Insight Category: News
Six years ago, the United Nations put together a universal call to action to end poverty and protect the planet. This was in the form of the Sustainable Development Goals (SDGs), also known as the Global Goals. Access to affordable, reliable and modern energy was demarcated as one of these SDGs, with renewable energy noted… Continue reading The Middle East: Plugged into Renewable Energy...
One of the recent popular discussion topics across all social platforms in the UAE has been about the rights of landlords and tenants in regard to rent increases and eviction notices. There is a lack of clarity around: When can a landlord increase rent? Can a landlord increase rent arbitrarily? When does a landlord have… Continue reading Rent increases and eviction notices: what are your rights?...
Changes to the DIFC Employment Law serve to clarify ambiguities regarding the existing law and will increase the financial centre’s attractiveness.Bradley Moran, elaborates on the latest amendments to Dubai International Financial Centre’s Employment Law and what they mean for the hub’s employees and employers. Notable changes for all DIFC employers and employees include: Seconded employees… Continue reading DIFC Employment Law’s new Amendments Explained...
Central Bank Digital Currencies (“CBDC“) are a new form of digital currencies, sharing similar functions and the basic value as traditional banknotes and coins in general, such as being a source of value, an accounting unit, and a tool for exchange and currency exchange operations. As the history of money tells the story of struggles… Continue reading Central Bank Digital Currencies...
One of the most daunting prospects for an MEP sub-contractor – or, indeed, any sub-contractor – is the possibility of being held ransom to a pay-when-paid clause. Quite commonly included in MEP sub-contracts, this clause effectively dictates that the MEP sub-contractor will receive payment only within a given period of time, usually around 14 days,… Continue reading Testing the legal basis of the lack-of-pursuit argument...
There are a number of precautions that ought to be taken into consideration prior to investing in a UAE business. With Expo 2020 currently taking place, Dubai is busier than ever and many businesses are looking to enter the UAE market and existing businesses are looking to expand their presence. With that said, there are… Continue reading Precautions to consider prior to investing in a UAE business...
Issuing property tokens on the blockchain and creating a marketplace for owners, retail and institutional investors, could energize the regional real estate market. Getting involved in fractional property ownership using tokens requires legal knowledge. A Q&A with Nadim Bardawil and AMEinfo. Are individual and constitutional investorsin this regionlegally comfortable with this blockchain-based setup? The majority… Continue reading Considering fractional property ownership using tokens?...
All UAE business owners and managers should be aware of the very recent decision of the Dubai Court of First Instance in the matter of the Bankruptcy of Marka Holdings PJSC, which is indicative of the risk that a company’s Managers and Directors may face in an underfunded bankruptcy under the provisions of the UAE… Continue reading Marka Group Bankruptcy Update...
As blockchain and cryptocurrency regulations in the region begin to grow, numerous start-ups are showing interest, along with major financial institutions seeking to develop this innovation across the region.The concept of tokenisation of real estate assets involves creating a virtual token that represents ownership of a particular type of asset. Similar to the recent digital… Continue reading Tokenization of real estate assets: explained...
Earlier in September 2020, the UAE Cabinet issued decree number 15 of 2020, “The Decree”, and introduced several progressive amendments to Federal Law No 3 of 1987 of the Penal Code “The Amendment”, which will have a significant impact on the personal and family lives of expats and UAE residents. One of the biggest changes… Continue reading Alcohol and Trademarks Practice in UAE...