What You Need To Know About Insurance Litigation Proceedings In The United Arab Emirates?
Insurance in the United Arab Emirates is governed broadly by Federal Law No. 6/2007 On the Regulation of Insurance Operations (UAE Insurance Law), along with various other regulations, resolutions, and decisions issued by the Insurance Authority Board from time to time.
What is Infanticide in the UAE Law and its punishment in the UAE?
In common language, infanticide means killing or murdering a very young child, who is less than 1 year old. In the United Arab Emirates, while there is no specific law on infanticide, Wadeema’s Law provides protection to children the UAE.
Unconstitutionality of Section 3(2) of the Benami Transactions (Prohibition) Act 1988
It is a well settled principle of law that any enactment which substantially affects the rights of people cannot be applied retrospectively. This was upheld by the Hon’ble Supreme Court in the case of Union of India v. Ganpati Dealcom Pvt. Ltd., CIVIL APPEAL No. 5783 of 2022, decided on 23.08.2022, wherein it was declared that Section 3(2) and Section …
Sports Betting and E-sports in Japan
In recent years the worldwide global sports betting market has demonstrated rapid growth year on year and shows no sign of slowing down. For example, the total amount of sports betting in the United States in 2021 was estimated to have been USD 57.22 billion, an increase of approximately 164% from the previous year’s total …
Court-supervised Reorganization and Bankruptcy
The Law on court-supervised reorganization and Bankruptcy (Law 11,101/2005) was created in 2005 and underwent some changes in 2020. The sanction of Law 14,112 brought some news to creditors and debtors on matters regarding: mediation, stay of proceedings, provisional asset protection, reorganization plan presented by creditors, financing for debtors undergoing reorganization, fresh start, individual rural …
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THE NEW DIGITAL LENDING REGULATIONS-DECODING THE WAY FORWARD
The Reserve Bank of India (“RBI”) which regulates inter alia credit systems and markets in India has been considering the regulatory ecosystem around ‘digital lending [1]’ (“Digital Lending”) for some time now. It had constituted a Working Group on ‘digital lending including lending through online platforms and mobile apps’ led by one of its executive …
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Arbitration and Commercial Courts: A Jurisdictional Conflict – Part II
1. Introduction: The Commercial Courts Act, 2015 (“the CC Act”) has been enacted with the primary goal to expedite the resolution of commercial disputes in a time bound manner and with minimal interference of the higher courts. The Act also grants jurisdiction to the Commercial Court over arbitration matters of a commercial nature. While is …
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FOURTH SCHEDULE TO ARBITRATION ACT: SUPREME COURT TO SETTLE THE CONUNDRUM IN ESSE
Alternative Dispute Resolution mechanism (commonly known as ADR mechanism”) has prevailed in India since its medieval period. While the panchayat system i.e., a form of ADR mechanism, was predominant in the country for being cheap and easily accessible with liberal procedural laws, the hierarchy of court system propounded by the Britishers has changed the landscape …
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JFTC merger review to increase reliance on 4c/4d-style internal documents
On June 22, 2022, the Japanese Fair Trade Commission (the “JFTC”) published a document entitled “The Fair Trade Commission’s Practices Regarding the Submission of Internal Documents in Business Combination Reviews” (the “Guidelines”). The Guidelines signal a shift from the JFTC’s past practice in merger reviews in that, going forward, the JFTC may be more likely …
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Competition Amendment Bill, 2022: Key Changes to the Competition Act, 2002
On August 5, 2022, the Competition (Amendment) Bill, 2022 (the “Bill”), to amend the Competition Act, 2002 (the “Competition Act”), was introduced in the Indian Parliament. The timing of approval of the Bill, and its coming into effect, is uncertain at present.