreaking development is part of Oman’s strategic vision to diversify its economy and attract global investors. Thinking about expanding your business to Oman?...
The Supreme Audit Institution in the UAE is being replaced by the UAE Accountability Authority. The new Authority will be instrumental in UAE’s effort to curb Bureaucratic corruption and offer improved protection and safeguards to whistleblowers. Background WAM (Emirates News Agency), the official news agency of the United Arab Emirates (UAE) has reported on...
Judicial fees in Ras Al Khaima courts are substantially reduced for various legal proceedings, including civil and commercial lawsuits, rental disputes, and executive cases. Fee reductions for appeals made before the Courts of Appeal and Cassation. Jointly intervening litigants can engage in the legal process without incurring additional charges for their motions. On November 16,...
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