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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by Al Rowaad Advocates & Legal Consultants

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An Introduction to Corporate Guarantee

August 2017 - Finance. Legal Developments by Al Rowaad Advocates & Legal Consultants.

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In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.

An Introduction to Personal Guarantee

August 2017 - Finance. Legal Developments by Al Rowaad Advocates & Legal Consultants.

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The economic boom in UAE has resulted in huge developments and a considerable increase in trade. This in turn has led to a rise in transactions which require a fast debt recovery mechanism. According to common practice in the UAE, the most secure and quickest method is the post-dated -  and in some cases undated â€“ cheque. This is often requested by creditors (financial institutions) and sellers, mostly in real estate transactions and trade. The rationale is mostly economic to individuals who are issuing the cheque, and how does personal guarantee play a role? In this Article, we attempt to analyze and overview UAE laws on Personal guarantee.

The Rules and Procedures Followed Before the Criminal Courts under the UAE Criminal Procedure Law

July 2017 - Crime. Legal Developments by Al Rowaad Advocates & Legal Consultants.

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After having explained the procedures of transferring cases to the criminal courts, in this part we will describe the procedures following the transfer and the rules to be followed before the criminal judge in the hearings.

Arresting Orders Under The Uae Criminal Procedure Law

July 2017 - Crime. Legal Developments by Al Rowaad Advocates & Legal Consultants.

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It has been noticed that many of our colleagues based abroad are contacting us here in the UAE for their clients who were unfortunately arrested at one of the Airports in the UAE for some criminal charges. Their query usually relates to what the expected procedures are. 

Al Rowaad is Available Around the Clock 24/7

July 2017 - Employment. Legal Developments by Al Rowaad Advocates & Legal Consultants.

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Al Rowaad Advocates is also pleased to announce it is now even easier to access our team of legal experts in Abu Dhabi and Dubai at any time. We understand that legal emergencies can happen at any moment, so we have created two round-the-clock services through which you can reach us. 

Dubai Court Rejects Extradition Request for 'Wanted' Russian Woman

June 2017 - Crime. Legal Developments by Al Rowaad Advocates & Legal Consultants.

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A Russian woman, wanted for fraud in her country, will not be extradited after Dubai Courts rejected the request.