Impact of COVID-19 on banks, insurance companies and the economy of the UAE: Key Considerations
The outbreak of Covid-19 has been classified as a pandemic by the World Health Organization. Affecting approximately over 100 countries and territories, not only has it become a public health emergency, but with its growing effect and the precautionary measures being undertaken globally, it has also shaken the world economy; the effects of which are …
Coronavirus and its impact on the performance of commercial contracts from a UAE legal perspective
Force Majeure comes from a French term that literally translates to “greater force” and are commonly included within commercial contracts. The term Force Majeure in a legal context excuses a party from not performing its contractual obligations that have become impossible or impracticable because of an event that the parties have not foreseen. Force Majeure …
NON-COMPETE PROTECTION LAWS; PARTNERS & SHAREHOLDERS IN UAE
I. A deep-dive into UAE laws for business partners and shareholders.
Discrimination in Football: Its most famous cases,the evolution of its regulations,and its remedies
According to Oxford dictionary, discrimination is “The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.”
ENFORCEMENT OF FOREIGN JUDGMENTS IN THE UAE
Simplifying and contributing to the judicial nexus worldwide: In a globalised era, where business operations transcend geographical boundaries, countries and governments enter into bilateral/multilateral conventions or treaties to aid reciprocal recognition and enforcement of foreign judgments. With people and assets easily operating across borders, there are a multitude of disputes affecting corporates and PSUs that …
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REGULATIONS CONCERNING FINTECH COMPANIES
Fintech, in general terms, means the usage of technology for the provision of financial services. In recent years, UAE has seen a vast and rapid growth in the companies and institutions that are working towards developing and using technology, products, services etc. for the purposes of providing financial services in and outside of UAE. Considering …
The protection of Trademarks including the mechanism of Preventive Measures by its owner
1- Introduction : The trademark is like the identity card of products, goods and services that form the backbone of the state economy and the activity practiced by persons – individuals or groups – that was industrial, commercial or service.
Right of Set off under the UAE Civil Transaction Law No. 5 of 1985 and the view from the DIFC
In a 2018 judgment the DIFC, discussed and decided upon the concept of set-off under the UAE Civil Transaction Law No. 5 of 1985 (the “Civil Code”).
SPORTING THE LAW | The UAE PERSPECTIVE
Developing transparent and sustainable regulatory structures that conform to global measures: International sporting events have undergone tremendous metamorphosis over the past few decades, and today they generate large amounts of revenue throughout the world. Europe, Africa and Middle East account for the second largest sports market in the world whilst sponsorship being one of the …
Attachment Of A Bank Guarantee In Light Of The Provisions Of The Dubai Court Of Cassation
The bank guarantee is a very important tool in the business process it ensures that the liabilities of the debtor will be met in the event that the debtor fails to fulfill the contractual obligations; Pursuant to Article 411(1) of Federal Law No 18 of 1993 – Commercial Transactions Law (“CTL”), a bank guarantee is …