Introduction:
In commercial transactions, the process of recovering debts owed by companies may sometimes necessitate legal intervention. Under Federal Decree-Law No. 42/2022 on Civil Procedure Law, specific procedures are outlined for the issuance of execution orders against corporate debtors.
Understanding
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Legal Recourse for Privacy Violations and Nuisance by Neighbors in the UAE
Introduction:
In the UAE, community living is a common lifestyle choice, encouraging a sense of togetherness and shared experiences. However, this closeness to neighbors can sometimes lead to challenges, especially concerning the safeguarding of privacy and the peaceful enjoyment of…
Know Your Rights and Legal Remedies: Understanding Air Passenger Rights under UAE Law
Introduction:
Air travel has become an indispensable part of modern-day life, offering convenience and efficiency for millions of passengers worldwide. However, with this convenience comes the responsibility of ensuring the safety and protection of passengers’ rights. Under Federal Decree-Law No.…
Navigating New Rules: Challenges for Investors and Banks in UAE Banking Law Amendments
Introduction:
The Federal Decree-Law No. 14/2018 on the Central Bank and the Organisation of Financial Institutions and Activities, along with its recent amendments outlined in Federal Decree-Law No. 54/2023, has introduced significant changes impacting both investors and banks. Among these…
Understanding the Ultimate Beneficial Owner in UAE Businesses: Insights from Cabinet Decisions No. 109/2023 and No. 132/2023
In recent years, the UAE has taken significant steps to enhance transparency and combat financial crimes within its business landscape. Central to these efforts is the identification and regulation of Ultimate Beneficial Owners (UBOs) of businesses operating within the UAE.…
Regulating Unlicensed Virtual Asset Providers: A Comprehensive Guide
Introduction:
In recent years, the world has witnessed rapid growth in the popularity and adoption of virtual assets, including cryptocurrencies, non-fungible tokens (NFTs), and various other digital assets. With this rise, however, comes the demanding need for robust regulation to…
A Comprehensive Overview of the 2023 Commercial Fraud Law
Introduction:
UAE introduces Federal Decree-Law No. 42/2023 to Combat Commercial Fraud, repealing Federal Law No. 19/2016, and emphasizing a comprehensive legal framework. The new law aims to protect consumers, preserve goods’ integrity, and promote fair trade practices in the UAE.…
UAE Issued New Penalties Under the Consumer Protection Law
Introduction:
The Ministry of Economy in the UAE has recently introduced a comprehensive list of violations under Cabinet Decision No. 66/2023 concerning the Executive Regulation of Federal Law No. 15/2020 on Consumer Protection. Federal Law No. 15/2020 regarding Consumer Protection…
Stay Aware: Copyright Guidelines for Theatre Recordings
Introduction:
In today’s digital age, where smartphones and cameras are common, capturing moments through videos or photos has become second nature. However, it’s important to be aware of copyright laws, especially when recording inside theatres during live performances. Federal Decree-Law…
Liquidation of Companies Under UAE Law: A Comprehensive Guide Based on Federal Decree-Law No. 32/2021 on Commercial Companies
Introduction:
The liquidation of a company is a pivotal process governed by legal regulations in the UAE. Understanding the intricacies of liquidation proceedings is essential for stakeholders involved in company dissolution. Federal Decree-Law No. 32/2021 on Commercial Companies defines the…