MoE: Register your non-financial business to anti-money laundering systems
The UAE Ministry of Economy (MoE) announced that all Designated Non-Financial Businesses and Professions (DNFBPs) must complete their registration in the following anti-money laundering systems by March 31, 2021. This is part of the UAE’s…
New Visa options in the UAE
The last months have witnessed significant new visa reforms in the United Arab Emirates. The coronavirus pandemic has seen an exponential rise in the number of people switching to remote work. While working from home is becoming the new normal,…
The kerfuffle of apps terms of use: can they change anytime?
It’s no secret that apps run our lives. The advancement of mobile technologies has opened the gates to a plethora of goods and services, now easily available at our fingertips. With the increased use of…
Right of Arrest Under UAE Law for Unpaid Bunker Suppliers
Time charterers and demise charterers are usually responsible for supplying the chartered vessel with bunker supplies for the term of the charterparty. Bunker supplies are often supplied on credit terms with a delayed term for…
Importance of Non-Disclosure Agreements (NDA) for Startups
In the current times, most startups aim at implementing innovative business ideas, new technologies, and, most probably, unicity. Whereas registering, financing, and making a startup work usually imply a plethora of things to complete, one…
Civil Liability for Bunker Oil Pollution Damage
UAE APPROVES TO JOINING OF THE INTERNATIONAL CONVENTION ON CIVIL LIABILITY FOR BUNKER OIL POLLUTION DAMAGE UAE Federal Law No. 166/2020, issued on 10th November 2020, has approved the joining of the International Convention on…
FICHTE WEBINAR: UAE Labor Law – Limited v Unlimited Contracts
Free Live Webinar UAE residents and companies are still very unsure of their employment rights until they are forced to defend those rights in court. Our webinar focuses on the difference between limited and unlimited…
UAE Overhauls Corporate Rules and Allows 100% Foreign Ownership in Mainland Companies
On November 23 2020, the UAE President, Sheikh Khalifa Bin Zayed Al Nahyan, issued a Decree amending 51 articles and introducing certain new provisions in Federal Law no. 2 of 2015 (Commercial Companies Law). This…
Direct Executory Force of Notarized Debts
In the UAE, a debt is directly executable before the UAE Courts where it has been notarized and stamped with a stamp of execution by a notary public. This may be an attractive route for…