Endofa could be stuck with million dollar claim in Dubai
A claim of close to USD 1 million against Endofa in Dubai is not likely to go away even though the bunker company is now closing its company in the desert state, says a local lawyer specialized in shipping. The claim stems from a failed oil transaction in Africa.
Executive Summary of EU GDPR: 10 Action Points for Compliance
The General Data Protection Regulation (GDPR) has been all over the news recently, and concerns all European Citizens whether based in Europe or not. As the GDPR day fast approaches this Friday, May 25th, all companies of all sizes will have to make sure they are ready for the new regulations. Personal data deserves …
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UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments
The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments. Our Associate, Sarra Alsamarrai summarized the examples of situations where the compensation payments may or may not give rise to a "supply" for a taxable purpose.
8 Essential Issues to Consider Before Signing your Sale and Purchase Agreement – Dubai Property La
In the Dubai real estate market, whether you are a buyer or a seller, navigating the whole process may seem like a daunting task. But a proper checklist can help you ensure a smooth entry into the property market. Our Associate, Sarra Alsamarrai in the below article, highlighted the top eight considerations purchasers need to …
UPDATE: New Foreign Direct Investments Law
The game-changing UAE investment law, which is expected to change nation's business landscape by attracting increased foreign direct investments, has come into effect. In the below article, our Associate Sarra Alsamarrai highlighted the main provisions of the FDI Law as it currently stands.
Update: Ministerial Decision for Part-Time Contract Workers in the UAE
Part-time jobs are still a subject of doubt for many UAE residents. Our Associate, Sarra Alsamarrai highlighted some of the key considerations of the Ministerial Resolution which allows part-time work in the UAE to be conducted without the approval of an employee’s sponsor. Click on the link below to read the full article.
Demystifying The Financial Regulatory Landscape In The UAE
Navigating the financial regulatory landscape of a country can be daunting. The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants black and white. Our Associate, Priyasha Corrie answered some of the most commonly asked questions of the financial regulatory system …
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The New Foreign Direct Investment Law
News on the new federal law on foreign direct investment in the UAE has many people asking: Does this mean I can now form a new company with majority foreign ownership? The answer is the same as previously, "No, not yet". Read more…
Government Surveillance – Watchful Protector or Immoral Spy?
European Court of Human Rights finds that UK government breached the right to privacy of virtually all UK citizens due to government mass surveillance systems which intercepted tremendous amounts of data via citizens’ communications.
Extension for Reduced Rate of Stamp Duty on the Transfer of a Family Business
Extension on the reduced rate of duty for family business transfers.