Regulatory Authorities of UAE Economic Substance Regulations announced
Further to our previous inBrief dated 7 July 2019, which disucssed UAE Cabinet Resolution 31 of 2019 Concerning Economic Substance Regulations (the UAE Economic Substance Regulations or the Regulations), and inBrief dated 10 October 2019, which discussed the Guidance on UAE Economic Substance Regulations issued by the UAE Ministry of Finance, Cabinet Decision No. 58 …
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UAE Ministry of Finance Issues Guidance on Economic Substance Regulations
A previous inBrief dated 7 July 2019 discussed UAE Cabinet Resolution 31 of 2019 Concerning Economic Substance Regulations (the UAE Economic Substance Regulations or the Regulations).
Emirates Development Bank appointed to maintain Register of Finance Leases
Pursuant to UAE Federal Cabinet Resolution No. 56 of 2019, Emirates Development Bank has been appointed to maintain the register of finance lease contracts created pursuant to UAE Federal Law No. 8 of 2018 on Finance Lease (the Finance Lease Law or the Law).
Right of Set off under the UAE Civil Transaction Law No. 5 of 1985 and the view from the DIFC
In a 2018 judgment the DIFC, discussed and decided upon the concept of set-off under the UAE Civil Transaction Law No. 5 of 1985 (the “Civil Code”).
Do Fidic Rule Apply In Construction Contracts In Uae?
Since a very long time, FIDIC (The International Federation of Consulting Engineers) is commonly used a standard for international construction and engineering contracts and is very frequently used in UAE. It mainly governs the construction works within the country and in GCC.
How can you obtain long-term residence visa in UAE?
Legal Consultants in Dubai have shed some light on the recent update or regulation passed by the UAE Cabinet which will be implemented on 03 February 2019 allowing residents to obtain long term visa.
What are your legal rights under sexual harassment?
In spite of being illicit for the greater part of a century, inappropriate behaviour or sexual harassment remains today the unavoidable type of violence against women, regularly incorporating different categories of brutality in its ambit.
SPORTING THE LAW | The UAE PERSPECTIVE
Developing transparent and sustainable regulatory structures that conform to global measures: International sporting events have undergone tremendous metamorphosis over the past few decades, and today they generate large amounts of revenue throughout the world. Europe, Africa and Middle East account for the second largest sports market in the world whilst sponsorship being one of the …
Uae And South Africa Extradition Treaty
You can run, but you cannot hide, on this note the government of United Arab Emirates and South African government signed an extradition treaty and mutual legal collaboration in criminal matters in late 2018. The treaty will enable the countries to help each other in criminal investigation and prosecution of crimes through mutual collaboration and extradition of accused hiding in …
How to terminate construction contracts?
Amid the construction contract, things may turn out badly. Contractual relationship may come to an end; the trust may vanish and, in the troublesome financial atmosphere, organizations or people can be declared bankrupt. Thus, the clause allowing either or both the parties to rescind a construction contract should be considered prior to signing the agreement.