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Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE

Definition of bankruptcy: Legally speaking, bankruptcy in the UAE is an expression used to describe a legal status in which a natural (individual) or legal (company) person owes a sum of money to third parties…

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Glossary – learn the most important crypto and blockchain terms.

A Address A string of letters and numbers that are used to receive cryptocurrency. Works similar to a traditional bank account number and can be shared publicly with others. All Time High (ATH) Refers to…

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An Exclusive Interview with Fairplay

There are few individuals who are as articulate about or committed to the cause of turning Dubai into a global shipping hub than United Arab Emirates (UAE)-based German lawyer Jasmin Fichte. Setting up Fichte &…

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All The News And Updates You Don’t Want To Miss.

Wohoooooo!! You're in. Thank you for showing interest in our monthly newsletter. We look forward to geeking out over email with you and share latest legal updates. Here are few of our recent newsletters, just…

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UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments

The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments, such as payments to settle disputes, and other contractually agreed compensation. Where a payment or fee is not…

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Major Changes in the UAE Visa Rules

AT A GLANCE: Major changes announced by UAE Cabinet • UAE Cabinet announces decision to abolish mandatory bank guarantee for labour recruitment and replace it with a low-cost insurance system. • New visa facilitation procedures…

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Zero-Rating the Export of Services: A Basic Guide for Service Providers and Consultants

Whether to apply zero-rating to the export of services and how to do so, has been a recurring concern amongst businesses in the UAE, especially to those providing consultancy services. Federal Law no. 8 of…

Will The New UAE Maritime Law Serve Shipowners?

Geographically, as being in the centre of the World, the UAE is arguably an “ideal” Maritime location. As a gateway to Europe and America from the Fareast, one of the largest Ports in the World,…

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Demystifying The Financial Regulatory Landscape In The UAE

Navigating the financial regulatory landscape of a country can be daunting.  The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants…