As part of a string of legislative reforms in the Kingdom of Saudi Arabia (“KSA”), the Saudi Arabia Royal Decree No M/05/2018 dated 13/02/2018) (the “KSA Bankruptcy Law”) comes as a boost to the continued growth of the KSA economy and the increase of foreign direct investment. Before the issuance of the KSA Bankruptcy Law, the general…
Throughout the UAE, a common frustration exists with insolvencies due to its time-consuming nature and significantly low recovery rates, which stemmed from the outdated governance of insolvency that made it an offence for a company to fail to petition for bankruptcy within 30 days of the date of suspension of payment of its debts, and…
The United Arab Emirates (UAE) is one of the most attractive business markets on earth. However, setting up a business here can be rather tedious if you are not familiar with the country. The UAE requires a particular method for setting up a company which should not take long once you have all the required…
Blockchain, developed in response to the emergence of cryptocurrencies, is an ever-growing list of records that irreversibly stores all details of transactions, once a transaction has been completed it forms part of the blockchain permanent database. The blocks are linked and secured using cryptography, ensuring that they remain tamper-proof and safe from hacking. The data…
Abdullah Alanezi, Partner and Head of our Riyadh office in Saudi Arabia, wrote a review of aviation contracts in the United Arab Emirates and Saudi Arabia with regards to companies’ and consumers’ interests on this matter. Read Abdullah’s article published in Lexis Middle East Law Alert, February/March 2018 edition, here.
This guide offers the reader a comprehensive overview of employee monitoring in the UAE, highlighting what merits an employer has to monitor their employee. The guide highlights the legalities of monitoring using different communication mediums, including CCTV, biometrics, device monitoring and covert surveillance. It also gives a brief overview on employee access rights and penalties.…
Business practices are changing. Markets are becoming more global and employees are on the move around the world. Employees are key assets driving sales, productivity and profit over different markets. It is therefore vital that your non-compete agreements keep up with these changes to protect your business. This is a challenge when the legal framework…
Dubai Law 19 of 2017, amends Article 11 of Law 13 of 2008, (which was previously amended by Law No 9 of 2009), will affect those purchasers who, having purchased a unit off plan, breach the sale agreement. The new law has provided further requirements and more detail to the procedures which a developer is…
ICLG’s Real Estate 2018 guide covers common issues in real estate laws and regulations – including ownership, real estate rights, system of registration, the registry/registries, real estate market and liabilities of buyers and sellers in real estate transactions – in 27 jurisdictions. John Peacock, a Senior Associate in our Dubai office, has contributed the United Arab…
As the use of blockchain technology increases in the UAE, Nadim Bardawil, Senior Associate in our Dubai office, looks at how it is being used in the Emirates and the legal questions it is raising. Read more on page 47