The Dubai Courts have played an important role in shaping the landscape of arbitration within the United Arab Emirates (UAE). Historically, the failure of parties to pay their share of arbitration costs, particularly in Dubai International Arbitration Centre (DIAC) proceedings, was deemed sufficient grounds for the arbitration to be closed. This closure was widely considered […]
The United Arab Emirates (UAE) has one of the most comprehensive legislations on intellectual property (IP). These regulations reflect the UAE’s commitment to strengthening protections for intellectual property and aligning its legal framework with global best practices, particularly in the context of rapid technological advancement. The IP laws provide clarity, modern approach, and facilitate business […]
The United Arab Emirates (UAE) has made progressive approach towards cryptocurrency and digital assets. There are regulatory bodies that govern crypto in the UAE which involves authorities and regulations depending on the jurisdiction within the UAE. How do these authorities define, regulate and manage crypto assets and what are the key differences on crypto between […]
This article outlines the proposed approach to establish a financial entity in the Dubai International Financial Centre (“DIFC”). It is based on the information provided in the DIFC checklist and the assumption that the client is seeking to establish a (type of financial entity, e.g., bank investment firm, fund management company). The entity will be […]
The United Arab Emirates (UAE) uses Power of Attorney (POA) arrangements as an important instrument of legal and financial management, as stated in the UAE Civil Transactions Law Federal Law No. 5 of 1985 as amended by Federal Decree-Law No. 30 of 2020 (“Civil Code”). A POA is governed by Articles 924 to 961 of […]
When arbitration was introduced in the United Arab Emirates (“UAE”), it was largely used by international businesses, its usage has grown over time. Today, both the international and the local business community increasingly opt arbitration to resolve disputes. There are seven arbitration bodies relevant to international arbitration based in the UAE. Onshore, the primary local […]
Client’s Profile and Source of Funds/Wealth While looking into a customer/client’s profile it is important to understand the relationship between the client and the source of funds or their source of wealth. Ensuring that you have got verifiable information to demonstrate an understanding of the true ownership and control structures of your client or the […]
The United Arab Emirates (UAE) has several mediums to resolve disputes, including litigation and arbitration that are governed by separate judicial systems. It is important for businesses, lawyers in Dubai and residents to understand these systems before making provisions for dispute resolution in their commercial contracts. The UAE offers three primary court systems for litigation, […]
Corporate governance deals with how companies are operated and managed. It is a continuous and changing process that involves organizing a framework detailing how an organization can be directed and controlled. Effective corporate governance is vital for ensuring a company is steered in a way that safeguards the interests of all stakeholders, including shareholders, employees, […]
