The Lifeboat Offered by the New Medical Liability Law

The healthcare industry is booming around the world, and the UAE is no exception. With no shortage of hospitals and medical care providers, patients have access around the clock. Although physicians and patients are bound…

Rescue And Revive: The New Bankruptcy Law in the UAE

The much awaited new bankruptcy law in the UAE is a complete legal framework meant to assist financially troubled companies to avoid collapse. It took effect on December 29, 2016 after being decreed by President…

Navigating Lease Disputes in Dubai

From rental prices to maintenance matters, renting a unit in Dubai continues to be a hot topic. Dubai’s lease system attempts to strike a balance between the rights, responsibilities, and interests of tenants and landlords.…

Crowdfunding in the UAE – An Opportune Time For Regulatory Certainty

Crowdfunding is the new kid on the block in the alternative finance market.  With access to traditional modes of corporate finance reaching the bottleneck coupled with the sweeping reach of the internet, crowdfunding is globally…

Globalisation proves to be alive and kicking as OECD Common Reporting Standards enter the UAE

OECD Common Reporting Standards (or CRS) are global standards applied by financial institutions for automatic exchange of information, aimed at identifying the effective tax residence and any investment income, account balances and sales proceeds of…

Judicial Tribunal rejects DIFC Court jurisdiction

In a noteworthy first decision, the Judicial Tribunal for the Dubai Court and DIFC Court (JT), established to decide conflicts of jurisdiction between the two courts, has ruled on 27 January 2017 that Daman Real Capital…

Transformation of Offshore Jurisdiction in Ras Al Khaimah

International business companies (IBCs) incorporated or proposed to be incorporated in Ras Al Khaimah must note the recent establishment of the Ras Al Khaimah International Corporate Centre (RAKICC) which, going forward, will be the sole…

DIFC Court Judgments and DIFC Wills to reach assets in Ras Al-Khaimah

On 12th December 2016 a package of legal agreements (“the Legal Package”) was signed between the Dubai International Financial Centre (DIFC) Courts and Ras Al-Khaimah. The overall Legal Package consists of two Co-operation Agreements and…

DIFC Court rules on Arbitration Agreements

The issue concerning legal capacity has caused much consternation in the UAE due to the fact that UAE legislation requires a special authorization for arbitration and thus losing the right to litigate disputes in the…