DIFFERENCES BETWEEN TAXATION OF EMPLOYMENT COMPENSATIONS MADE THROUGH MUTUAL RESCISSION AGREEMENTS AND THROUGH MEDIATION
Mutual Rescission/Termination (Ikale) of Employment Agreements Mutual rescission or mutual termination agreement is an agreement that terminates the labor contract based on the mutual consent of the parties (ikale). Mutual rescission/termination agreement is not regulated under any specific law and in principle could be established in line with the freedom of contract principle and therefore …
Selective aspects regarding cryptocurrency, blockchain technology and smart contracts
Given the fact that the number of virtual currency transactions, as well as digital wallet holders in Romania is constantly growing, we believe that a presentation of the topics related to virtual currency transactions, the blockchain technology and the conclusion of smart contracts would be helpful. Pavel, Mărgărit and Associates recommend contacting a specialized lawyer in cryptocurrency for legal representation in transactions involving virtual currency, as well as legal representation when …
How can we prevent cybercrimes in the banking sector?
The UAE has been at the forefront of taking decisive and proactive measures to curb the prevalence of cyber-attacks in the region. The strategy and success in combatting cybercrimes in the region lie in the adoption of more comprehensive and streamlined laws and regulations with stricter penalties.
What you need to know about corporate tax on business profits in the UAE starting June 1, 2023
The ministry of finance (MOF) of the United Arab Emirates has recently announced the introduction of a federal corporate tax in the UAE (the ‘UAE Corporate Tax’). ‘Corporate Tax’ can better be understood as a form of direct tax levied on the net income or profit of a corporation or business entity. It is commonly …
What are the punishments for minors caught drinking alcohol and illegal selling of alcohol in the UAE?
Before the new changes that were effected by the Federal Decree By Law No. 15 of 2020, it was illegal to consume alcohol without a valid permit. The permits were issued by the respective authorities in each emirate and were subject to the provisions of the law on alcoholic beverage control issued in 1972. Thus, …
How to file a case for slander, and what are my legal options?
‘Slander’ and ‘Libel’ are said to occur when someone makes a false statement about you and which potentially damages your reputation. Let us first understand the difference between ‘Libel’ and ‘Slander’. Both are concerned with instances of defamation, however, from a legal point of view, they are very distinct. Though, both Libel and slander constitute …
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What are the new updates for family court proceedings in the UAE?
Many groundbreaking legal changes have been introduced in the UAE in recent months. The new changes have been nothing short of revolutionary in terms of modernizing the existing rules and building a more flexible and expat-friendly environment. The decision to amend many of the strict Islamic laws and to modernize several elements of the family …
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What are the regulations of healthcare professionals in the UAE?
The United Arab Emirates is a confederation of seven emirates namely Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Umm al-Quwain and Ras al-Khaimah. At the federal level the Federal Ministry of Health and Prevention (MOHAP) is responsible for the implementation of the federal government policies in healthcare and works in close collaboration with all health authorities at …
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What are the new laws for carrying sharp tools in the country?
The United Arab Emirates has recently introduced changes to its criminal law that now ban carrying of sharp objects or tools. Further, if the said tools or objects are being used in a crime, then the penalty applicable would be double in nature, i.e. the offender will receive a separate penalty for the crime in …
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How can business law help in forming contracts?
The UAE has issued many critical changes in recent years in furtherance of its aim to establish itself as the leading business hub in the region, one that promotes a business-friendly environment. Aligning to this goal, the UAE has recently introduced new amendments to the commercial company’s law ((Federal Law No. 2 of 2015 and …
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