Galadari Advocates & Legal Consultants

Galadari Advocates & Legal Consultants

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News and developments

What do we do with all this carbon?

Being of organic nature and found in the earth’s crust, the history of carbon is as old as the earth itself, and yet it is closely connected to the history of humankind.

26 June 2024

Tax

Tax on foreign banks operating in the emirate of dubai

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of the Emirate of Dubai issued Law No. 1 of 2024 regarding Tax on Foreign Banks Operating in the Emirate of Dubai (“Law”).

12 March 2024

Press Releases

Wipr leaders directory 2023 recognises raka roy as a global ip leader

Galadari Advocates & Legal Consultants are excited to announce that Partner and Head of IP and Data Protection Raka Roy has been recognized in the newly released 2023 edition of World Intellectual Property Review (WIPR) Leaders Directory as a Global IP Leader.

21 March 2024

Press Releases

The uae plans to double its re-exports

The UAE Cabinet has approved the national agenda for re-export development 2030, comprising of 24 initiatives and programs aimed at doubling re-exporting from the UAE over the next seven years.

27 April 2023

Tax

Uae introduces corporate tax relief to support small businesses.

The United Arab Emirates will soon be introducing Corporate Tax, effective for financial years starting on or after 1 June 2023, applicable on the net profit of companies or other businesses in accordance with Federal Law No.47 of 2022 on Taxation of Corporations and Businesses. This move aligns the UAE with other countries implementing Corporate Tax.

26 April 2023

Criminal

Another positive step in making dubai a safe place to do business.

Ten banks and financial institutions have formed strategic partnerships with the General Department of Dubai Police to combat financial and economic crimes and improve security. The MoUs signed between the parties aim to facilitate the exchange of knowledge and experience in areas of mutual interest and promote joint efforts to investigate and anticipate economic crimes.

26 April 2023

Debt

Securing a bunkering claim in the united arab emirates

This article seeks to discuss the possibility for a bunker supplier, whether a physical supplier or a trader, to arrest and enforce the statutory lien generated by their debt over a ship in the United Arab Emirates (“UAE”) jurisdiction.

15 March 2023

Investment

From foundations to the future: dubai’s journey

Later this month, my colleagues and I will be participating in the Legal 500 Middle East Corporate, Commercial and M&A Summit 2023. The event will feature A panel of private practice lawyers and in-house counsels who will discuss some of the current hot topics in corporate/commercial law in the UAE, including the introduction of Corporate Tax, foreign direct investment (FDI) trends and regional M&A activity.

21 February 2023

Cryptocurrency

Navigating regulatory landscapes for tokenized assets in the uae: best practices and emerging trends

Tokenized assets, more commonly known as digital securities or security tokens, have become increasingly popular as a means of raising capital and providing investment opportunities. They are digital representations of real-world assets, such as stocks, bonds, real estate, and commodities, that are recorded on a blockchain. The tokenization process allows for the creation of fractional ownership, increased liquidity, and the ability to trade assets on a global scale.

14 February 2023

Arbitration

Expedited procedure under the icc arbitration rules

During the virtual launch of the Centenary of the International Court of Arbitration on January 19 2023, arbitration practitioners and users were reminded of the mission of the ICC Court’s mission “to provide access to justice and the rule of law to everyone, every day, everywhere.”

14 February 2023

Healthcare

Coping with allegations of medical malpractice in uae- a defence lawyer’s perspective

Over two decades ago, an American psychiatrist at the University of Illinois, School of Medicine published an article [1] (“the Article”) on how physicians react to accusations of medical malpractice and suggested a range of strategies that they can use to diminish the emotional disequilibrium that accompanies this experience. Dr Charles’ findings were based upon survey and interview studies and extensive clinical experience going back to the mid late 1980’s- as well as being sued personally as a defendant in medical malpractice Court proceedings.

08 February 2023

Tax

Corporate tax in the uae: how may this affect your business?

The UAE Ministry of Finance have recently published the Federal Law No. 47/2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law.”) The Corporate Tax Law was issued on December 9, 2022, in an effort to aid the UAE in achieving its strategic objectives and accelerate the country’s development and transformation.

08 February 2023

Healthcare

Arab health 2023 – should medico legal issues be on the agenda?

At the end of this month, the medical world is about to descend upon our fair city for the 2023 edition of Arab Health. Impressive statistics underscore the importance of this event and announces in the post-Covid Era that the Big Event is back- bolder and bigger than before. 3,000 Exhibitors from 70 Countries. Over 50,000 live visitors. 9 Medical Conferences. 300 plus speakers. 150 sessions.

30 January 2023

Class Action

Strength in numbers – how class actions enable individual voices to be heard.

It may have happened to you. You made an investment in a publicly listed company based on their information, only to later learn it was misleading, or you purchased a product only to later discover it was harmful. In both cases, your loss might be less or more severe in either situation. If several people have experienced a comparable loss, it could be reasonable for them to combine their claims, so the total amount is significant enough to warrant a lawsuit. This is called a ‘class action’ lawsuit, represented by a group of people with related legal claims against one or more defendants such as investors, patients, consumers, or workers. Currently, the United Arab Emirates does not adopt a precise legal framework for class action lawsuits. This is because the legal system of UAE is based on the civil law system, which differs from the common law system where class actions are more frequent.

19 January 2023

Consumer

What remedies does a buyer have for defective goods under uae law and english law?

In international sale contracts, the difficulty is often in determining exactly what obligations the terms of the contract create. This difficulty is not always apparent in negotiating the contract but becomes apparent when there is a dispute in which the parties argue that the terms in question hold different meanings. Merchant traders want to know the standard which the law applies so they can plan their business often do not have fine legal semantics in mind during contract negotiation. But they are subject to the niceties of the law in fixing their rights and obligations. [1] This being stated, it would seem to follow that a high degree of legal certainty and predictability is required. This paper will consider the extent to which the law of the United Arab Emirates (“UAE”) and the English law relating to termination recognize and provide for this need.

11 January 2023

Press Releases

And it was the ip strategy that made my business plan edgy!

For both Ariana and Asma it was critical that their respective business plans get accepted. While Araina was trying to win the investors for her start up, Asma wanted her much awaited promotion from the board of directors. While Ariana did crack the deal,sadly Asma didn’t.

28 October 2019

Press Releases

Out with the old, in with the new: comparing difc and adgm arbitration law

The UAE has implemented a major initiative to update its laws and procedures, by adopting best international practice to encourage foreign direct investment and trade more generally with the UAE. There was a new Companies Law in 2015, a Bankruptcy Law in 2016, tax laws in 2017, and a Federal Arbitration Law and Foreign Direct Investment Law in 2018. In addition to that, Federal law No. 18 of 2017 amended the Companies Law to allow the authorities to dis-apply the requirement for 51% local ownership of UAE companies. A clear message is being sent to the world that the UAE is open for business, there is a strong modern structure in place in a form which is familiar to the big international players and which will serve their business needs.

28 October 2019

Press Releases

Are security cheques still an effective form of security in dubai?

Cheques are the most commonly used commercial paper in the UAE not only because they are used as a method of payment, but also, because they are the only commercial paper secured by the provisions of the UAE’s Penal Code (the “Penal Code”)to enhance confidence in cheques as a form of payment. As a result, cheques have been used for decades in the local market as a form of security.

28 October 2019

Press Releases

Arbitration in the uae under the new arbitration law

Arbitration practice and procedure has developed rapidly in the UAE, and the courts now take a far more pro-active role in supporting the arbitration process and enforcing arbitral awards. This movement can be seen progressively in Cassation Court judgments over the past ten years and is now recognised in Federal Law No. 6 of 2018 on Arbitration (the “new Arbitration Law”), which repealed and replaced the old arbitration law in Articles 203 to 218 of Federal Law No. 11 of 1992. The old law did not reflect international best practice and left too much scope for the award debtor to avoid making payment

28 October 2019

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