20 results found
…five years. Key Provisions of the New Gratuity Law in UAE 2022 Under the New Law, all employment contracts are now categorized as fixed-term contracts, streamlining the calculation process compared to the previous system, which included both limited and unlimi…
…unlimited contracts have a start date but no defined end date. Under the Old Law, employment contracts could be of an unlimited term or fixed/limited term. However, it is now mandatory for all employers to hire employees on a fixed-term employment contract. 6 …
Representations, warranties and indemnities each do a different job in a UAE SPA. Part 4 of the Investment Series on matching the right contractual protection, and the right price mechanism, to each risk that diligence uncovers.
The DIFC Small Claims Tribunal has quietly become a forum of strategic choice, with opt-in claims rising sharply. How RDC Part 53 works, where its costs and representation asymmetries bite, and when to draft it into your contracts.
Mergers and acquisitions (M&A) serve as a strategic tool for businesses to expand their operations and significantly increase their market reach. By forming partnerships with other companies, businesses can effectively enter new markets, leverage valuable resources such as expertise, talent, and infrastructure, and diversify their offerings. M&A allows companies to enhance their competitive position in...
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....
The United Arab Emirates (UAE) has emerged as a global business hub. Its strategic location, top infrastructure, and investor-friendly policies by the government of the UAE have made it a global hub for business. The UAE government has carried out multiple regulatory reforms and introduced very transparent legal frameworks to promote ease of doing business...
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...
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