8 Essential Issues to Consider Before Signing your Sale and Purchase Agreement – Dubai Property La
Purchasing off-plan property has become the new norm, with affordable prices and the increase in incentives being offered, purchasers are quick to jump on the bandwagon. The Dubai Law No. (8) of 2007 On the Matter of Escrow Accounts for Real Estate Development (“Escrow Law”) was issued for the purposes of safeguarding purchaser’s money after …
Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE
Definition of bankruptcy: Legally speaking, bankruptcy is an expression used to describe a legal status in which a natural (individual) or legal (company) person owes a sum of money to third parties and ceases to pay its debts when they fall due because of its troubled financial position and insolvency.
Preventing Money Laundering In The Gambling Industry
With a bookmaker being ordered to pay millions for failing to prevent money laundering, Nicola Sharp and Syedur Rahman examine how the gambling industry can tackle the problem.
The Financial Instrument Test
A. INTRODUCTION By enacting the Virtual Financial Assets Act (VFAA), the Maltese Government has regulated the Blockchain / ICO / DLT industry. The law appoints the Malta Financial Services Authority (MFSA) as the designated authority to oversee this business. Since this industry has elements of the Financial Service Regulations (namely MiFID), it is important to …
Publication of the Insurance Distribution Act and Insurance Distribution Rules
The Insurance Distribution Rules published by the MFSA come into force as of 1st October 2018.
Cautious Optimism on 100 per cent Foreign Ownership
Recent media reports have suggested that 100 per cent foreign ownership of companies in the UAE will now be permitted. The reports are based on a government press release regarding a UAE Federal Cabinet (Cabinet) meeting held on 20 May 2018.
Thoughts on the Extradition Rules under the UAE Laws
This article assesses the feasibilities and outline of the process of extradition in the UAE. The article also reviews how extradition succeeds through judicial collaboration internationally.
Arbitration Article Series V: Challenging an Arbitration
In this case the losing party will file an annulment case. However, it may be possible to argue that the parties have accepted the tribunal’s jurisdiction, or have waived any right to object, or have lost that right by not objecting at the first opportunity.
The Public-Private Partnership Law Review 3rd Edition
The Philippine chapter of The Public-Private Partnership Law Review 3rd edition was contributed by SyCipLaw partners Marievic G. Ramos-Añonuevo and Arlene M. Maneja. The chapter includes information on public-private partnerships (PPPs) in the Philippines, including general framework, bidding and award procedure, contractual arrangements, financing, and recent developments and decisions.
Arbitration Article Series IV: Enforcing Arbitration Awards
In this case the losing party will file an annulment case. However, it may be possible to argue that the parties have accepted the tribunal’s jurisdiction, or have waived any right to object, or have lost that right by not objecting at the first opportunity.