ENFORCEMENT OF UK JUDGMENTS IN THE UAE
[ad_1] In an effort to strengthen judicial continuity, on 13 September 2022, the United Arab Emirates (“UAE”) Ministry of Justice issued a letter to the Director General of the Dubai courts confirming the enforcement of judgments issued in the courts of the United Kingdom (“UK”) through the principle of reciprocity. The Treaty between the UAE […]
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Proposed Amendments to the DIFC Employment Law
[ad_1] The DIFC Employment Law came into force on 14 January 2020 amending the DIFC Law No. 2 of 2019. The principal purpose of the amendment was to replace the concept of end of service gratuity with the DIFC Employee Workplace Savings Plan (DEWS) or an alternative qualifying scheme. The introduction of DEWS aligned the […]
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UAE Federal Supreme Court Decision on Guarantees
[ad_1] Summary The UAE Federal Supreme Court (FSC) recently held that a guarantee provided under Article 1092 of the UAE Civil Code (Federal Law No. 5 of 1985) does not apply to guarantees provided in bank financing.Caution is required however as the FSC decision does not apply across all Emirates. As such, it is prudent […]
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Davidson & Co’s Corporate Department’s Notable Deals and Transactions in 2021’s First Quarter
[ad_1] Well done to our Corporate team in Q1 2021, especially to Rhea Bindra and Rachel Pereira who have had an incredibly busy and successful period. Most notably, we advised on a complex and high value cross-border acquisition in the construction industry. This matter required our expertise in corporate restructuring, corporate governance and commercial advisory […]
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MAJORITY AND COMPLETE FOREIGN OWNERSHIP OF BUSINESSES IN THE UAE
[ad_1] The United Arab Emirates has long been an attractive destination for tourists and businesses alike, with the international business community recognising that the commercial context is highly favourable and becoming more so annually. The UAE has, year upon year, continued to initiate progressive legislation to facilitate foreign business set-up and the degree of external […]
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Decree 34 and its impact on arbitrations in Dubai
[ad_1] On 14 September 2021, in his capacity as the Ruler of Dubai, Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Decree No. 34 of 2021 concerning the Dubai International Arbitration Centre (“DIAC”) (“Decree 34”). In summary, Decree 34 abolished the Dubai International Financial Centre Arbitration […]
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New UAE Labour Law 2022
[ad_1] The Dubai International Financial Centre (the DIFC) has pioneered changes to the employment law by introducing concepts such as anti-discrimination, secondments, and DEWS. In tandem with the recent DIFC modernization, there has been a radical overhaul of the Federal Law No.8 of 1980 by the introduction of the Federal Decree Law No.33 of 2021 […]
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Amendments to the DIFC Employment Law
[ad_1] In February 2021, the DIFC Authority announced a consultation period on the DIFC Employment Law (DIFC Law No. 2 of 2019 as amended by DIFC Law No. 4 of 2020). The consultation paper came one year after the novel amendments to the DIFC Employment Law, providing an opportunity for clarification and address areas of […]
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2021: A Year in Review
[ad_1] Major developments have been implemented across the UAE in the last 12 months. Legislators and regulators have continued to refine local law to improve and implement international best practice across the UAE. We have highlighted some of the major developments along with a selection of anticipated changes. EMPLOYMENT LAW UAE Labour Law In November […]
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Litigating at the Dubai Courts
[ad_1] The first factor to consider when a dispute arises is the correct forum in which to raise proceedings. The UAE has both onshore and offshore courts which operate differently and are governed by separate laws. Often, parties will have entered into a contractual relationship and the agreed terms shall be documented by a contract. […]
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