News Alert: Economic Substance Requirements Guidance Issued
Introduction On 11 September 2019, the UAE issued Ministerial Decision No. 215 of 2019 on the Directives for the implementation of the Economic Substance Regulations (ESR). The ESR was earlier published in April 2019 as the Cabinet of Ministers Resolution No. 31 of 2019.
10 things to now about the new Incoterms 2020
Published since 1936, the International Chamber of Commerce (ICC) has published a set of three-letter trading terms for the use in sale and purchase contracts. These ‘Incoterms' deal withthe obligations of the buyer and seller and consists of 11 three- letter trading terms grouped as follows:
NON-COMPETE PROTECTION LAWS; PARTNERS & SHAREHOLDERS IN UAE
I. A deep-dive into UAE laws for business partners and shareholders.
Will Company Be Liable Is Manager Issue Personal Cheque to Debtors?
A manager of a company is considered as its face bearing an extensive range of responsibilities despite the commitments and obligations mentioned in the Companies Law of UAE. Yet, the law does not highlight personal obligations of loyalty and constancy.
When do I have to appoint property lawyer in Dubai?
The potential risk involved with giving you approval on legal assessment which gives you as an investor chance to decide to go with this deal or to go to another one.
No Restriction to Have Local Shareholder
The list of business activities is mainly for companies dealing in the business of manufacturing products, offering services or in the agricultural sector. Upon the promulgation of this list by UAE Cabinet, every Department of Economic Development (DED) in the relevant Emirate have been empowered with explicit discretion to ascertain the percentage of foreign ownership …
When do I have to appoint property lawyer in Dubai?
The potential risk involved with giving you approval on legal assessment which gives you as an investor chance to decide to go with this deal or to go to another one.
Learn About The New Insolvency Law of UAE
The Cabinet of UAE has lately sanctioned a federal law to explicitly govern the cases of bankrupt individuals within the country. The law has been issued to safeguard the business interest of UAE residents, enhancing conditions of insolvent individuals and to ensure healthy competition among businesses.
Can I Sue My Employer For Wrongful Termination?
On the off chance that you have recently been terminated from your employment with or without reasons and you might ponder whether your employer was within his rights to terminate you.
No refund of lawyer’s fees upon commencement of work
If there were no bad people, there would be no good lawyers, and a good lawyer always comes with certain fees.