Voting Rights: The new arsenal for Lenders
In India, it is a common practice for the promoters/directors of a company to pledge their securities to secure the loans raised by such companies. Rights in relation to the pledged securities, including right to exercise voting rights over the shares, transfer the share downstream or constitute a nominee, have always been a bone of …
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Explained: What to do if your bank account has been scammed in the UAE?
Online fraud is increasing day by day, with bank accounts also being scammed in the UAE. Many times, you may get a call purportedly from a bank asking for your personal details, or your account number. It is important to beware of scam calls, or messages which request for your OTP.
What is the Difference between a Bribe and Blackmailing?
Bribe and blackmail are two different concepts under criminal law. Bribe is generally understood to mean offering a gift or a benefit to another person who is in a position of power or who holds a public office, in exchange for a favor which may not be in line with his duties. On the other …
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What Are The Key Takeaways from The New Laws Governing Family Matters for Non-Muslims in the UAE?
Latest Update: The UAE has Issued a Civil Personal Status Law for non-Muslims at the Federal Level. The New Federal Law comes after the effective application of a non-Muslims Personal Status Law existing in Abu Dhabi.
What is the Legislative Framework for Insolvency in the United Arab Emirates?
The legislative framework for insolvency and bankruptcy in the United Arab Emirates is codified under the two following laws.
Consequences For Illicit Drug Offenders in the UAE
The UAE issued a new law on narcotics and psychotropic substances. This law is called the Federal Decree-Law No. 30 of 2021 On Narcotics and Psychotropic Substances (‘Narcotics Law’). The Narcotics Law repealed and abrogated the Federal Law No. 14 of 1995, which was the previous governing law on narcotics and psychotropic drugs in the …
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What you need to know about guardianship in the UAE?
The personal status matters in the UAE are regulated by the Federal Law No. 28 of 2005 (UAE Personal Status Law), as amended and Federal Law No. 5 of 1985 on Civil Transactions Law, as amended. Additionally, Emirates of Abu Dhabi has issued a new law called the Abu Dhabi Law No. 14 of 2021, …
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FTX fiasco and the need for a crypto regulatory framework
The world of crypto has been wracked with one piece of bad news after another ever since the global economic downturn influenced by the Russia-Ukraine war. The newest fiasco which has now led to a near wipeout of the market values of major cryptocurrencies such as bitcoin was the fall of FTX, one of the …
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Why should one consider making a Will?
Everyone at some point of time becomes anxious about what will happen to his belongings after his death and wants to ensure that the life he has lived has been worthwhile. The outbreak of Covid-19 pandemic has already provided everyone enough reasons to be prepared for any uncertain event. Life and death are uncertain and …
Spain to launch a Digital Nomad Visa in January 2023
Spain has always been a highly popular destination for British citizens relocating to Europe with many people owning residential property in mainland Spain and on its famous islands. One of the major impacts arising in the aftermath of Brexit for Spain was the loss of Spanish-based British talent due to the restrictions introduced following the UK’s exit …
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