The Business Advisory & Regulatory Compliance Unit of DCSL Corporate Service Limited provides advisory services with respect to corporate set-up, appropriate legal form and structure, as well as statutory and regulatory compliance matters having significant impact on businesses. Some of the services offered by the Unit include; Business Advisory Investment & Corporate Structure Advisory Recognizing […]
The economic boom in UAE has resulted in huge developments and a considerable increase in trade. This in turn has led to a rise in transactions which require a fast debt recovery mechanism. According to common practice in the UAE, the most secure and quickest method is the post-dated – and in some cases undated […]
In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or […]
Shariah lays down the relations that qualify as heirs following the death of an individual. The deceased’s estate can only be transferred to persons who qualify as heirs under Shariah Law principles. Anyone who does not qualify as an heir gets nothing from the estate. The first step followed by court is to determine the […]
A case at the Dubai Court of Cassation was overturned based on a procedural error by the public prosecutor and police. Al Rowaad Advocates and Legal Consultancy represented a client from an African country who was accused and detained for possession and use of narcotic drugs such as hashish and marijuana. Our client, along with […]
Employees are eligible for Gratuity at the end of completing a full years of service. This gratuity is calculated as 21 days of salary. Salary in this case excludes any allowances for housing or car etc and considers the basic salary of the employee. Both the DIFC Law and the UAE Labour Law No. 8 […]
Banks and financial institutions are a part of everyone’s life. The financial relationship between a person and his bank is government by documents and agreements. In the event of loans, especially mortgages, this relationship is beneficial but can become complicated, especially when issue arises of default. If An individual with a mortgage is a salaried […]
Federal Law No.(3) For the Year 1987 on Passing Penal Code Article No.399: “Shall be punishable by confinement or by a fine any individual who, by using fraudulent practice, assuming a false name or quality, takes possession for himself or for others of any movable property or written instrument, or obtains any signature upon such […]
The United Arab Emirates is regarded as a commercial hub of Middle East, which facilitates in the practice of commercial activities in a lucrative and tax free environment. The legal system endeavors to protect producers and consumers from Trademarks infringement. Trademark infringement is a violation of exclusive rights attached to a trademark without the authorization […]
In a limited liability company the manger can be appointed in the company’s memorandum of association or in a separate agreement. His appointment can be for a limited period or an unlimited period. It can also be stated in the memorandum of association that the manager cannot be dismissed. In the later case, the manager […]
Terms and conditions to be applied when delivering a suspect are set out in Article 7 of Law No. 39 these state that: 1. The crime must be considered an offense, be punishable in both countries and punishment must be imprisonment. 2. The crime that is the subject of extradition must be punishable under the […]
Procedures of the UAE to deliver a suspect of Extradition 1. If there is a convention between UAE and another country for extradition, this will take priority to the UAE International Judicial Corporation Law, where neither of these applies, the National Criminal Law of the UAE will be enforced. Therefore, the procedures of extradition are […]