Home/Tag: uae laws

ADGM Courts Issue First Arbitration-Related Judgements

2021-01-04T12:37:55+04:00April 14th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , |

ADGM Courts Issue First Arbitration-Related Judgements The Abu Dhabi Global Market (hereinafter “ADGM”) is a business hub in the UAE, with multiple sectors emerging in the area. As a financial free zone, it has attracted investment and activity due to its enhanced adoption of the UNCITRAL Model Law on International Commercial Arbitration, and a [...]

Interpreting Dubai’s New Law Governing Jointly Owned Properties

2021-01-05T10:32:04+04:00April 14th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , , |

Interpreting Dubai’s New Law Governing Jointly Owned Properties Introduction On 4th September 2019, in his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (6) of 2019, which is related to joint ownership of real-estate in Dubai. It is [...]

DIFC TRUSTS AND FOUNDATIONS

2021-01-05T10:32:33+04:00April 12th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , , |

DIFC TRUSTS AND FOUNDATIONS Introduction Trusts and Foundations are prominent vehicles for the purpose of succession planning, wealth preservation and asset protection. These vehicles enable families to plan and structure their asset-holding and its distribution for long-term. Within the region, many family owned businesses are entering into the transitional stage of handover from one [...]

Hedging Strategies for Electricity and Energy Contracts

2021-01-04T12:39:30+04:00April 8th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , , |

Hedging Strategies for Electricity and Energy Contracts Introduction In the financial realm, hedging means reducing or if possible, pre-empting the risk of negative movements in the value of financial assets. In other words, it is a kind of preventive mechanism against events that might adversely affect the value of a given set of financial [...]

A New Era Is Dawning For Disputed Insurance Claims in the UAE

2021-01-05T10:32:53+04:00March 30th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , |

A New Era Is Dawning For Disputed Insurance Claims in the UAE The Federal Law No. (3) Of 2018 on the Amendment (“Amendment”) of Certain Provisions of Federal Law No. (6) Of 2007 Concerning the Establishment of the Insurance Authority and Organization of its Operations (“Law”) came into force on 1st May 2018. The [...]

UAE Anti-Corruption & Bribery Laws

2021-01-05T10:33:12+04:00March 25th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , , , |

UAE Anti-Corruption & Bribery Laws Introduction At present, the United Arab Emirates (hereinafter “UAE”) does not have a comprehensive legislation directed towards curbing corruption and bribery in the country. However, the Federal Law no. 3 of 1987, which is the Federal Penal Code of UAE, provides the requisite laws to govern bribery and corruption [...]

UAE Employee Sick Leave

2021-01-04T12:40:58+04:00March 19th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , , |

UAE Employee Sick Leave Introduction   The protection that the law offers to the employees across various sectors reflects the values and the welfare ideals that a country seeks to achieve. The amended law in UAE aims to strike a balance of the interests between the employer and the employee by protecting the employer from [...]

The Targeted Economic Support Scheme

2021-01-04T12:41:28+04:00March 17th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , , , , , , , |

The Targeted Economic Support Scheme At a time where countries around the world look to their governments to provide guidance on the way forward, UAE has taken preemptive measures to stimulate the economy and combat the continuing impact of Covid-19. On 14/03/2020, the Central Bank of the UAE (“Central Bank”) announced the ‘Targeted Economic [...]

UAE Central Bank’s Regulatory Framework for Stored Values and Electronic Payment Systems

2021-01-05T10:41:07+04:00March 15th, 2020|Categories: Lexwins is the knowledge portal covering the latest legal news and updates|Tags: , , , , |

UAE Central Bank’s Regulatory Framework for Stored Values and Electronic Payment Systems Introduction Recent studies by the Federal Competitiveness and Statistics Authority conclude that 90% of the people in the UAE use digital banking, while 100% has access to ATMs. While the digital market payments are seeing a year on year rise, Cash on [...]