Foreign Direct Investment under the UAE Federal Commercial Companies Law Amendment
Background: There is no doubt that the United Arab Emirates (“UAE”) has been one (1) of the most important investment centers and a venue for all the investors around the world. In 2018, the UAE was ranked the 1st Arabian country with respect to the ability of Foreign Direct Investments (“FDI”), and acquired 33.3% of the total …
Foreign Direct Investment under the UAE Federal Commercial Companies Law Amendment
Background: There is no doubt that the United Arab Emirates (“UAE”) has been one (1) of the most important investment centers and a venue for all the investors around the world. In 2018, the UAE was ranked the 1st Arabian country with respect to the ability of Foreign Direct Investments (“FDI”), and acquired 33.3% of the total …
Regulation on Processing and Privacy of Personal Data in Electronic Communications Sector
The Regulation on Processing and Privacy of Personal Data in Electronic Communications Sector (“Regulation”) has been published on the Official Gazette of December 4, 2020.
Relaxations in minimum public shareholding
By: Dipti Lavya Swain, Partner & Shruti Sundararajan, Associate SEBI issued a circular dated May 14, 2020 (2020 Circular) granting relaxation to listed companies from the applicability of 2017 Circular that required recognized stock exchanges to review compliance of listed entities with Minimum Public Shareholding (MPS) requirements and introduced inter alia the procedure to be …
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The Law Protecting Consumers in UAE
The availability of the web is expanding quickly these days, permitting the decision of a huge number of online international consumer agreements. Most national enactments took care of customer assurance and web contracts locally, as various countries have their own laws and guidelines in such manner. Be that as it may, there is no security …
Dubai International Financial Centre (DIFC) Data Protection Law 2020
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE has enacted the new Dubai International Financial Centre (DIFC) Data Protection Law, which comes into force from July 1, 2020. Our Senior Associate, Dr. M.L. VODA talks about the new regulation which includes general fines for serious breaches of …
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Fujairah Opens for Crew Changes
Port of Fujairah is opening for crew changes. This article talks about everything you need to know about the responsibilities, the registered agents should undertake and declare.
Financial Leasing Law
UAE Federal Law No. 8 of 2018 on Financial Leasing (the “Law”) came into effect on 1 January 2019, with the aim of regulating the provision of leasing activities in the UAE.
FAQ – COVID’19 and Shipping Industry
The World Trade Organization has projected that “world trade is expected to fall by between 13% and 32% in 2020” due to the COVID-19 pandemic, as it has increased globally causing massive disruptions on the economic activity of international markets, including individuals’ lifestyles. One of the major industries shaken by this calamity is the global …
Nature of Disputes in Construction industry- An overview
Construction industry is today fast paced, complex and involve multiple parties thereby creating numerous issues from which dispute arises. Some of the contentious issues are as follows: The right to suspend works: Under FIDIC Red book, Sub Clause 40.1 & Sub Clause 69.4 determines this right. The issue is whether the party suspending the work …
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