Endofa could be stuck with million dollar claim in Dubai
A claim in Dubai of close to USD 1 million against Endofa will likely disappear because the bunker company is now closing its company in the desert state, says a local lawyer specialized in shipping.…
Summary of the new UAE VAT Law
On 23 August 2017, the UAE published Federal Decree Law No. 8 of 2017 on Value Added Tax (“VAT Law”) which comes into effect on 1 January 2018 and sets out the framework within which…
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…
Buying a Yacht: ensure your ‘bargain’ doesn’t turn into nightmare
The Middle East now represents a significant portion of the buyers in the current yacht market. While there has been a relative slowdown in the sale of newly built yachts, there has been a renewed…