The free zones in the UAE are a magnet for EU and North American companies that are looking for growth opportunities in the Middle East and even globally. The UAE economic free zones provide myriad benefits such as 100% foreign ownership, significant tax benefits, and a business-friendly regulatory environment. The UAE’s strategic location at the meeting point…
Business transactions are inherently complex and multifaceted. Every transaction is a potential minefield of legal and regulatory complexities that require careful consideration and planning. According to a McKinsey report, “up to 70% of corporate deals fail due to legal and compliance issues”. These issues include mergers and acquisitions, regulatory compliance, contract negotiations, dispute resolution, financial…
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…
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…
The new gratuity rule in UAE, introduced through Federal Decree Law No. 33 of 2021 (New Law), came into force in February 2022 and repealed Federal Law No. 8/1980 (Old Law). The New Law introduced significant changes regarding end-of-service benefits for employees. This article will explore how these new changes can impact employers and employees….
A labour or employment contract outlines the terms and conditions of employment between an employer and an employee. The primary goal of a labour contract is to ensure clarity and mutual understanding regarding the employment relationship. A well-drafted labour contract is important for both employers and employees as it minimises the risk of future disputes….
The legal structure in the UAE has two systems: the Federal Judiciary, presided over by the Federal Supreme Court, which is the highest judicial authority in the UAE, and the local judicial departments at the local government level. A legal consultant in UAE can help navigate these systems. Each of the seven emirates has the…
