Legal Insight Q&A: Emiratization
Emiratization is the UAE government’s initiative to increase the number of UAE Nationals employed in the public and private sectors. (Note, the remainder of these questions solely address questions regarding Emiratization requirements for mainland private sector companies).
UAE Federal Tax Authority Releases Business Restructuring Relief Guide for Corporate Tax Purposes
As part of the continuous efforts of the Federal Tax Authority (FTA) to assist corporate taxpayers to understand and manoeuvre through the complexities of the corporate tax regime of UAE, FTA has released the latest Business Restructuring Relief Guide for Corporate Tax Purposes (Guide). However please be mindful that, unlike Tax laws, FTA Guidelines are not legally binding.
Artificial Intelligence: Benefits, Limitations, and UAE Government Initiatives
AI has become a focal point across news platforms, dominating discussions on social media and prompting government attention due to concerns over its potential misuse. In our analysis, we delve into the dual aspects of AI, highlighting its positive outcomes and limitations. We also offer suggestions for individuals and organizations to harness AI’s benefits while managing associated risks. Additionally, we explore the UAE government’s initiatives in the realm of AI and contemplate its future implications.
Procedural Remedies for Delayed Arbitral Awards under UAE Federal Law No. 6/2018 on Arbitration
The article discusses the UAE’s new law which aims to fortify the legal framework and processes to combat potential money laundering and the financing of terrorism by delegating, amending and clarifying existing responsibilities within the framework, as well as demonstrating a proactive approach through the adoption and implementation of new reporting mechanisms.
Navigating the Legal Framework of UAE’s New Finance Lease Legislation
The article discusses the UAE’s new law which aims to fortify the legal framework and processes to combat potential money laundering and the financing of terrorism by delegating, amending and clarifying existing responsibilities within the framework, as well as demonstrating a proactive approach through the adoption and implementation of new reporting mechanisms.
Dubai Courts find that the DIAC Rules give tribunals the power to award legal costs
On 22 January 2024, the Dubai Court of Appeal (“DCA”) issued a judgment (the “Judgment”) that will be welcomed as a step in the right direction on the issue of legal costs in UAE-seated arbitrations conducted under the DIAC Rules
Chambers Global 2024 Ranking
We are thrilled to share that our Firm has been featured in the prestigious Chambers and Partners Global Guide 2024.
Advancing Arbitration in Abu Dhabi: The Significance of the New Arbitration Rules 2024
The recent announcement by the Abu Dhabi Chamber of Commerce and Industry (ADCCI) regarding the launch of arbitrateAD, officially known as the Abu Dhabi International Arbitration Centre (ADIAC), marks a significant milestone in Abu Dhabi’s arbitration landscape.
Event – M&CO Legal Sponsoring the first ever India-MENA Arbitration Summit
We are excited to announce the participation of our Founding Partner, Dr Mahmood Hussain as a speaker at the inaugural India-MENA Arbitration Summit, scheduled to take place in Hyderabad, India on February 17-18, 2024
Event – Legal Insights for Efficiently Managing Construction Contracts in the UAE
On the 8th of February, our Founding Partner, Dr Mahmood Hussain will participate as a panelist for the event “Legal Insights for Efficiently Managing Construction Contracts in the UAE” held at the Shangri-La Hotel, Dubai. This session is organized by the Turkish Business Council in Dubai & Northern Emirates.
