Force Majeure and the Coronavirus

Companies are doing their best and taking precautions to prevent the spread of the Cornovirus;  some of the measures these companies are taking could invoke force majeure clauses or the "impossibility of performance" defence as…

News Alert: Economic Substance Requirements Guidance Issued

Introduction On 11 September 2019, the UAE issued Ministerial Decision No. 215 of 2019 on the Directives for the implementation of the Economic Substance Regulations (ESR). The ESR was earlier published in April 2019 as…

Everything You Need to Know about the New Joint Property Law

Background and introduction Just recently, His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE issued Law No. (6) of 2019 pertaining to the Joint Ownership of Properties (Joint…

10 Things to Know about the New Incoterms 2020

Published since 1936, the International Chamber of Commerce (ICC) has published a set of three letter trading terms for the use in sale and purchase contracts.  These ‘Incoterms’ deal with the obligations of the buyer…

Everything You Need to Know about Limitation Period of Labour Cases in the UAE

Overview: To start with, the UAE labour law defines the employment contract as "any agreement for a definite or indefinite term, concluded between an employer and an employee, whereby the latter undertakes to work in…

تقادم سماع دعوى المطالبة بالحقوق العمالية في القوانين الإمارتية

مدخل: بادئ ذي بدء فقد عرف قانون العمل الإماراتي عقد العمل بأنه" هو كل اتفاق محدد المدة أو غير محدد المدة يبرم بين صاحب العمل والعامل يتعهد فيه الأخير بأن يعمل في خدمة صاحب العمل…

Will insurance cover damages by rain? UAE law firm clarifies

Residents have questions whether these damages are covered under the insurance as rains are caused by "intentional act" of cloud seeding. Damages to vehicles and properties caused by the ongoing record-breaking rain spell are generally…

UAE Ministry on New Specific Legislation of Insolvency of Natural Persons

This Decree-Law on the Insolvency of Natural Persons which has been issued on 29 August 2019 and supposed to come into effect in the beginning of 2020, aims at enhancing the competitiveness of the UAE…

Gulf Tanker Attacks: Implications on Costs

Tanker attacks have a long history indicating that it could be a powerful weapon in international conflict, which can significantly destabilize an economy. During the war in the 1980s, oil terminals and tankers were under…