Everything You Need to Know about the New Joint Property Law in Dubai
Background and introduction Just recently, His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE issued Law No. (6) of 2019 pertaining to the Joint Ownership of Properties (Joint Ownership Law) in Dubai. This newly enacted law repeals Law No. (27) of 2007 concerning Jointly Owned Property in the …
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News Alert: Economic Substance Requirements Guidance Issued
Introduction On 11 September 2019, the UAE issued Ministerial Decision No. 215 of 2019 on the Directives for the implementation of the Economic Substance Regulations (ESR). The ESR was earlier published in April 2019 as the Cabinet of Ministers Resolution No. 31 of 2019.
10 things to now about the new Incoterms 2020
Published since 1936, the International Chamber of Commerce (ICC) has published a set of three-letter trading terms for the use in sale and purchase contracts. These ‘Incoterms' deal withthe obligations of the buyer and seller and consists of 11 three- letter trading terms grouped as follows:
SOCIAL MEDIA INFLUENCERS: BOON OR BANE?
“Social Media Influencers, whether their audience is significant or small, impact the lives of everybody who watches their content. They do have a responsibility to ensure what they are publishing is not harmful or offensive.” This statement made by the Single Judge of the Bombay High Court brought into the limelight the impact and responsibilities …
Armenia: Prevention of Leadership Duality
When attempting to create corporations that safeguard the interests of shareholders, many companies implement a two-tier corporate hierarchy. At the first level is the board of directors: elected by the shareholders and on the second tier is the upper management: hired by the board. The one-tier board provides a better understanding of the operational issues …
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Private Funds Update – Some Issues arising out of SEBI’S Circular dated February 5, 2020 for Alternative Investment Funds
The Securities and Exchange Board of India (“SEBI”) issued circular no. SEBI/HO/IMD/DF6/CIR/P/2020/24 dated February 5, 2020 (“Circular”) that introduces standard templates for alternative investment funds’ (“AIF”) private placement memorandums (“PPM”), annual audits of compliance with the terms of the PPM and mandatory performance benchmarking for AIFs with provisions for additional customised performance reporting. An overview …
NON-COMPETE PROTECTION LAWS; PARTNERS & SHAREHOLDERS IN UAE
I. A deep-dive into UAE laws for business partners and shareholders.
ECONOMIC OFFENCES AND DIRECTOR LIABILITY UNDER INDIAN LAW
In the last few years, Indian law enforcement agencies have been aggressively investigating businesses that are implicated in any malfeasance or even non-compliance of license terms as required under statutes. Typically, most of the offences committed by companies fall in the category of economic offences. Indian courts have held that economic offences need to be …
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Will Company Be Liable Is Manager Issue Personal Cheque to Debtors?
A manager of a company is considered as its face bearing an extensive range of responsibilities despite the commitments and obligations mentioned in the Companies Law of UAE. Yet, the law does not highlight personal obligations of loyalty and constancy.
A critical approach on th Law Regulating the provision of Administrative Services
(Please refer to our website for the full article) A. INTRODUCTION – THE LAW