Malpractice claims can prove to be a financially risky proposition. Michael Kortbawi and Barry Greenberg compare the professional liability landscape in the US and the UAE. The necessity of obtaining Professional Liability Insurance (PL Coverage) is a component of any prudent professional’s business plan. This article compares and contrasts the PL coverage landscape in the…
A panel discussion on regulation took an interesting turn at the fifth annual Middle East and Africa Summit that was held in Dubai recently – a premium report. Regulations – are they a boon or bane to the industry? A panel discussion recently debated on the merits and demerits of regulations recently at the fifth…
The United Arab Emirates has well and truly bounced back from the financial crisis on 2009-2010. Infrastructure construction has returned to full swing, while M&A deals abound, which means more work for law firms both in terms of deals as well as the resulting arbitration and litigation. Ranajit Dam investigates. Jimmy Haoula speaks to ALB…
A review of the legal and regulatory framework governing the licensing and importation of telecoms equipment in Saudi Arabia. The telecommunications sector is a vital component of any economy and has gained further significance in this digital era where commercial and financial transactions of all sorts rely primarily on effective and efficient telecommunications networks, infrastructure and equipment.…
‘Ten years on and Erbil has evolved from a backwater to a modern-day boomtown’ spoken of in laudatory profiles in the international press. Oil rich, stable and with its own military and government, Iraqi Kurdistan boasts a mix of both security and growth and attracts nowadays thousands of foreign and Kurdish-owned companies. Erbil is considered…
Being a senior professional in one of the leading regional law firms, I have worked and still working in a male dominant environment. I have been surrounded by men at all stages of my career which is extremely normal and expected in the Middle East. When I was asked to talk about the main challenges…
France and the United Arab Emirates are two key business partners. Approximately 350 subsidiaries of French companies are estimated to be settled in Dubai, whilst figures of the French presence in other Emirates has also been growing at a constant pace for more than ten years. The UAE can be appealing to French individuals as…
In the past month, a number of achievements have been announced on a regional and global level with regards to the Islamic finance industry. The nature of the progress we are witnessing in this sector, especially in the MENA region, is remarkable as governments and regulators start to actively work on enhancing the regulatory and…
Forfeiture’ or ‘liquidated damages’ clauses feature in many commercial agreements, and more commonly in joint venture contracts in the oil and gas exploration and construction sectors. They are common in GCC contracts but the approach differs to common law jurisdictions. Most construction contracts contain a provision for liquidated damages to be paid in the event of…
The past month witnessed the announcement of several pieces of groundbreaking news fostering the growth and presence of Shariah compliant products in the Middle Eastern market. The latest developments are pushing hard at the limits and boundaries of the Islamic finance industry as serious new players are coming on board. Goldman Sachs Sukuk: Goldman Sachs…
