The new employment law, namely, the DIFC Law No. 2 of 2019, came into force on 28 August 2019, replacing the DIFC Law No. 4 of 2005, as amended by DIFC Law No.3 of 2012 to be the current applicable law. In an effort to accommodate the varied employment arrangements in the DIFC, the newly […]
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The United Arab Emirates is a fascinatingly inspirational young nation that has accomplished remarkable success in a short span of 48 years. UAE is also one of the safest countries with the lowest rate of crimes in the world. In line with UAE’s vision to become one of the safest places in the world, the
Introduction to the UAE’S Court System Read More »
The UAE Cabinet recently approved Decree-Law No. (19) of 2019 on the Insolvency of Natural Persons concerning natural person’s inability to pay debts due to insolvency and debt default. This new law is aimed at enhancing the competitiveness of the UAE, ease of doing business and at facilitating more favorable conditions for individuals facing financial
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Long-term Residence Visas The UAE has launched long-term residence visa programs that aim to attract international talent into the UAE, such as entrepreneurs, investors, scientists and special talents. Availing these long-term residence visas can be described below: 10-year UAE residence visa According to the General Directorate of Residency and Foreigners Affairs, foreign investors may obtain
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Due to the inability of some individuals to own properties or movables of high value that exceed their financial limits, the federal legislators were led to issue a law on Financial Leasing. This law aims to make individuals of limited income invest in immovables and movables in long-term installments. These individuals are entitled to own
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“But I did not know!”; “That can’t be!”; “It’s totally unacceptable!” These may just be a few of exclamations that people utter when they are apprehended while transiting, visiting or moving to a new country. As in most jurisdictions, “Ignorance of the law excuses no one.” Therefore, it is highly advisable to get acquainted with
“Ignorantia Legis Neminem Excusat” Read More »
يدخل القانون رقم 9 لسنة 2019 بشأن الاعسار حيز التنفيذ بداية من يناير 2020 وهي سنة الرهان الاقتصادي والمجتمعي على التطور والتطلع الى دولة أكثر سعادة واستقرار فما هو دور قانون الاعسار في هذ السياق؟ على خلاف القانون الاتحادي المتعلق بالإفلاس، يشمل قانون الاعسار المدنيين من غير التجار ممن حالت الصعوبات المالية دون سداد ديونهم
قانون الاعسار، الأهداف والاليات Read More »
The way in which Islamic banks (the “Banks”) foreclose on properties they finance due to a default of the customer depends on whether the Banks either: a) register the properties in the names of their customers and mortgage them in favour of the Banks, or b) register the properties under the names of the Banks.
Foreclosure and Legislative Challenges for Islamic Banks Read More »
In the UAE, a country which continues to be a strategic hub with a rapidly growing economy, writing cheques is one of the common forms of payment; whether you’re buying a car, paying rent or any form of purchases and individual transactions, cheques are commonly used as a form of security. The below outlines important
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Our latest insight from Reda Hegazy. A Job Offer Letter: It is the intention of an employer to appoint a prospective employee under the conditions and features that are outlined in a job offer. This offer is generally prepared in writing in order to prove its content easily, and it may include terms of contract and
Is job offer letter legally binding on the employee and the employer? Read More »
The UAE Federal Law No. (37) of 1992 on Trademarks defines “well-known” trademark as trademarks that pass borders of the origin country of the trademark to other countries. These may not be registered unless upon a request or official authorization from the original owner. To determine that a trademark is well-known, familiarity with such trademark
Well-Known Trademarks, Standards & Protection Read More »
Parallel importation is genuine product importation from another country without the permission of the intellectual property owner. Parallel import is based on the idea of consuming the intellectual property rights. When a product is first sold on the market territory, parallel importation is authorized to all residents in that state. Some countries allow it, but
Parallel Import in light of UAE Commercial Agencies Law Read More »
Alsuwaidi & Company’s Head of the Maritime Department, Mr. Abdelhak Attallah, participated in the discussion on “London’s Competitiveness as a Shipping Cluster” on 9 September 2019 at the 2019 edition of London International Shipping Week (LISW). At the said event, Maritime London, the Department for Transport (DfT), and the City of London Corporation formally launched
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The United Arab Emirates (UAE) is one of the fastest-growing countries in the field of construction and real estate development. Among the seven emirates in UAE, the Emirate of Dubai is one of the leading contributors in the speedy growth of construction and real estate development through the issuance of comprehensive real estate legislations as
The United Arab Emirates officially announced changes in the official fees for services offered by the Ministry of Economy. As regards to intellectual property fees, the following reductions were made: – Trademark registration fees were reduced from AED 10,000 to AED 6,700. No changes to filing and publication fees. – Trademark renewal fees were reduced
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The United Arab Emirates Cabinet passed a landmark decision last year to allow 100% foreign ownership of companies onshore and have recently announced the industry sectors that are eligible. This marks a significant change from the prior law where foreigners must seek a local partner to set up business in the UAE, onshore and where
Eligible Sectors for 100% Foreign Ownership in the UAE Now Defined Read More »
General rule There is a general rule in most countries worldwide that states one must use their registered Trademark, or it may be subject to a potential cancellation by a competitor. The concept is known as ‘non-use’. In the UAE, use of a trademark is not required for registration or renewal. However, a trademark is
UAE has established itself as an economic hub in the MENA Region. Investors are presented with numerous options on how to enter the UAE market. Some establish their own companies while others opt to enjoy the market reputation, existing processes, and manpower of established companies in the UAE through mergers or acquisitions. Due diligence investigation
Legal Due Diligence: Understanding How a Company Fares Read More »
Islam has legitimized the arbitration method in order to simplify the process of litigation. Islamic jurisprudence has given the subject of arbitration utmost attention and organized a well-established rules and regulations. The advantages of arbitration lie in streamlining its procedures, confidentiality of its hearings, and legal basis in particular if those in charge are recognized
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إن الإسلام شرع وسيلة التحكيم لتسهيل عملية التقاضي واختصارها وقد أولى الفقه الإسلامي موضوع التحكيم عناية قصوى، فنظمه تنظيماً جيداً ووضع له ضوابط وقواعد. وتكمن مزايا التحكيم في قلة كلفته وتبسيط إجراءاته وسرعته، وسرية جلساته، واتساع أسسه، خصوصا إذا كان القائمون به مشهوداً لهم بالكفاءة والمهارة والاستقلالية والخبرة والاستقامة والنزاهة والحكمة ولم يخرج تعريف التحكيم
مشروعية التحكيم كوسيلة لفض المنازعات Read More »
The Dubai Land Department (DLD) has circulated a new investor protection law which aims to protect the rights of property investors in Dubai. A move well welcomed by the emirates industry professionals and legal experts and expected to restore confidence in Dubai real estate sector. The coming law aims to improve the clarity and fairness
“Tanweer” The awaited Real Estate Investor Protection Law Read More »
Dubai liquidates Cancelled Real Estate Projects By a decree issued last July 2013 by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, a special legal committee will be set up in order to liquidate canceled real estate projects in Dubai. The mission of the
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