UAE - A Reciprocating Territory of INDIA Given the extent of global cross-border trade in the present times that has inter alia proliferated the disputes between the various stakeholders thereto who often find themselves in different jurisdictions and the binding agreements between them that provide for resolution of such disputes in a jurisdiction different [...]
Madrid Protocol Introduction The Madrid Protocol, adopted in the year 1989, has devised a one-point solution to file, register and maintain one’s trademark in more than one country by filing a single application under this protocol, provided that the targeted countries are the members of the Protocol. The Madrid Protocol entered into force on [...]
Working Hours and Leave for Private Sector Employees in the UAE Introduction The United Arab Emirates (“UAE”/ “Country”) is not only a land of tourist attraction or a hub for high profile people to do business but it is one of the biggest lands of employment. People who work as labours in UAE are [...]
Regulations on Securities & Commodities in the United Arab Emirates – A brief outlook IntroductionSecurities’ is a commonly known term in today’s corporate world, where a vast majority of the corporate population understands, if not knows, the concept of how securities work. In general terms, securities are ‘fungible and tradable’ financial instruments that are used [...]
Central Bank of UAE - Financial Consumer Protection Regulatory Framework & Data Protection Introduction The UAE Financial sector is growing and is now expanding into diverse products and services which are increasingly being embedded into technology such as artificial intelligence making the said services all the more susceptible to data breaches. Therefore, in light [...]
Insurance Coverage for Coronavirus-related Interruption to Businesses Introduction The rise of the COVID-19 pandemic has stagnated the performance of the global industry, with supply chains being disrupted and consumers being driven away from marketplaces. The rapid expansion in the numbers of people infected, has disrupted not just personal routines, but also macro-level activities. While [...]
UAE ANTI- MONEY LAUNDERING REGULATIONS TO COMBATE THE FINANCING OF TERRORISM AND ILLEGAL ORGANISATIONS Introduction In an effort taken by the UAE government to combat money laundering crimes in the UAE, the Ministry of Justice has introduced a set of new measures and guidelines in relation to the Federal Decree-law No. [...]
Implications of Islamic Laws on Cryptocurrency and Blockchain Introduction United Arab Emirates (UAE) over the recent years has been making a significant growth in the field of cryptocurrency. However, cryptocurrency and the technologies that have advanced through the products of financial engineering are not compliant with the rules emerging from Sharia Law i.e., firstly, [...]
Cheque Bounce Cheque bounce is a situation when a cheque cannot be processed because of insufficient funds in the account. Apart from insufficient funds, there are other grounds such as illegitimate/unacceptable signature in the cheque and incorrect inputs in the cheque.For instance, mismatch in the amount in words and the figure; the date being post-dated [...]
Regulations Concerning the Payment Orders in UAE Law Introduction to Arbitration in the UAE The process set out earlier in the UAE Civil Procedures Law (Federal Law No. 11 of 1992) (“UAE Civil Procedures Law”) to enforce rights of creditors in transactions and facilitate prompt justice had lacunae. Due to the current Pandemic situation, [...]
