How Theft is Considered as Felony?
‘Theft’ under the UAE laws is governed pursuant to the provisions of the Federal Law No. 3 of 1987 promulgating the penal code and its amendments (‘UAE penal code’). Pursuant to articles 399 and 405 of the UAE penal code, the crime of theft is said to occur when intentional misappropriation of property happens with …
Learn More: Rental Contract Updates in the UAE
The tenancy laws in the emirate of Dubai are subject to the rules and regulations of the Real Estate Regulatory Agency (RERA), which constitutes the regulatory arm of the Dubai Land Department (DLD). Speaking of tenancy laws in the UAE, one would often come across tenancy terms such as ‘EJARI’. EJARI is an online program …
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Green Objects
As COP26 ends in Glasgow, there could be growing pressure on companies to review their objects and for joint ventures to review their goals. Malaysian regulators such as the Securities Commission and Bursa Malaysia are already thinking of setting higher standards of disclosures in relation to ESG and sustainability for listed companies.
Arbitration Agreement Survives Franchise Law Challenge
The Supreme Court recently issued a judgment upholding the validity of an arbitration agreement in an international franchise agreement,(1) notwithstanding the franchisee’s objection that the arbitration agreement violated mandatory provisions of Korean law intended to protect franchisees.
The main aspects of the Brazilian income tax reform proposal
Updates on Brazil’s potential income tax reform are brought by Finocchio and Ustra’s Tax Team.
A review of data protection legislation in the Caribbean
In 2019 at the World Economic Forum, Antonio Neri, CEO of Hewlett Packard said “Data is the new currency”. This analogy has become very popular because data is now considered one of the most valuable commodities.
Ukraine introduces special legal regime for IT companies
On 14 August 2021, the majority of provisions of Law of Ukraine “On Stimulating the Development of the Digital Economy in Ukraine” No. 1667-IX, (“Law”) came into force.
Simplified procedure for registration of rights to land plots under purchased real estate
Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine (Regarding the Unified Legal Fate of Land Plots and Real Estate Located on It)” No. 1174-IX, dated 2 February 2021 (“Law”), comes into force.
Thailand to Offer 10-Year Visas Targeting Wealthy Foreigners
The Cabinet of Thailand has recently planned significant changes regarding immigration policy and rules on foreign land ownership.
The Qatari Law of Combating Money Laundering and Terrorism Financing
Introduction: Money laundering encourages crime and corruption, which slows the economic growth in any economy, it is considered a disturbing issue especially in emerging financial markets. Since such markets consistently try to expand their economies and financial sectors, which makes them an attractive target for money laundering.