UAE’s construction market has seen significant growth in recent years, driven by a robust regulatory framework and a strong emphasis on safety and quality. The growth is expected to persist as the UAE continues to pursue its development objectives. UAE’s construction market presents an attractive opportunity for foreign developers due to its substantial economic growth…
Dubai Court of Cassation case no. 2024/296 (Commercial Appeal) SK Legal recently secured a favourable ruling for a client in relation to the inadmissibility of a lawsuit due to the existence of an arbitration clause. Although such cases are common in Dubai Courts, where some parties attempt to circumvent the arbitration process to evade arbitration-related costs, this…
UAE has positioned itself as a prominent hub for arbitration, particularly appealing to multi-jurisdictional parties. UAE’s robust legal framework and well-established arbitral institutions create an environment conducive to efficiently resolving commercial disputes. These factors work together to attract global businesses seeking dependable dispute resolution mechanisms. The recent enhancements in arbitration rules further solidify the UAE’s…
For international technology firms seeking expansion, the UAE offers a compelling environment for growth, characterised by its economic vibrancy, supportive infrastructure, skilled workforce and business-friendly regulations, making it an appealing destination for business expansion. The demand for skilled professionals, especially in data management, cybersecurity, and AI, is surging in the UAE. Initiatives like Dubai Silicon…
The Dubai International Finance Centre (DIFC) has recently announced the enactment of key amendments to the Law on the Application of Civil and Commercial Laws in the DIFC (DIFC Law no. 3 of 2004). The purpose of these amendments is to provide clear statutory guidance regarding the sources and interpretation of DIFC Law, confirming that…
In our previous article, we explored the fundamentals of Mergers and Acquisitions (M&A) in the UAE. Building on that foundation, this article will dive into the essential components of a successful M&A transaction, from negotiation stages to compliance requirements. If you missed Part 1 of this series, read it here Non-Binding Term Sheet/MOU Terms sheets are…
The startup ecosystem in the United Arab Emirates (UAE) is evolving and expanding. Therefore, Mergers and Acquisitions (M&A) are becoming an increasingly relevant strategy for startups and entrepreneurs in the UAE. As the UAE solidifies its status as a global innovation hub, Mergers and Acquisitions are poised to play an increasingly pivotal role in its…
The UAE real estate market is experiencing significant growth, with projections indicating a market size of approximately USD 0.68 trillion by the end of 2024. This growth is driven by a strong economy, political stability, effective government policies, and increasing demand for properties, particularly luxury ones. It is drawing substantial attention from local and international…
The Dubai International Financial Centre (DIFC) is a financial free zone established by Federal Decree-Law No. 35 of 2004. It is a leading financial hub for the Middle East, South Asia, and Africa. DIFC functions under its own legal framework, which is founded on English common law. DIFC is a vital component of Dubai’s economy,…
Money laundering is a major global challenge with extensive economic, social, and political implications. Money Laundering involves disguising the origins of illegally acquired funds, enabling criminals to profit from their activities while simultaneously eroding the integrity of legitimate economic systems. This article will explore how these new changes can impact employers and employees. Anti-Money Laundering…
