Crypto scams – what are your legal defense and guide to avoid being scammed?
The concept of Cryptocurrency or digital currency has taken the world by storm. The most popular versions being the ‘Bitcoin’ and ‘Ethereum’. Even the people who do not understand the crypto fad are well-versed in ‘Bitcoin’ and its decade long bull run in valuation. The rise of ‘Bitcoin’ has been so significant that the term …
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Credit Card Fraud: How It Happens and How to Protect Yourself
The pandemic has led to increased crime risk all around the world and ‘credit card frauds’ constitute one of the most prevalent methods for swindling money. The UAE Covid-19 cybercrime survey 2020 by KPMG reveals that around eighty-three per cent of the UAE companies are seeing an increase in cybercrime attacks through phishing, email spams, …
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New Updates on how UAE combats cybercrime: Punishments and Penalties
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 lies in the adoption of more comprehensive and streamlined laws and regulations with stricter penalties. In this article, we would like to take …
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How to change local sponsor in Dubai?
Prior to the recent amendment of the Federal Law No.2 of 2015 and its amendments (‘UAE Commercial Companies Law’), it was a mandatory requirement for expats to have a local sponsor to be appointed in the company. Such local sponsors would also be holding 51% of the total shareholding of the company. The local sponsor …
Can a cheque bounce after it has been cleared?
A returned cheque can invite both civil and criminal liabilities on an individual pursuant to the UAE laws. Therefore, it is very important, that UAE residents are well aware of the responsibilities in financial transactions including the potential risks.
Considerations of the Patent Cooperation Treaty: Paraguayan path to its inclusion
The advantages of an international system to protect inventions are undeniable and the PCT has proved its efficency in the countries where it has been implemented. The PCT works with a number of 153 countries adhered: this leaves an interesting number of countries operating solely with national systems for the filing of patent applications. Among …
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UAE Arbitration Law and Public Policy In Relation To The Perspective of Arbitrability Example Of That Concept
The UAE regime governing arbitration was fundamentally altered in 2018. Prior to that date, arbitration was governed under Articles 203 to 218 of the UAE Civil Procedures Law (Book 2).
EVOLUTION OF ESPORTS – A TRANSACTIONAL VIEW
Introduction Owing to the dismal happenings around us caused by a pandemic, the year 2020 had horror in store for every sector, across industries and jurisdictions. The world stood still and suddenly, there was no sporting event to attend, no new movie release in a theatre next door, no live performance/s and no schools, and …
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Tax Alert – the Korean Ministry of Economy and Finance Announces 2022 Tax Amendment Proposals
On July 26, 2021, the Ministry of Economy and Finance announced the government’s tax amendment proposals for 2022 (the Proposals). The Proposals are intended to (i) encourage economic recovery from the COVID-19 pandemic, facilitate job creation and drive the growth of industry sectors that will boom in the post-COVID era; (ii) reduce the economic inequality …
Purchase Price Provisions in M&A Transactions
One of the most important areas of regulation in the acquisition of a company is the purchase price provisions. This is an extremely complex issue in which various aspects have to be considered. In addition, the opposing perspectives of buyer and seller have to be reconciled. In this respect, various basic models and approaches have …
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