On 17 October 2024, Alsuwaidi & Company being represented by Mr. Mohammed Alsuwaidi (Managing Partner), Mr. Suneer Kumar (Partner – Corporate and Commercial Practice Group) and Mrs. Vida Grace Serrano (Senior Associate – Corporate and Commercial Practice Group) along with Mr. Kazutaka Mori held an engaging seminar at Idemitsu Lube Middle East & Africa FZE […]
Alsuwaidi & Company Delivers Insightful Legal Seminar Read More »
As of August 31, 2024, crucial amendments to Article 54 of the UAE Labor Law will extend the statute of limitations for labor claims and alter the appeal process for disputes under AED 50,000. Discover how these changes will impact both employers and employees. Article 54 of the UAE Federal Decree-Law No. 33 of 2021
من يوم 31 أغسطس 2024 أصبحت الغرامة لا تقل عن (100,000) مئة ألف درهم ولا تزيد على (1,000,000) مليون درهم على استخدام العمال بالمخالفة لنصوص المرسوم بقانون تنظيم علاقات العمل، وذلك بالتوظيف الصوري والتخلي عن العامل واستخدام العامل بالمخالفة لتصاريح العمل، وغلق المنشأة دون تسوية مستحقات العمال وغيرها المخالفات المنصوص عليها بنص المادة (60) من
زيادة الغرامات على مخالفات تنظيم علاقات العمل بموجب المرسوم بقانون رقم (9) لسنة 2024 Read More »
New Decree Significantly Raises Penalties under UAE Labour Law Federal Decree Law No. (9) of 2024 (the “New Decree”) has introduced significant amendments to Article 60 of the Federal Decree Law No. (33) of 2021 on regulating labour relations (the “UAE Labor Law”). Under the previous Article 60 of the UAE Labour Law, the penalties
Effective 31 August 2024: Increased Fines for Violations of Labour Regulations Read More »
Mohamed Elmasry, an Associate of Alsuwaidi & Company, highlights this amendment’s significance for HR and legal practitioners. This correction underscores the importance of staying vigilant in regulatory compliance and ensures that all parties involved in HR management are aligned with the correct legal standards. Our team closely monitors such amendments to keep our clients informed and
Correction issued for typographical error in Dubai government human resources law Read More »
This article examines the rules and regulations regarding Dubai Decree No. 13/2024 on Creating a Unified Digital Window for Establishing Companies in the Emirate of Dubai. Further, the Executive council has endorsed the principles for streamlining the investor’s journey catering to their needs in choosing the suitable sectors for their projects through a unified digital
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, has issued Decree No. (29) of 2024 regarding the establishment of an independent judicial body called the “Judicial Committee for Resolving Jurisdictional Conflicts between the DIFC Courts and the Judicial Authorities in Dubai Emirate.” This committee is composed of seven judges, Headed by
Delve into the complexities of recognizing and enforcing foreign court judgments in UAE local courts with practical insights in a write up authored by our Senior Associate, Rajiv Suri. Explore the Montevideo Convention’s principles, the ‘lotus principle,’ and the territoriality principle, uncovering the nuances of sovereignty and jurisdiction. Understand the pivotal role of bilateral agreements
Enforcement of Foreign Court Judgments in Civil Proceedings Read More »
Check out our latest insight of LexisNexis, authored by our Senior Associate, Rajiv Suri, which elaborates on the criminal liability of Directors under UAE law. Criminal liability of directors under most of the texts of law do not necessarily apply on directors by virtue of their titles but rather on the basis of the abuse
Criminal Liability of Directors under UAE Law Read More »
Join us in this podcast to explore the dynamic world of intellectual property rights scenario in the United Arab Emirates! In this podcast, our Senior Associate, Rajiv Suri, as a seasoned expert in intellectual property laws, delves deep into the nuances of safeguarding creative intellectual property rights comprising trademarks, patents, designs and copyrights within the
“ESG, Environmental, Social & Governances, is a hot topic for every business discussion and on top of the agenda for every business strategy meeting.” Mr. Mohammed Alsuwaidi, Managing Partner of Alsuwaidi & Company, and Mr. Suneer Kumar, Head of Corporate and Commercial team, shed light on ESG engagement and litigation in various jurisdictions in
ESG Engagement & Litigation 2024-UAE Read More »
As the words suggest, alternative dispute resolution (“ADR”) implies any process, system or method which helps resolve disputes between the parties without them having to resort to litigation. Some of the most used forms of ADR methods are arbitration and settlement through mediation. We are pleased to share with you that one of our Senior Associates,
We are pleased to share with you that one of our Senior Associates, Rajiv Suri, has contributed towards updating LexisNexis Middle East publication which is titled ‘Purchasing an Insolvent Business’. It is intended to provide an overview of the key aspects of the laws and regulations governing acquiring insolvent business in United Arab Emirates (UAE). The
Purchasing an Insolvent Business Read More »
Regulating crypto has never been more important in this highly dynamic, emerging industry 2022 has been a very eventful year for the cryptocurrency industry. It had its share of global headlines: from the collapse of Sam Bankman-Fried’s FTX, an insider trading scandal at Coinbase, and a prolonged downturn in cryptocurrency prices. Nevertheless, digital currencies continue
Developing Cryptoasset Landscape in the UAE Read More »
We are pleased to share with you that one of our Senior Associates, Rajiv Suri, has contributed towards updating the Trademarks law for LexisNexis Middle East publication which is titled ‘Trademark Transaction and Management’. It is intended to provide an overview of the key aspects of the laws and regulations governing Trademarks in United Arab
Trademark Transaction and Management Read More »
An interesting article written by Rajiv Suri, Senior Associate, highlighting the Importance of Trademark Registration, has been published in the Corporate Investment Times magazine. The Article appears on page/s 95-97”. It is a prestigious publication featuring contributions from industry experts from around the globe covering varied topics, such as regulatory changes and compliance issues…etc. Alsuwaidi
The Importance of Trademarks Registration Read More »
One more time, Senior Associate of Alsuwaidi & Company, Mr. Rajiv Suri achieved another milestone with his article “Registration of Smell Marks”. It has been recently published in Intellectual Property Expert Guide – CorporateLiveWire – a prestigious UK based publication featuring contributions from industry experts from around the globe covering varied topics, such as regulatory
SMELL can it be registered as a trademark? Read More »
“ESG, Environmental, Social & Governances, is a hot topic for every business discussion and on top of the agenda for every business strategy meeting.” Mr. Mohammed Alsuwaidi, Managing Partner of Alsuwaidi & Company, and Mr. Suneer Kumar, Head of Corporate and Commercial team, shed light on ESG engagement and litigation in various jurisdictions in
ESG Engagement & Litigation 2023-UAE Read More »
What is Emiratisation? Emiratisation is an initiative being advanced by the UAE Government that mandates the employment of UAE nationals within both, the public and the private sectors. The main aim is to enhance the local contribution to the national economy by raising the number of UAE nationals within the UAE workforce. This programme has
Emiratisation new law frequently asked questions Read More »
Scent trademark registration – The new trademarks law i.e., Federal Decree-Law no. (36) of 2021 in UAE now specifically provides for registration of “smell” marks considering that the definition of “trademark” under Article (2) of the said law has been widened to include such a mark. There are very few countries in the world which
Scent trademark registration Read More »
Regulates the benefits, incentives and work of family businesses, governance, management, transfer of shares and dispute resolution in order to enhance their role in the national economy On 10 October 2022, Decree-Law No. (37) on Family Businesses was issued and published in the Official Gazette and it will come into force three months after the
New Family Business Law Read More »
اعتبارا من 29 سبتمبر 2022، أدخلت وزارة الموارد البشرية والتوطين تعديلا بموجب المرسوم بقانون اتحادي رقم 14 لسنة 2022، بتعديل بعض أحكام المرسوم بقانون اتحادي – رقم 33 لعام 2021 والذي يتناول في المقام الأول تنظيم علاقات العمل. ويبرم عقد العمل لمدة محددة لا تزيد على ثلاث سنوات، ويجوز تجديده أو تمديده باتفاق الطرفين لفترة
تعديل قانون العمل يسمح بإبرام عقد عمل دون حد أقصى لمدته Read More »
Effective September 29, 2022, the Ministry of Human Resources and Emiratization (MoHRE) has brought into force an amendment vide Federal Decree law No. 14 of 2022 amending some provision/s of Federal Decree – Law No. 33 of 2021 which primarily deal with the Regulation of Labor Relations. The amendment primarily relates to abolishing the maximum
Decree No (23) of 2022, regulating the grant of Musataha Right over commercial lands in the Emirate of Dubai issued by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Purpose of the Decree The Decree aims to organise and control exploitation of commercial land
Regulation of Musataha Rights over commercial lands in Dubai Read More »
1- The United Arab Emirates (the “UAE”) has a comprehensive Sharia’ governance framework for Islamic financial institutions issued by the Central Bank of the UAE (the “Central Bank”). The framework provides in detail for the Sharia’ governance bodies and requirements related to Islamic financial institutions and Islamic windows. Branches of foreign financial institutions that provide
Sharia’ Governance Framework for Islamic Financial Institutions in the UAE Read More »
In today’s day and age where the world is moving towards conducting trade through e-commerce and online transactions, foremost requirement for enabling such digitized transaction/s is to register subjects as users with one’s personal data. Resultantly, such personal data has become a valuable intangible asset for any commercial venture/s which has its online presence. It
UAE – New Law for Protection of Personal Data Read More »
We are pleased to share our recent insight which feathered in In-House Community Magazine on Compliance and Sanctions of Anti-Money Laundering and Countering the Financing of Terrorism in the UAE. The article takes a look on how the United Arab Emirates (UAE) continues to improve its reputation as a premier global financial hub and battle perceptions
The UAE Cabinet approved the executive regulations of the Federal Decree-Law on Entry and Residence of Foreigners last month, increasing the attractivity of the UAE to live, work and invest in. The Golden Residence Scheme was initially approved in 2020 creating a 10-year renewable residency visa for select groups to attract skilled workers and entrepreneurs
Expanded Golden Visa Opportunity in the UAE Read More »
Anti money laundering (AML) and Know Your Client (KYC) provisions can be tricky to understand. Our latest Alsuwaidi & Company legal guide aims to help provide some clarity in this area. For further information on this and how we can work with you to ensure your organisation is compliant, please get in touch with the
Anti money laundering (AML) and Know Your Client (KYC) Read More »
The UAE recently updated it labour laws and such will come into effect on 2nd February 2022. Further to receiving queries from our clients about these updates, we have put together a short overview outlining some of the new laws and suggestions on what your company should do to stay compliant and avoid the hefty fines. Read
The UAE’s new Corporate Tax Read More »
Alsuwaidi & Company handles all matters before the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM). The off shore legal system operates independently to the onshore system. This short guide aims to give you an overview of the various courts the operate in the DIFC and ADGM. For further information, please
Alsuwaidi & Company Legal Guide to the DIFC and ADGM Courts Read More »
The UAE recently updated it labour laws and such will come into effect on 2nd February 2022. Further to receiving queries from our clients about these updates, we have put together a short overview outlining some of the new laws and suggestions on what your company should do to stay compliant and avoid the hefty fines. Read
The UAE has updated its labour laws. What are these updates and what should you do? Read More »
Alsuwaidi & Company sponsored this year’s Inhouse Congress. Our panel focused on Anti Money laundering and Dispute Resolution. Read More
Key Takeaways from Inhouse Congress 2021 Read More »
Dubai International Financial Centre (DIFC) has enacted new Intellectual Property Regulations with effect from 5 July 2021 under DIFC Law No. 4 of 2019 (IP Law). The new regulations will enable DIFC to increase innovation by identifying and protecting IP rights, important to technology and start-up companies. Moreover, these regulations allow Commissioner of Intellectual Property
Abu Dhabi to allow 100% foreign ownership of professional companies Read More »
As a UAE firm, with over 23 yeas experience in helping clients navigate the legal landscape, we are well versed in assisting foreign investors establishing their presence and business in the UAE – both onshore and free zones. We have significant expertise working with investors in joint ventures, mergers and acquisitions in the Gulf. We
Assisting Foreign Investments in the UAE Read More »
Dubai International Financial Centre (DIFC) has just announced its first successful cross-border merger under the DIFC’s Companies Law. The DIFC Companies Law allows mergers between both private and public companies established in the DIFC and companies established in jurisdictions outside of the DIFC. This is a huge step forward that allows the DIFC to attract
DIFC Success in first cross-border merger Read More »
Can your employer ask you to move home? Mohamed Elmasry shares his insight with Gulf News. You may read the full article here: UAE: Can my employer ask me to move house? | Living-ask-us – Gulf News
UAE: Can my employer ask me to move house? Read More »
Foreign nationals can now own 100% of companies within the onshore jurisdiction of the UAE, which previously required 51% Emirati ownership to do business outside of UAE free zones. This remarkable development is expected to further enhance the UAE’s position as the Gulf’s premier business hub and a stronger magnet for foreign capital and investment.
UAE Companies Law to Allow 100% Foreign Ownership in UAE Read More »
Have you filed your Economic Substance Regulation notification? All Licensees in the UAE must “notify” by the 30th June deadline and certain businesses engaged in “relevant activities” must further report. PURPOSE The purpose of the Regulations is to ensure that UAE entities that undertake certain activities are not used to artificially attract profits that are
Have you filed your Economic Substance Regulation notification Read More »
Business integrity in the time of pandemic: what can businesses in the UAE do to protect their people and business? During these uniquely challenging times, businesses are poised to react to sudden changes in the market. As businesses navigate through new waters, it is best to seek guidance from the authorities and methodically deal with
In a historical development of India and UAE relationship, UAE Judgment will be recognized and enforceable in India based on reciprocity as per the Notification issued by the Government of India on 17 January 2020 (“Notification”). On 17 January 2020, Government of India published in its official gazette Notification for recognition of the UAE as
Be aware: Defaulters in UAE may be pursued in India Read More »
This month, the UAE Cabinet approved the issuance of a five-year, multiple entry tourist visa for all nationalities visiting the country. This move aims to enhance the UAE’s position as a top tourist destination and further strategically supports the Dubai Expo 2020 efforts. Holders of the five-year multiple entry tourist visa shall be allowed to
Tourism Boost: The New Five-Year Multiple-Entry Tourist Visa Read More »
Alsuwaidi & Company was recently invited to perform a presentation before the Swiss Business Council held in Dubai, UAE. Our Senior Associate, Mr. Suneer Kumar represented our firm by leading a seminar on the topic: ‘How to Avoid & Handle Bad Debts’. Mr. Suneer’s depth of research and understanding on the topic in question, and
INTRODUCTION AND BACKGROUND H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has promulgated the Resolution of the Cabinet of Ministers No. (31) for 2019 concerning Economic Substance Regulations (ESR/Regulations) on 30 April 2019. Pursuant to the Regulations, a Ministerial Decision no. 215 of 2019
Economic Substance Regulation of UAE Read More »
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
Key Changes of the New DIFC Employment Law 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
Key Highlights on the UAE Insolvency Law Read More »
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
Spotlight on Recent Developments in UAE Read More »
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 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 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 »
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 »