Whether there is a need to restructure a business, to protect assets or simply develop an international presence for a business, one of the ways of doing so, is by opening an Offshore company. There are three authorities in the UAE in which an offshore or International Company can be registered. These are; Jabel Ali […]
The Commercial Companies Law covers the formation and regulation of Branches and Representative Offices of foreign companies in the UAE, and stipulates that they may be 100% foreign owned provided that a local service agent is appointed. A Branch Office that is legally part of its parent company is permitted to perform contracts or conduct […]
The dissolution of a company can result in its termination. The company can be dissolved for a number of reasons: 1. The expiry of the period specified in the Memorandum or the Articles Of Association, unless the period is renewed in accordance with the company’s Memorandum and Articles.2. The objects of incorporating the company are […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Thomas Paoletti of Paoletti Legal Consultant. Thomas has joined as our exclusive Corporate Law Member in the UAE. Paoletti legal consultant provide advice and assistance to customers from any part of the world, taking care especially on the following areas of interest: corporate […]
Some Employees do not know their rights upon the termination of their employment contracts, so the issue has to be carefully considered. Introduction – This article shall elaborate on the duties employer’s regarding registration of employees and the rights of employees after the termination of their labor contracts in the UAE. In general terms, all […]
A webcast presentation by Yann Mrazek (Managing Partner of M/Advocates of Law)on DIFC WILLS & PROBATE REGISTRY (“DIFC WPR”), in force since May 2015: https://stepwebevents.avtclient.co.uk/Yann_Mrazek
M/Advocates of Law is organizing a Dubai Business Forum in Paris on 18 May 2016. A special focus will be provided on the practical use of the UAE for international tax mitigation in a global context. Further insight will be provided on the position of the UAE as a structuring platform and financial hub as […]
Legal Principle Even if a Bill of Lading does not expressly contain an arbitration clause it might refer disputes to arbitration through the charterparty which may include an arbitration clause. The reference to arbitration shall be clear and unambiguous. If arbitration clause so contained covers and may be used to settle the dispute in question […]
Legal Rule Under normal circumstances the general rule is that an arbitration award shall be valid only if signed on all pages by the arbitrator. However the exception to this rule is that the arbitrator’s signature on the last page alone of the award shall suffice provided the last page contains a part of the […]
Legal Principle The waiver of a right to refer a dispute to arbitration could be express or implied. However such a waiver has to be clear and unambiguous so as to avoid doubts about the intent of the party to wave the right. Facts of the case The claimant in this case was a Real […]
Legal Principle In case of annulment of contract containing an arbitration clause the annulment shall extend to all clauses of the contract including the arbitration clause. Facts The plaintiff in the case requested annulment of the contract including its liability to finance and develop building and to take rental value of building for thirty years. […]
1) If the drawer signed a cheque and left it blank, then he is legally authorizing the beneficiary to fill it. Whereby in such case the beneficiary can write any amount he desires on it in addition to its due date, without being challenged by the drawer. 2) Bounce cheque crime can take place in […]