What do you need to know about the limitation period in the UAE?
Limitation period refers to the time period within which a claim has to be submitted before the rightful forum or court. When a claim is submitted before the limitation period closes, the same will be accepted by the courts, and in the case of the latter, it will be subject to further rules and, in …
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All You Need to Know About Litigation and Execution Procedures in The UAE
The United Arab Emirates comprises of the Seven Emirates: Dubai, Sharjah, Abu Dhabi, Fujairah, Ras Al Khaimah, Um al Quwain and Ajman. In addition, the UAE also has several Free Zone entities across its seven Emirates, and each free zone is designed around one or more business industry categories, and an independent Free Zone Authority …
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Powers of Pledgee, under Cyprus Law
Under Cyprus Law, a pledgee, in the event of default of the pledgor, may:
Enforcement of Pledges under Cyprus law over shares of a Cypriot Company
A pledgee, under a Cypriot law pledge, who has in its possession the so called the Self-Enforcement Documents (i.e. original certificate of pledged shares, original duly signed and undated instrument of transfer of shares, original duly signed written resignations of the directors/secretary of the company, whose shares have been pledged to the pledgee, undated certificate …
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Enforcement of pledge under Cyprus Law and the statutory obligation of pledgee, to give notice to pledgor, for its intention to sell the pledged shares
A pledgee, even if the pledge agreement provides that it can proceed to sell the pledged shares, without any prior notice to the pledgor, is obliged under Section 134 of Contract Law CAP. 149, to give to the pledgor, a reasonable written notice, about its intention to proceed to sell the pledged shares, thus giving …
CYPRUS: English guidance on the applicable legal principles for setting aside an arbitral Award for fraud
In the English case Stockman Interhold S.A. -v- Arricano Real Estate PLC (2017) EWHC 2909, the Court summarized the applicable legal principles for setting aside an arbitral award for fraud, as follows: The complainant, who seeks to the set aside an arbitral award for fraud, must demonstrate its case to a high standard of proof (see …
Cyprus: Alternative Investment Funds – An Overview
Types of available Alternative Investment Funds The available legal structures which can be used for Alternative Investment Funds (AIFs) established in Cyprus are the following: Registered Alternative Investment Funds (‘’RAIFs’’), in the form of Common Funds or Fixed/Variable Capital Investment Companies which are subject to the provisions of the Companies Law CAP. 113, or in …
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English guidance on the possibility of use of confidential documents disclosed in arbitration in support of other civil proceedings.
Confidentiality is one of the key characteristic and advantage of arbitration, which makes it so attractive to parties, as method of dispute resolution.
TURKEY: DIGITALIZATION IN TURKISH CORPORATE LAW PRACTICE
Authors: Gönenç Gürkaynak, Esq., Nazlı Nil Yukaruç, Selen Ermanlı Sakar and Nisa Aybüke Eroğlu, ELIG Gürkaynak Attorneys-at-Law
CCI’s investigation against debenture trustee’s unit of banks – A case of concurrent jurisdiction
The Competition Commission of India’s (CCI) recent investigation into the Trustee Association of India (TAI) and debenture trustee units of State Bank of India, Axis Bank and IDBI Bank for collusion in respect of charging high fees for issuing debt and due-diligence checks has raised jurisdictional conflicts over the sectoral regulator -SEBI, and the market …