The Hidden Costs of Tariff Wars: How Small Commodities and Global Trade Are Under Siege
Imagine furnishing your home with smart appliances, grinders, juicers, and homeware devices connected to your living rooms, bedrooms, or even smart fridge magnets.
Rehabilitation Process under DIFC Insolvency Law
The Dubai International Financial Centre (the “DIFC”) is a global financial hub that has positioned itself as a leading destination for financial services, international trade, and investment.
Valuation in Mergers and Acquisitions: Definition and Legal Perspective Payment Terms and Default Scenarios
Mergers and Acquisitions (M&A) involve the consolidation of companies or assets through various financial transactions, aiming mainly to enhance business growth, competitiveness, or market presence.
Understanding the New Competition Law in the UAE
Introduction: The UAE has introduced a new competition law and abrogated the old competition law, federal law No. 4 of 2012. The new federal decree law No. 36 of 2023 on the regulation of competition sets forth competition practices and measures against commercial monopolies. By introducing new rules and regulations, as well as penalties that …
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The 2025 E-Invoicing Rollout in the UAE
The UAE government has taken steps to move towards a fully digitized tax system by adopting E-Invoices. The E-invoicing process will be mandatory for all business to business (B2B) and business to government (B2G) transactions, regardless of the VAT registration status of the entities involved. E-Invoicing E-invoice means an electronic invoice that is generated in …
Cheque Bounce in 2025
Cheque In simple words, a cheque is an order to a bank to pay a particular sum of money from the account of the issuer of the cheque, written on a specifically printed form. The issuer of the cheque is called the drawer, while the person to whom the cheque is issued is the bearer. …
New Regulations on Driving License and Vehicle Registration
Obtaining a driver’s license is a rite of passage for every individual. It is a symbol of coming of age for teenagers and young adults, as well as the first significant step that one takes after moving to a new country. The driver’s license issued by the UAE government allows an individual to drive in …
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REGULATIONS ON VIRTUAL ASSETS TO COUNTER PROLIFERATION FINANCING AND PREVENT MONEY LAUNDERING
The advent and rise of cryptocurrency have been a disruptor to the traditional currency system. Even outside the virtual aspect of the currency, the concept is novel due to its accessibility and the level of anonymity available to its users and the swiftness with which a large amount of money can be transferred to any …
Preventive Settlement and Restructuring Procedures Under the UAE Bankruptcy Laws
Running a business involves taking risks in order to continue to scale new grounds. Sometimes, these risks may not be successful, leading to debts. Even without risks, debts may be incurred as a result of not being able to generate profits due to the changing market trends. Thus, loss in business and falling into debts …
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The New UAE Personal Status Law No. 41 of 2024: Enhancing Family Stability and Legal Flexibility
The United Arab Emirates (UAE) has introduced a new Federal Personal Status Law No. 41 of 2024, replacing the previous Law No. 41 of 2022.