Insight Category: Regulatory & Legal Updates
After 100 days in effect, people and companies alike seem to be coming to terms with the payment of Value Added Tax (“VAT”). There is one area though where there still seems to be some confusion and that is with Tax Invoices issued by retailers which are more commonly known as “Till Slips”. John Peacock… Continue reading VAT: Till Slips and TRNS...
With the increasing use of social media, employers need policies which provide guidelines and recommendations for their employees when using it. Munir Suboh discusses the recent developments of UAE’s National Media Council and the recent decision it issued, which aim to provide governance measures on: online advertisements, product placement, and commercial activities posted on social… Continue reading Social Media Policies...
Overview The general principles, which govern the maintenance obligations of a landlord and tenant in the UAE, are set out in Federal Law No. 5/1985 referring to the Civil Code, and further amplified in the laws of the individual Emirates. The general principles are further amplified (concretised) in the tenancy contract signed by the landlord… Continue reading UAE Leasing Property and Maintenance Responsibilities...
The Saudi Arabian Bankruptcy Law complies with the best international practices and gives Saudi Arabia a legal infrastructure to deal efficiently with companies that get into financial difficulties, paving the way to achieving financial stability while simultaneously benefiting both creditors and debtors. The article discusses preventative settlement, financial reorganization and restructuring, liquidation process, as well… Continue reading Commentary on the Saudi Arabian Bankruptcy Law...
In 2014 Oman promulgated, by Royal Decree No. 66/2014, the new Consumer Protection Law setting out the general requirements for consumer protection and aiming to combat monopolistic behavior towards consumers. Furthermore, in March 2017 the Public Authority for Consumer Protection (hereinafter, the “PACP”) issued Decision No. 77/2017 (hereinafter, the “Regulation”) aimed to supplement the above… Continue reading Omani Consumer Law: 5 things you might not know...
Abdullah Ishnaneh, Partner in our Litigation department contributes to The Legal 500 & The In-House Lawyer comparative legal guide , which is country specific Q&A, providing an overview of litigation in UAE. The guide covers methods of resolving disputes, details of the process and the proceedings, the court and their jurisdiction, costs and appeals and… Continue reading Comparative Legal Guide on UAE Litigation...
The main goal of any wealth management and succession planning is to preserve the family legacy and family owned and operated businesses. The regulatory framework of succession planning in the UAE includes both civil and Islamic law principles. However, as the DIFC has its own independent jurisdiction within the UAE, it is also empowered to… Continue reading Trusts & Firm Foundation...