Federal Trust Law Reform
The United Arab Emirates recently enacted Federal Decree-Law No. 31/2023 (the “New Law”), which supersedes the previously issued Federal Law No. 19/2020 Regarding Trusts (the “Old Law”).
Analysis of the recent DIFC Court of Appeal’s Judgment in Panther Real Estate Development LLC v Modern Executive Systems Contract LLC [2022] DIFC CA 016
An analysis on the reasoning of the DIFC Courts’ in dealing with construction claims made under FIDIC ‘99
EVENT – DUBAI ARBITRATION WEEK 2023
M&CO Legal are hosting an event during Dubai Arbitration Week 2023 titled Recent Developments in UAE Arbitration
The Amendment Law on UAE Arbitration Law: An Analytical and Comparative Study with the Federal Law No.6 of 2018 on Arbitration
This paper describes, compares and examines the Amendment Law with the Federal Law No.6 of 2018 on Arbitration. Also, it studies the possible effects of the amended articles on the UAE arbitration system, arbitration procedure and domestic and international parties.
The Authority of Courts and Arbitral Tribunals in Determining Applicable Rules in the Absence of Parties’ Agreement: A Comparative Analysis
This article examines the authority of competent courts and arbitral tribunals to establish relevant regulations in instances where parties are unable to reach a consensus on arbitration procedures, such as the selection of an arbitrator or the determination of an applicable procedural law.
A glance into the latest Executive Regulations to Federal Law No. (15) of 2020 on UAE Consumer Protection
With the latest updates on the issuance of the new executive regulation of Federal Law No. 15 of 2020 on consumer protection, the Ministry of Economy once again proves that the UAE stays on top of ever-evolving rules and regulations to ensure consumer protection in this era of digital economy and e-commerce.
UPDATE ON THE UAE PRIVATE SECTOR EMIRATISATION RULES: MORE PRIVATE COMPANIES ARE NOW INCLUDED
On 11th July 2023, the Ministry of Human Resources and Emiratisation (“MoHRE”) in the UAE issued a new update on the companies subject to the Emiratisation targets in the private sector in the UAE.
The new announcement by Dubai Courts on the establishment of the first division for the inheritance of non-Muslims and the execution of their wills
Why inheritance of non-Muslims or their Wills drafting is so crucial? The principal source of inheritance legislation in the UAE is Sharia Law and it has been incorporated and codified into various legislative UAE Codes such as the UAE Personal Status Law 2005 and the UAE Civil Code 1985. In this context, Law No. 15 […]
UAE CORPORATE TAX: MINISTRY OF FINANCE ANNOUNCES PENALTIES FOR NON-COMPLIANCE
On 29th July 2023, the UAE Ministry of Finance has introduced the Cabinet Decision No. (75) of 2023 outlining the applicable administrative penalties for violations related to the application of Law No. (47) of 2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law”).
Navigating Non-Fungible Tokens, Copyright Challenges, and Regulatory Perspectives in the UAE and EU
This paper discusses Non-Fungible Tokens (NFTs), unique digital assets that exist on a blockchain. It explores the technical aspects of NFTs, their value, and the rights they grant to their owners. It also highlights growing approaches to regulating them both in the UAE and abroad.
