Although there is no separate bankruptcy law in Oman, both the Commercial Code of 1990 and the Commercial Companies Law of 1974 provide a framework for the bankruptcy of traders and liquidation of insolvent companies. Under the laws of Oman, bankruptcy of a person must be declared by the Court. Article 579 promulgates that, “Every…
With the Sharia Law, Federal Law, the law of individual Emirates and freezones all coming into play, UAE Inheritance Law can be complicated. Edouard Salwan, Senior Associate contributes to Emirates Law expert panel, and explains its impact on Emiratis, Muslim and non-Muslim expatriates with property and joint ventures in the Emirates. “To understand how succession and inheritance…
The main goal of any wealth management and succession planning is to preserve the family legacy and family owned and operated businesses. The regulatory framework of succession planning in the UAE includes both civil and Islamic law principles. However, as the DIFC has its own independent jurisdiction within the UAE, it is also empowered to…
Abdullah Ishnaneh, Partner in our Litigation department contributes to The Legal 500 & The In-House Lawyer comparative legal guide , which is country specific Q&A, providing an overview of litigation in UAE. The guide covers methods of resolving disputes, details of the process and the proceedings, the court and their jurisdiction, costs and appeals and…
In 2014 Oman promulgated, by Royal Decree No. 66/2014, the new Consumer Protection Law setting out the general requirements for consumer protection and aiming to combat monopolistic behavior towards consumers. Furthermore, in March 2017 the Public Authority for Consumer Protection (hereinafter, the “PACP”) issued Decision No. 77/2017 (hereinafter, the “Regulation”) aimed to supplement the above…
The Saudi Arabian Bankruptcy Law complies with the best international practices and gives Saudi Arabia a legal infrastructure to deal efficiently with companies that get into financial difficulties, paving the way to achieving financial stability while simultaneously benefiting both creditors and debtors. The article discusses preventative settlement, financial reorganization and restructuring, liquidation process, as well…
Overview The general principles, which govern the maintenance obligations of a landlord and tenant in the UAE, are set out in Federal Law No. 5/1985 referring to the Civil Code, and further amplified in the laws of the individual Emirates. The general principles are further amplified (concretised) in the tenancy contract signed by the landlord…
Munir Suboh, Head of IP, discusses with the World Intellectual Property Review, how patents are registered in the UAE , how to secure trademark rights and what protection do they grant. The article highlights the key threats to trademark owners and suggests the best strategy for dealing with infringement and counterfeiting. Read full article here
Recent legislative changes in Dubai have been put in place to change the scope and way in which health is regulated, products are licensed and priced and the health care insurance schemes in the Emirate are run. Michael Kortbawi & Raghad Hammad examine the impact of these changes. Read full article here.
With the increasing use of social media, employers need policies which provide guidelines and recommendations for their employees when using it. Munir Suboh discusses the recent developments of UAE’s National Media Council and the recent decision it issued, which aim to provide governance measures on: online advertisements, product placement, and commercial activities posted on social…