Force Majeure or Force Mirage? Middle East Conflict, Maritime Disruption and the New Contract Reality

The current Middle East crisis, particularly the most recent announcement of Yemen’s Houthis declaring a naval blockade and maritime embargo against Saudi Arabia has brought force majeure out of contractual boilerplate clauses and firmly into…

The UAE Aviation Finance Market and the Country’s Role as a Global Aviation Hub

The United Arab Emirates has established itself as a significant player in the global aviation sector, demonstrating excellence as both a pivotal air transport hub and a leader in the domains of aviation finance and…

Significant Changes for RAK ICC: 0% Corporate Tax Benefit For Offshore Companies

Following the enactment of the Emiri Decree No. (12) of 2024 Regarding the amendment of Emiri Decree No. (4) of 2016, the Ras Al Khaimah International Corporate Centre (“RAK ICC”) has introduced important changes that…