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In the Middle East, a family business is not just a commercial venture but a legacy, often with family members holding majority ownership and steering day-to-day operations.

As the deadline 30.06.2016 for complying with the new regulations is approaching, we would like to inform you about specific impacts of the new United Arab Emirates' ("UAE") Commercial Companies Law on limited liability companies ("LLC").

There has been a noticeable uptick in sophisticated scam arrangements targeting corporates in the energy, infrastructure and broader commercial sectors, particularly in relation to purported financing...

Diversity isn't just a buzzword - it's a crucial aspect of any DEI strategy. As part of our IWD 2024 series, we're looking at how we can celebrate diversity here at Walkers...

On 15 March 2017 a significant new law, Law No 20 of 2016 Regarding the Pledge of Movables as Security for a Debt ("Pledge Law"), came into force in the United Arab Emirates (UAE).

The stability of a commercial enterprise in the Middle East rests upon the alignment of its internal stakeholders. When this alignment fractures, a shareholder dispute in the UAE typically manifests as a legal...

Tender and procurement are two processes that go hand in hand. You cannot have one without the other, and these processes are ones which occur in a multitude of countries and jurisdictions around the world.

Time is an unchanging constant throughout our world. Forever moving in one direction, pushing us all into the hazy future.

Over the last 18 months, the UAE overhauled its competition regime through a series of legislative changes.

The UAE is now on the cusp of a major shift in its merger regime with the recent issuance of the Ministerial Decree No. 3 of 2025 announcing the details of the turnover thresholds (the "Turnover Decision")...

The most common form of a business vehicle used by foreign investors, is an onshore limited liability company (LLC). LLCs provide for limited liability of their shareholders and the ability to trade in the UAE.

In Islamic Finance, the term wakala describes an agency or a delegated authority where a muwakkil (principal) appoints the wakil (agent) to carry out a specific job on behalf of the muwakkil.

Setting up a business in the United Arab Emirates (UAE) involves careful planning, here are some essential factors to keep in mind

Following the previous article entitled "Assignments in the United Arab Emirates" (published in the November issue of the Law Update) explaining the general conditions and requirements of a valid assignment in the UAE, this article oulines the prevailing jurisprudence with respect to assignment of rights in the UAE.

Mudaraba is a profit-sharing Islamic finance partnership arrangement. Under this structure, the Investor (the "Rab-al-Mal" or "Investor") invests assets into the partnership, while the Manager (the "Mudarib" or "Manager") receives and manages these assets.

The UAE Ministry of Economy and Tourism has introduced a new licensing framework requiring businesses that play music commercially to obtain annual licenses and pay fees starting December 2026. This system aligns the UAE with international copyright standards and affects a wide range of establishments from restaurants and hotels to radio stations and airlines, with fees structured based on venue type, size, and usage.

DIFC Arbitration Law (DIFC Law No. 1/2008), Article 41, requires a party applying to set aside an arbitration award made in DIFC to furnish proof of any ground on which the party relies.