Question: I have an Asian friend who came to Dubai on a visitor’s visa but he was arrested for inhaling glue. What would the sentence be for such an offence? Answer: Your friend could be sentenced to between one and three years in prison, in accordance with article 40 and 41 of Federal Law 14 of 1995 […]
Question: If someone has chosen a beneficiary for their life insurance policy, does the insurance payout become part of the inheritance after the death of that person or is it only given to the beneficiary? Answer: To answer your question, I need to refer to Civil Transaction Law 5 of 1995 and its amendments, as this law […]
If you are interested to invest in one of the most advantageous jurisdictions and you would like to maintain your 100% ownership and repatriation of capital and profits, then UAE Free Zone is the ideal form for your business.As generally known, UAE is a tax-free jurisdiction and offers three different types of companies as per […]
Question: I have a small company in the UAE and I signed a contract with an international company. The contract states that any dispute that arises from a breach of the contract has to be decided in the court of the country where the international company is based, in the West. However, the contract was signed […]
Question: I received a cheque from somebody and I submitted it to my bank within six months of receiving it. However, it has been returned due to insufficient funds. I know that I could file a criminal or commercial case but is there a time limit when it comes to filing such cases? Answer: You have the […]
Question: A friend of mine gave a cheque to a supplier to deliver goods but the goods were not received. Does my friend have the right to instruct the receiving bank to not cash the cheque? Answer:Unfortunately, your friend cannot do that. Once a cheque has been signed and delivered it is illegal to try to […]
INFOCREDIT GROUP RANKS NO. 4931 ON THE 2018 INC. 5000 EUROPE LIST Inc. magazine ranked Infocredit Group Ltd NO. 4931 on the 2018 Inc. 5000 list of fastest growing private companies in Europe. The Inc. 5000 Europe represents the only comprehensive look at what may be the most dynamic segment of the world’s economy: […]
Blockchain was the technology story of 2017, as the paradigm shift that has been gathering among developers for several years finally hit the mainstream. News organisations have devoted much time […]
Read moreQuestion: Is there any limit to how much alcohol I can buy? Answer: It is important to understand under Dubai alcohol Law of 1972 the purchase of alcohol is restricted to those who have an alcohol license. The license is also required to consume alcohol in UAE. Although alcohol can be purchased in certain licensed hotels and […]
TRUE COST OF AML COMPLIANCE – FINDINGS FROM EUROPEAN FINANCIAL INSTITUTIONS – LexisNexis Risk Solutions, September 2017 EU regulations governing anti-money laundering (AML) compliance continue to evolve, most recently with the EU’s Fourth AML Directive coming into force in June 2017. The expanded focus of this new Directive increases pressure on compliance teams, with significant […]
UAE Private Wealth Series: Legacy Planning Legacy planning is key for all individuals holding wealth and/or in the process of creating value through their business. What are the tools available? What are their core features? How do they differ? The present publication compares some of the most popular legacy planning tools, as well as […]
UAE Immigration Alert The UAE cabinet has announced that expats coming to the UAE to work will need to obtain a “good conduct and behaviour certificate” from the home country(ies) where they have legally resided over the last five years. The certificate will need to follow a specific “UAE-compatible” form – i.e. notarised by Public Notary, legalised by the relevant government […]
