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Legal Developments - Law Firm Thought Leadership by Al Banna Advocates & Legal Consultants

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Financial Leasing Law

Al Banna Advocates & Legal Consultants | July 9, 2020

UAE Federal Law No. 8 of 2018 on Financial Leasing (the “Law”) came into effect on 1 January 2019, with the aim of regulating the provision of leasing activities in the UAE.

Nature of Disputes in Construction industry- An overview

Al Banna Advocates & Legal Consultants | June 19, 2020

Construction industry is today fast paced, complex and involve multiple parties thereby creating numerous issues from which dispute arises. Some of the contentious issues are as follows: The right to suspend works: Under FIDIC Red book, Sub Clause 40.1 & Sub Clause 69.4 determines this right. The issue is whether the party suspending the work …

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Dubai International Financial Centre-The London Court of International Arbitration

Al Banna Advocates & Legal Consultants | June 4, 2020

The DIFC-LCIA administers arbitrations and mediations. It is a joint venture between the Dubai International Financial Centre (DIFC) Arbitration Institute (DAI), and the London Court of International Arbitration (LCIA).

DIFC Employment Law (DIFC Law 2/2019)

Al Banna Advocates & Legal Consultants | May 24, 2020

On and from August 28, 2019, DIFC will see the light of the new Employment law, which applies to employers and employees, including seconded, part-time and short-term employees. This new Law will certainly catapult DIFC to the most sophisticated common law jurisdiction both in UAE and outside. The new Law will replace the current DIFC …

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