Rebuilding Trust Between The Contractors and Developers In The UAE

With Dubai’s recovery from the last property bubble burst being now tangibly felt, are there any lessons to be learnt  from the events that lead to an unprecedented increase in construction disputes? Antonios Dimitracopoulos, Partner and Head of Construction with Bin Shabib & Associates, examines how lack of trust is essentially the cause of  damaged relationships…

The Dubai International Financial Centre Arbitration Law

The DIFC, Dubai’s, Common Law jurisdiction has recently amended  its arbitration law in order to expand the jurisdiction of its Courts with regard to staying proceedings in favour of arbitration. Antonios  Dimitracopoulos, Partner and Head of Arbitration at BSA Ahmad Bin Hezeem & Associates LLP, DIFC, looks at the long term repercussions of this  recent development,…

2014 Q1 Review – Sector Spotlight On The Current Climate In Dubai

The global economy has experienced much uncertainty in recent years, however 2014 is predicted to be much healthier. Both Michael and Nadim have witnessed this up-tick. “We have definitely experienced an increase in activity through the first quarter of 2014,” says Michael. “Dubai has especially felt this surge in activity with the announcement in late 2013 of…

Corporate Governance Laws

Corporate governance is the underlying set of principles by which good business practices are conducted in the country. The hallmark of good corporate governance is the balance of entrepreneurship, control and transparency while supporting a company in the efficient decision making processes. Nadim Bardawil discusses their impact on businesses. To read full article CLICK HERE and…

Country Report: Unpopularity of Islamic Banking In Lebanon

Beirut-based Lebanese Islamic Bank started offering Shariah compliant services in 2005 by offering adequate and effective Shariah compliant alternatives to conventional banking products and services. However, ethics alone may not be enough to help the industry reach its full potential. Competing with conventional finance may prove difficult when there is no global standard in Islamic…