A familiar problem regularly arises in the UAE’s fast‑moving real estate market. A buyer facing serious cash‑flow pressure, or a developer struggling with supply‑chain disruption, tries to walk away from an ongoing Sales and Purchase Agreement (SPA) by declaring force majeure. The answer from the UAE courts is consistent and unforgiving: force majeure cannot be…
Прочитайте эту статью на английском языке. Глобальная индустрия управления активами в настоящее время переживает период глубокой структурной перестройки. По мере смещения капитала на восток и усиления регуляторного давления в традиционных офшорных юрисдикциях Дубайский международный финансовый центр (DIFC) стал не просто региональным шлюзом, а сложной, самодостаточной юрисдикцией для структурирования глобальных фондов. DIFC, который когда-то характеризовался в…
The global asset management landscape is undergoing a profound structural transformation, characterised by a pivot toward “mid-shore” jurisdictions that offer a balance of robust regulatory oversight and sophisticated corporate flexibility. Within this competitive milieu, the Abu Dhabi Global Market (ADGM) has emerged not merely as a regional alternative but as a preeminent global nexus for…
Read this article in Russian. Executive Summary The global asset management industry is currently navigating a period of profound structural realignment. As capital pools shift eastward and regulatory pressures in traditional offshore jurisdictions intensify, the Dubai International Financial Centre (DIFC) has emerged not merely as a regional gateway, but as a sophisticated, self-sufficient jurisdiction for…
I. Introduction and Executive Summary The rapid digitalisation of commerce and governance within the United Arab Emirates (UAE) necessitated a comprehensive overhaul of its digital legal framework. This objective was realized through the extensive legal reform programme enacted during the nation’s Golden Jubilee Year, culminating in the issuance of Federal Decree-Law No. 34 of 2021…
The United Arab Emirates’ Federal Decree-Law No. 33 of 2021 Regarding the Regulation of Employment Relationship (the “New Labour Law“)1, which took effect in early 2022, represents the most significant legislative overhaul of private sector employment in decades. This framework is designed to enhance workforce flexibility and attract global talent while mandating structured contractual terms….
I. Introduction The legal framework governing corporate insolvency in the United Arab Emirates operates as a distinct, layered system, comprising the federal Civil Law jurisdiction (the Mainland) and autonomous Common Law financial free zones (the Dubai International Financial Centre, DIFC, and the Abu Dhabi Global Market, ADGM). The repeal of the historically problematic Federal Decree-Law…
