Insight Category: News
More than ever, crypto-investors in UAE need awareness and defense against scams. Michael Kortbawi speaks to Gulf News on how to avoid crypto-scams. It has become clear that the UAE has recognised the tremendous potential of cryptocurrency and blockchain technologies, and is set to be a hyper-connected city as well as an ever-evolving business hub.… Continue reading UAE empowers crypto investors in fight against scammers...
Finding the perfect home is one of the most important decisions for anyone, but so is having the right landlord. So, if you want to find out whether there are any active or past rental cases against him or her, you can do so by requesting for a Rental Good Conduct (RGC) Certificate from the… Continue reading Rental Good Conduct Certificate: What you need to know...
Employee welfare and rights have always been a top priority for UAE legislators. This has been the case since the implementation of the UAE Labour Law, which has seen several amendments and finally a repeal. Specifically, legislators have consistently ensured that the employees’ entitlements and benefits sought from the employer, take priority over other creditors… Continue reading Employees face the possibility of losing priority over their entitlements...
A criminal complaint takes precedence over a civil claim or “Le criminel tient le civil en l’état”, is a legal principle with origins in the French Penal Procedures Law, which is commonly applicable in most countries following a civil law system. This principle aims to stay civil proceedings until a final and enforceable judgment is… Continue reading Bankruptcy limitation on criminal complaints...
The UAE business community has been attempting to prepare for the introduction of the country’s new labour law on Wednesday, but there has been uncertainty regarding how it will impact the number of annual leave days that employees are entitled to, with some suggesting that the new law represents an increase in time off. However,… Continue reading Here is how the new UAE Labour Law will affect annual leave...
Jimmy Haoula explains, to Khaleej Times, that one of the key attributes of the new law is the prevention of the sale of shares or dividends of family-owned businesses to individuals or companies outside the family. “In order to do so, prior approval from family members is now required before any shareholder can sell an equity… Continue reading How UAE’s new family business ownership law protects against ‘hostile situations’...
On the 7th of November 2021, his highness Sheikh Khalifa Bin Zayed Al Nahyan President of the United Arab Emirates and the ruler of its Capital Abu Dhabi issued law No. 4/2021 regarding civil marriage and its effects in the Emirate of Abu Dhabi. This introduced new principles in relation to the personal status laws… Continue reading What is the process for civil marriage and divorce in Abu Dhabi...
The new Rules reflect the evolving needs of the global business community and include a framework for efficient dispute resolution, digitization of operations and processes and flexibility for all participating parties. Consistent with the UAE Federal Arbitration Law, which in turn is modelled after the UNCITRAL Model Law, the Rules form the backbone of a… Continue reading The new 2022 DIAC Arbitration Rules: the Backbone of a State-of-the-Art International Arbitration Regime...
From hanging out with your avatar friends, buying avatar wearables at e-shopping malls, or even purchasing a home, property, or setting up a business, it’s all starting to take place via a computer-simulated reality on the metaverse. And so far, it has kept governments’ prying eyes at bay. “The UAE hasn’t yet recognized the metaverse… Continue reading No country has jurisdiction over the metaverse (yet)...
The recent announcement by the American casino chain Wynn Resorts to build an integrated luxury resort in Ras Al Khaimah with multiple entertainment venues and a gaming center has sparked many questions about the type of games that would be available in the Muslim-majority country where gambling is forbidden. The announcement comes months after rumors circulated… Continue reading Wynn Resorts: RAK deal raises a few eyebrows...