Newly incorporated companies often seek to open a bank account in the UAE. If the process might happen to be quite simple for free zone and onshore companies, the same cannot be said for offshore companies. UAE banks are becoming more and more reluctant to open bank accounts for offshore companies and the list of […]
Opening a Corporate Bank Account in the UAE for Offshore Companies Read More »
In the past, contractual dispute resolution provisions were commonly known as ‘midnight’ clauses because commercial lawyers only come to discuss them in the closing stages of contract negotiations. Nowadays, taking into account the complications which may arise from badly drafted arbitration clause, they are better referred to as the 8 o’clock in the morning clauses.
Midnight Arbitration Clause v. 8AM Arbitration Clause Read More »
The Reality: Honeymoon-Rough-Bold Despite all best efforts to maintain the “honeymoon” period, there will come time during the relationship where the franchisee and franchisor may not agree or see things differently; this is the “Rough” period… very likely, such period will evolve to a clear disagreement the “Bold” period which, if not managed properly, it
Resolving Franchising Disputes Read More »
Developers Rights of Termination During the boom years all construction projects were vigorously under development and there was an escalation of off-plan property prices. Law No (13) of 2008 was published with the view of introducing measures to discourage developers from terminating sale contracts in order to re-sell units at a higher price to new
Discussion on Developers Rights of Termination Read More »
It is comforting to know that a blind eye will no longer be turned to these horrific events taking place within the privacy of one’s home. The killing of Wadeema Al Sherawi has changed the UAE’s entire perspective on child abuse situations. The country took matters into their hands and exercised their authority when the
Highlights of the UAE Child Protection Law “Wadeema Law” Read More »
Q. What are the laws which govern the relationship between landlords and tenants in the Emirate of Dubai? A. (1) Law No. 26 of 2007 regulating relationship between landlords and tenants in the Emirate of Dubai; (2) Law No. 33 of 2008 amending some provisions of Law No. 26 of 2007 regulating relationship between landlords
What Do you Need to Know Before Renting in Dubai Read More »
After finally selecting the desirable property, tenants are so excited about their new home and usually don’t pay enough attention at what they are signing with landlords. Inquiries and questions tenancy relationship are often raised at the time of renewing the tenancy contracts. The following is a brief guide on both landlords and tenants’ rights
Know your Tenancy Rights and Obligations Before Renting in Dubai Read More »
Background On July 23 2013, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, issued Decree No. (21) of 2013 concerning the formation of a special judicial committee titled as “committee for the liquidation of cancelled real estate projects in Dubai
Canceled Real Estate Projects in Dubai Read More »
Background On July 23 2013, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Ruler of Dubai, issued Decree No. (21) of 2013 concerning the formation of a special judicial committee titled as “committee for the liquidation of cancelled real estate projects in Dubai
Formation of Judicial Committee for the Liquidation of Canceled Real Estate Projects Read More »
In June of 1985, the United Nations Commission on International Trade Law (UNCITRAL) approved the Model Law on International Commercial Arbitration. Since the approval of the Model Law, international arbitration as a means of dispute resolution has become increasingly more acceptable in all regions of the world. Middle Eastern and Latin American states have abandoned
Local Court Intervention in International Arbitration Read More »
