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Lack of Electricity: A “Force Majeure” to Stop the Project?

The fact that a government authority has refrained from supplying electricity to a project under construction, doesn’t constitute an event of “Force Majeure” for exempting the developer from their contractual obligations, as long as the authority’s action is not the direct cause for delaying the completion of the project. Facts On or about 2007, a […]

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The UAE will Liberalize Domestic Gasoline and Diesel Prices from August 1

The UAE will liberalise domestic gasoline and diesel prices from August 1, the energy ministry said in a statement carried by state news agency WAM on Wednesday, 22 July 2015. Domestic fuel prices are currently among the lowest in the world because of heavy state subsidies. Allowing prices to move more freely would reduce pressure

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