An Overview of Marriage, Divorce, and Inheritance laws for Non-Muslims in the UAE
The introduction of a new personal status law for the non-Muslims is a landmark decision on part of the UAE government. To be enforced from February 1st, 2023, the Federal Decree-Law No. 41 of 2022 on Civil Personal Status brings with itself numerous changes in terms of marriage, divorce, custody, inheritance etc.
Inheritance Law in the UAE: Procedures and it’s Implementation
When a person dies intestate, it becomes very difficult for those left behind to gain access of his estate since they cannot be dealt with or transferred without court orders. This results in immense financial problems and unreasonable delays. Therefore, it is advised that a person should execute a will in his lifetime so that …
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WHAT CONSTITUTES CONTEMPT OF COURT IN UAE FAMILY LAW?
The following article discusses the concept of contempt of court in relation to family law of the UAE.
Why an insolvent company shall hire a lawyer?
According to Romanian Law no. 85/2014, insolvency is a process by which a company does not have the payment means to pay certain, liquid and exigible debts in Romania. This situation can be solved by involving all creditors in the process and by carrying out the procedures provided by the law. Therefore, the company may go through …
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When a bidder can be excluded from a public tender procedure in Romania?
Public procurement procedure is the acquisition of works, supplies or services by means of a public procurement agreement in Romania that is concluded between one or more contracting authorities and one or more economic operators, regardless of whether the works, supplies or services aim to achieve a public interest or not. Any economic operator has …
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User Protection and Regulation of Unfair Trade in the Digital Asset Industry
The following bills, which are designed for user protection and fair trade in the digital asset industry, were proposed at the National Assembly in October and November 2022 (the “Bills”): (i) the “Proposed Act on the Restoration of Fairness in the Digital Asset Market and the Creation of Safe Trading Environment” and (ii) the “Proposed …
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Financial Authorities Move to Strengthen Regulation of Corporate Restructuring
As companies have recently been seeking various business activities to restructure their corporate governance and business structures, there is a growing interest in the protection of shareholders and investors. As a result, legal procedures related to corporate management and regulations on related disclosures have been strengthened.
SAPA Indictments and Their Implications
Since the Prosecutors’ Office (the “PO”) issued its first indictment for a violation of the Serious Accidents Punishment Act (the “SAPA”) on June 27, 2022, it has issued indictments on three separate cases on October 19 and November 3, 2022.
VARA issues specialised regulations for Virtual Assets
The Dubai Virtual Assets Regulatory Authority (“VARA”), the regulator in charge for supervising the virtual assets (“VA”) law, has released the most awaited Virtual Assets and Related Activities Regulations 2023 on 7th February, 2023 (“VA Regulations”). In order to accelerate the development of a fully global digital economy, VARA was established under the Law No. …
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Navigating Regulatory Landscapes for Tokenized Assets in the UAE: Best Practices and Emerging Trends
Tokenized assets, more commonly known as digital securities or security tokens, have become increasingly popular as a means of raising capital and providing investment opportunities. They are digital representations of real-world assets, such as stocks, bonds, real estate, and commodities, that are recorded on a blockchain. The tokenization process allows for the creation of fractional …