Consumer Protection Update
Great news for the consumers in UAE, for details, take a glance at the brief update on the newly amended UAE consumer protection law that just came into force.
ARBITRATION ALERT
On 20 December 2023, the Abu Dhabi Chamber of Commerce and Industry announced the launch of a new arbitration centre in the Emirate, the Abu Dhabi International Arbitration Centre (ADIAC) which has been branded as arbitrateAD.
Strengthening the UAE’s Anti-Money Laundering Framework: An In-Depth Analysis of Cabinet Decision No. 109/2023
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.
DIAC Mediation Rules – 2023
Mediation is increasingly becoming the preferred default option for dispute resolution as it may offer unique solutions, stronger confidentiality, and safeguard relationships and can be availed to resolve a wider spectrum of disputes coupled with advantages offered by party autonomy.
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.
Legal Changes impacting the Capital Market and Joint Stock Companies in UAE
Federal Law No. 32 of 2021 on Commercial Companies (“New CCL”) came into effect on 2nd of January 2022 to entirely replace Federal Law No. 2 of 2015 on Commercial Companies (“Old CCL”).
The Future of Virtual Assets in Dubai
Back in 2021, at “Connect 2021” conference, the Facebook founder Mark Zuckerberg had announced a new era in social media history, via his new project, named, MetaVerse (“Meta” or “MetaVerse”)
The Seat of Arbitration & Its Significance
The seat of arbitration, not to be confused with the geographical location of arbitration hearings, is an important aspect in both international and domestic arbitrations, and one that is often overlooked or not given proper consideration.
Principles of Anti-Money Laundering and Combatting the Financing of Terrorism
Money laundry is a process by which the source of illegal funds is disguised to allow its unsuspicious expenditure by mitigating the risks associated with jeopardizing the source of such illicit funds. Often,
UAE’s New Federal Law on Countering Rumors and Cybercrimes– Key Amendments
The UAE Federal Law by Decree No. 34 of 2021 (the “New Law”) on Countering Rumors and Cybercrimes was introduced in the UAE amongst the new legislative introductions in light of UAE’s
