After 100 days in effect, people and companies alike seem to be coming to terms with the payment of Value Added Tax (“VAT”). There is one area though where there still seems to be some confusion and that is with Tax Invoices issued by retailers which are more commonly known as “Till Slips”. John…
Michael Kortbawi and Raghad Hammad contribute to the UAE Chapter of The Legal 500: 2nd Edition Insurance & Reinsurance Comparative Guide. This country-specific Q&A gives a pragmatic overview of the law and practice of insurance & reinsurance law in the United Arab Emirates (UAE). It addresses topics such as contract regulation, licensing, penalties, policyholder protection, alternative dispute resolution as well as personal insight and opinion…
This Chapter is the cornerstone for claims for professional negligence in the United Arab Emirates (UAE). Gross negligence is not defined in the UAE Civil Code; however, the wording of Article 383 of Federal Law No. 5 of 1985 on the Civil Transactions Law of the United Arab Emirates (UAE) indicates if the conduct is…
by Antonios Dimitracopoulos After what is understood to have been very lengthy and thorough deliberations, on 3 May 2018, Federal Law No 6 of 2018 concerning arbitration (i.e. “the New Arbitration Law”) was issued, taking force and effect a month after its publication in the Official Gazette. The New Arbitration Law repeals Articles 203…
Les levées de fonds en monnaies numériques sans cours offi ciel se multiplient. En un an, les fonds levés, qui se chiffrent en milliards, ont été doublés. Comment appréhender les enjeux juridiques et judiciaires de ces opérations, en l’absence de tout cadre légal? Lire l’article ici.
by Michael Kortbawi The recent Zen Tower fire in Dubai Marina is the just the latest in a spate of high profile tower fires to sweep the city in recent years – Tamweel Tower in JLT in November 2012, the ironically named Torch Tower in Marina in February 2015 and once more in August…
John Peacock, Head of Tax and Conveyancing at BSA’s Dubai office wrote an article for Emirates Law (published in the April 2018 edition) comparing the implementation of VAT in the United Arab Emirates and the Kingdom of Saudi Arabia. As the GCC countries start to move away from the oil-based economy models, they introduce…
First published on Whatson.ae So you’ve moved to Dubai and you’ve landed a sweet new job. You’re telling your mates about all the great perks – but as you compare notes with your fellow expats, you soon realise you might have missed out on a big one. Does your company have to pay for a…
Global commerce depends, to a very great extent, on the relationships between manufacturers and suppliers on the one hand and their distributors and commercial agents around the world on the other. These relationships are the linchpin to moving goods and services to new markets around the world and they are governed, not only by…
John Peacock, Head of Indirect Tax and Conveyancing, and Tyne Hugo, Associate, wrote a comprehensive step by step process on how to register for VAT in UAE. The UAE VAT regime was implemented on 1 January 2018 putting into operation Federal Decree-Law No 8/2017 on Value Added Tax and Cabinet Decision No 52/2017 on the…