Legal actions about emotional distress in the country
A victim or his family may suffer emotional or mental distress when a breach, violation is committed against the victim. Under the UAE law, monetary compensation, in the form of moral damages, may be sought to compensate for such mental distress or such non-financial loss, in addition to compensatory damages which may be claimed for …
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What are the general policies in commercial liabilities in the UAE?
Commercial liabilities are understood to mean liabilities of a business. In today’s world, given how much investment one puts into the business and the risks associated with it, it is very common for a business to obtain a coverage which protects the business.
Great Expectations: India’s Tryst with Climate Change
While presenting the Union Budget this year, the Indian Finance Minister had announced the government’s intention to issue ‘green bonds’ [1] with a sovereign rating, the proceeds of which would be used to finance a variety of public-sector green infrastructure projects. According to recent media reports, [2] it appears that the government is about to …
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The importance of the safety net of a Letter of Indemnity
In most business transactions there is always the potential for unexpected irregularities to arise. A Letter of Indemnity (LOI) in shipping is a legal document that exonerates carriers of any liability and claims that might result from changes to the contract, potential damage to the goods, additional costs, or other unfavorable effects.
Writing Wills for your European property
The global disruption caused by the pandemic has led many people to re-consider their way of life. The lure of the relaxed lifestyle across a number of European countries together with the warmer climate and Mediterranean diet has resulted in an increase in British citizens relocating to countries in the European Union.
RECOMMENDATIONS OF THE WORKING GROUP ON DIGITAL LENDING – IMPLEMENTATION: FLDG
The regulatory framework issued by the Reserve Bank of India (“RBI”) on implementation of the Recommendations of the Working Group on Digital Lending on 10.08.2022 (“Implementation Framework”) [1] has resulted in much discussion on permissibility of first loss default guarantee (“FLDG”).
Fundamental Changes in the Consumer Protection Law Are Round the Corner
In recent years, together with the pandemic, which has radically changed many commercial practices in the world, electronic commerce has developed in our country as well as the world, and this has led to radical changes in consumption habits. Along with these rapid changes, the need for both the protection of consumer rights and the …
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Promissory note / Cheque / Bill of exchange – financial instruments in Romania
Business relationships between professionals in Romania can bring a number of advantages, but often also various inconveniences. The latter are often caused by non-compliance with pecuniary obligations, which is why the parties involved may end up being enforced. In order to be enforced in Romania, it is necessary to go through some steps to obtain …
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Constructions disputes in Romania. Liability of the Constructor
The liability of the constructor in Romania for the executed construction works is regulated by the provisions of the art. 1879 – 1890, Romanian Civil Code. The executed works are subject to terms regarding their operating performance in the sense that the works must fully comply with the requirements and quality indices provided in the …
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2022 Proposed Korean Tax Law Amendments – International Taxation
The Ministry of Economy and Finance (MOEF) released “2022 proposed tax law amendments” (the Proposed Amendments) on July 21, 2022 which would generally be effective from 2023.