Event – M&CO Legal Sponsoring the first ever India-MENA Arbitration Summit

On the 29th of April 2024, the Dubai Court of Appeal (COA) issued a landmark judgement Judgement) in Appeal Number 11 of 2024 (Appeal), wherein the COA clarified the legal position concerning the requirement of having an Award signed by all the members of the Arbitral Tribunal (including the Arbitrator that dissented with the majority) and in doing so, affirmed the validity and enforceability of an Award which was only signed by the majority of the Arbitrators.

A non-compete clause (or non-competition clause), is a clause in an employment contract that prevents or restricts an employee from any activity that directly competes against his former employer once the employment contract has ended.

Debt Recovery is a critical aspect of financial transactions, crucial for individuals and businesses alike; hence efficient recovery of unpaid debts is vital for maintaining financial security.  The recent judgment by the General Assembly of the Dubai Court of Cassation in Cassation No. 1 of 2024 issued on 31 January 2024 (the “General Assembly Judgment”), has expanded the options of attachable assets in relation to debt recovery. Before discussing the nuances of this judgment, let us look into the framework of debt recovery in the UAE.