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Navigating the Legal Landscape: Understanding UAE’s Laws on Bank Loan Default

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In the dynamic economic environment of the United Arab Emirates (UAE), understanding the legalities of bank loan default is paramount for both lenders and borrowers. The UAE, known for its rapid development and business-friendly atmosphere, has continually evolved its legal system to ensure a robust and fair approach to financial transactions and enforcement of loan […]

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Dubai Real Estate Law Update: Eviction Notice transferred with the property sale.

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Historical Context: Eviction Notice Processes Historical Process: Originally, eviction notices were exclusively associated with the individual or entity that issued them. This legal framework necessitated that new property owners, upon acquiring a property with existing tenants, had to issue a fresh 12-month eviction notice, disregarding any notice previously served by the former owner. Consequences for

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Guardianship 101

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HISTORICAL REVIEW Notably, modern French and German civil codes have deeply interconnected guardianships with family considerations, prioritizing the appointment of relatives as guardians. This emphasis on familial ties seeks to ensure a strong support system for the individuals under guardianship. Across various European countries, public agencies have been established to administer guardianships, aiming to maintain

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Estate Planning 101: Securing Your Legacy and Protecting Your Loved Ones in the UAE

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Introduction to Estate Planning: A Necessity for All Initially devised to organize the transfer of assets upon death, it has become a critical process for individuals worldwide to secure their financial legacy. Contrary to the common misconception that estate planning is exclusive to the wealthy, it is, in fact, a valuable tool accessible to everyone.

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Evolution of UAE Insolvency Law: Addressing Economic Dynamics and Prioritizing Rehabilitation

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Need for Insolvency Law: In response to the swift economic growth and increased global business presence, the UAE identified the necessity to confront challenges faced by individuals in financial distress. Preceding the enactment of this law, instances such as bounced cheques and unmet financial obligations often triggered criminal prosecutions, posing formidable barriers for individuals seeking

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Federal Law No. 41 of 2022 – Civil Personal Status

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The law is based on Sharia (Islamic law), which significantly influenced the legal framework regarding governing marriage, divorce, custody, and inheritance within the country. This legal approach is reflective of the country’s cultural and religious heritage, ensuring that family matters were adjudicated in accordance with Islamic traditions and values. And remains the guiding law for

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Changes to the UAE Legislative Framework on the UBO Regulations – Addressing Complex Legal Structures and Regulations on Procedures

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Legislative Framework i. The UAE Cabinet Resolution No. 58 of 2020 replaced by ii. The UAE Cabinet Resolution No. 109 of 2023, which became effective on 16 November 2023, and iii. The UAE Cabinet Decision No. 132 of 2023, issued on 15 December 2023 The UAE’s implementation of Cabinet Resolution No. 109 of 2023 and

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New Competition Law – Federal Law No. 36 of 2023 to Address Jurisdiction and Scope of Application, Anti-competitive Conducts, Administrative and Financial Penalties

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This new statute, which supersedes the former Federal Law No. 4 of 2012, is designed to eradicate various limitations and practices deemed detrimental to a fair and competitive marketplace. Taking the step to updating its Competition Law enables the UAE to foster a dynamic, competitive, and fair marketplace, which is essential for its long-term economic

New Competition Law – Federal Law No. 36 of 2023 to Address Jurisdiction and Scope of Application, Anti-competitive Conducts, Administrative and Financial Penalties Read More »

The Grave Risks of Illegally Employing Domestic Workers in the UAE: A Stern Warning to Residents

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Introduction – Addressing a common yet legally ambiguous phenomenon Having a full-time person at home allows new mothers to return faster to their professional lives, boosts the family income and allows for quality time to be spent away from time consuming chores. This practice, while immensely beneficial to many households, frequently leads to complex issues

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