Settlement Agreements in Redundancy
Settlement agreements, a legally binding agreement between an employer and an employee ending the employment relationship are generally invoked when a dispute arises and it has been decided to resolve the dispute without recourse to litigation and without the potential for the employee to take the employer to the tribunal or to court at a …
Does Cryptocurrency sector finally face Regulation?
The collapse of FTX Trading Ltd. (FTX) and the subsequent arrest of Samuel Bankman-Fried, the founder, has yet again highlighted the significant risk that trading in cryptocurrency poses. Crypto currency enjoys a reputation of being the “wild west” of financial investment sector. The regulating bodies in both Europe and the U.S.A have been murmuring about …
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Essential information on the Redundancy Procedure
Most businesses have suffered several blows in the past two to three years following Brexit, the pandemic, lockdown and the crisis in Ukraine. Now consumer-facing industry sectors, such as hospitality and retail, are struggling to get back on their feet and the economic crisis is adding further problems to be overcome.
Recent Capital Markets Regulatory Trend
In addition to the stagnation of Korea’s capital markets, as concerns about losses and damages arising from financial transactions are increasing, financial authorities are continuing to increase the level of supervision on capital markets. Recently, ‘Unfair Trading Investigation/Inspection Council’, comprised of the Financial Services Commission (the “FSC”), the Financial Supervisory Service (the “FSS”), the Korea …
Sports Arbitration in Qatar
As the name suggests, sports arbitrations take place in relation to the disputes arising out of a sport. Broadly speaking, sports disputes tend to fall into two categories: commercial disputes; and disputes of a disciplinary nature. The former covers disputes relating to the execution of commercial contracts, such as those relating to player transfers, broadcasting …
Voting Rights: The new arsenal for Lenders
In India, it is a common practice for the promoters/directors of a company to pledge their securities to secure the loans raised by such companies. Rights in relation to the pledged securities, including right to exercise voting rights over the shares, transfer the share downstream or constitute a nominee, have always been a bone of …
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Explained: What to do if your bank account has been scammed in the UAE?
Online fraud is increasing day by day, with bank accounts also being scammed in the UAE. Many times, you may get a call purportedly from a bank asking for your personal details, or your account number. It is important to beware of scam calls, or messages which request for your OTP.
What is the Difference between a Bribe and Blackmailing?
Bribe and blackmail are two different concepts under criminal law. Bribe is generally understood to mean offering a gift or a benefit to another person who is in a position of power or who holds a public office, in exchange for a favor which may not be in line with his duties. On the other …
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What Are The Key Takeaways from The New Laws Governing Family Matters for Non-Muslims in the UAE?
Latest Update: The UAE has Issued a Civil Personal Status Law for non-Muslims at the Federal Level. The New Federal Law comes after the effective application of a non-Muslims Personal Status Law existing in Abu Dhabi.
What is the Legislative Framework for Insolvency in the United Arab Emirates?
The legislative framework for insolvency and bankruptcy in the United Arab Emirates is codified under the two following laws.