Insight Category: Regulatory & Legal Updates
Starting your own business is one of the most exciting decisions you can take. But it is imperative to follow fundamental rules and keep certain key considerations in mind to avoid facing financial issues that may lead to bankruptcy. Here are five factors to keep in mind when managing your finances as a startup: 1.… Continue reading Money Matters...
UAE Companies – How Your Business May Be Affected If you are operating an onshore or offshore entity in a “no or only nominal tax jurisdiction” (referred to hereinafter as a “noon”), which amongst others, holds shares or licenses intellectual property and receives operational income from other jurisdictions this article should be important to you… Continue reading Economic Substance Rules...
In a construction dispute between the subcontractor and the main contractor, the chairman of a tribunal was challenged for failing to allow equal opportunities to the parties in presenting their case, whilst issuing various procedural directions purportedly on behalf of the tribunal. The relevant arbitration authority reviewing the challenge, rejected the reasons argued therein but… Continue reading Challenging a Tribunal Member in an Arbitration...
UNITED ARAB EMIRATES Authors: Michael Kortbawi and Adam Tighe I INTRODUCTION i. Legal framework Article 383 of Federal Law No. 5 of 1985 on the Civil Transactions Law of the United Arab Emirates (the Civil Code) states: (1) if that which is required of an obligor is . . . the exercise of care in… Continue reading Professional Negligence Law Review: UAE Chapter 2019...
Overview 1.1 Describe your jurisdiction’s sanctions regime The United Arab Emirates (“UAE”) has a complex sanctions regime based on a variety of sources. Sanctions are based on diverse interests, including political, economic and national security interests. Due to the rapidly changing nature of such interests, sanctions are susceptible to significant and constant changes. Sanctions in… Continue reading UAE Chapter on Sanctions...
The necessity of obtaining Professional Liability Insurance (PL coverage) is a component of any prudent professional’s business plan. This article compares and contrasts the PL coverage landscape in the United States, that being representative of a prominent international jurisdiction, with that existing in the GCC, and how this affects the business planning of professionals in… Continue reading Comparison Between the UAE and USA Professional Negligence Law...
Intellectual Property Right Assignments Q&A: United Arab EmiratesKey aspects of intellectual property right assignments Definition of IP rights The common law tort of passing off is not recognised in the UAE, as it has a civil law system. However, it is possible to bring a civil trade mark lawsuit based on unregistered rights in certain… Continue reading Intellectual Property Right Assignments...