Asia’s Giant Free-Trade Agreement Enters into Force
January 1, 2021 saw the ushering in of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest multilateral trade agreement. The RCEP covers 15 states, including 10 ASEAN members, China, Japan, the Republic of Korea, Australia, and New Zealand. Their combined population is about 2.3 billion people, about 30 percent of the world total, with …
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Director’s Liabilities for Insolvent Trading Under the Companies Act 2016
The number of company insolvencies in Malaysia has turned substantial of late.1 When a company is on the brink of insolvency, directors ought to consider different stakeholders such as shareholders, creditors, and employees during the exercise of interest balancing. The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in …
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LEGAL NEWS ALERT: 2022 Updates on Real Property Gain Tax “RPGT”
What is RPGT? A capital gain tax imposed when a property is sold and the seller profits from the divestment. Applicable to everyone namely Malaysians, permanent residents, foreigners and companies. Administered by Inland Revenue Board of Malaysia (Lembaga Hasil Dalam Negeri). First announced in 1976
Learn more about theft in the UAE
The UAE Penal Code defines theft as taking of property belonging to a person other than the criminal and it shall be subject to the provisions of the UAE Penal Code.
What are the jail terms and penalties for abortion cases in the UAE?
Under the UAE laws, abortion is broadly regulated under two laws. These are the Federal Decree Law 31 of 2021 On the Issuance of Crimes and Penalties Law (UAE Penal Code) and the Federal Decree Law No. 4 of 2016 On Medical Liability (Medical Liability Law).
All You Need to Know on Child Protection Law in the UAE
The child protection law in the United Arab Emirates is the Federal Law No 3 of 2016, also called the Wadeema’s Law. The Wadeema’s Law protects the overall rights of the child, including his fundamental rights of life, security and care, family rights, health rights, social rights, cultural and education rights.
CHOOSING THE RIGHT MEDIATOR IN CONTRACTUAL DISPUTES
An emerging branch of the legal profession, Alternate Dispute Resolution has witnessed significant progress over the past few years. It is being used in almost all kinds of disputes, and has been developed into codified laws in a number of countries, including the UAE. As a centre of commercial growth, ADR in the UAE is …
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How are Cases Brought into the Juvenile Justice System?
One of the main goals which the UAE strives to achieve is the protection and taking care of the juveniles.
Arab Health 2023 – Should Medico Legal Issues be on the Agenda?
At the end of this month, the medical world is about to descend upon our fair city for the 2023 edition of Arab Health. Impressive statistics underscore the importance of this event and announces in the post-Covid Era that the Big Event is back- bolder and bigger than before. 3,000 Exhibitors from 70 Countries. Over …
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The elusive clarity on taxation of deferred consideration under the Indian Income Tax Act
Background M&A transactions oftentimes adopt a ‘deferred consideration’ mechanism, to fulfil the purchase consideration payable on such transactions. Deferred consideration refers to consideration, which is/ will be payable in the future, rather than at the time of disposal of an asset, depending on the fulfilment of conditions agreed upon between the buyer and seller. These …