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, [...]
Introduction to Arbitration in the UAE Introduction to Arbitration in the UAE The long anticipated Federal Law No. 6 of 2018, (“the Arbitration Law”) came into effect in 2018. Broadly based on the UNCITRAL Modern Law, the enactment of the Arbitration Law undoubtedly aligns arbitration in the UAE with the world wide practice and [...]
The Doctrine of Res Judicata under UAE Law Res judicata is a fundamental concept of law that serves to prevent duplicity of proceedings on a subject-matter, by precluding re-litigation of facts that have been conclusively determined by a judicial body in a prior proceeding. From a natural justice perspective, such doctrine aims to thwart [...]
Landmark Reforms Announced in the UAE Companies Law Introduction Over the last few years, the UAE has embarked upon a concerted drive to establish itself as a globalized center which attracts a wide array of talent from a diverse assembly of nationalities and cultures. To execute this vision, there have been a flurry of [...]
The Concept of Compensation for Civil Wrongs in the UAE Introduction Tort is a civil wrong or wrongful act, whether intentional or accidental, from which injury occurs to another. Tort law and the wrongs it encompasses are a common law construct and fall squarely within the domain of civil disputes pertaining to injuries caused [...]
Do start-ups prefer copyright over trademark for their business? Introduction The United Arab Emirates is a leading global hub, attracting investors and providing upcoming startups with an encouraging regulatory climate to grow within. As such, applications for intellectual property protection have risen steadily with both incumbents and new aspirants seeking to protect their ideas [...]
Data Protection and Employee Monitoring in the UAE Introduction Employee Monitoring can be defined as a series of initiatives taken by the employers to keep an eye on the activities of their employees through the use of surveillance methods. Some of the common ways through which employees can be monitored are telephone tapping, email [...]
UAE ECONOMIC SUBSTANCE REGULATIONS [Cabinet Resolution No. 57/2020] Background The United Arab Emirates had introduced the Economic Substance Regulations (“ESR”) (Cabinet Decision No. 31/2019) [“Original Regulations”], which came into effect on 30th April 2019. The Ministry of Finance had issued a guidance on the application of the Regulations which was enforced on 11th September [...]
