B-2-B Dispute Resolution

For some while, the Dubai Department of Economic Development (DED) has had a Commercial Control and Consumer Protection Department (CCCPD), dealing with consumer disputes. However, it has recently set up a new sub-department, called the Business Protection Department (BPD) which will function as a local commercial dispute-resolution and settlement body. In the past, there were numerous disputes among businesses and professionals in Dubai but although…

The UAE Sets Up National Regulatory Shariah Authority

This month witnessed the much-awaited announcement regarding the establishment of a national regulatory authority for Shariah in the UAE which is expected to further promote the overall local Islamic economy. Earlier in May, the UAE cabinet approved the launch of a national regulatory Shariah authority which will be in charge of supervising the Shariah boards of individual banks and…

Mergers and Acquisitions – The Legal Considerations

Mergers and acquisitions, whether from the perspective of the Seller or the Buyer entail considerable preparation, research, adjustment, and due diligence. In most jurisdictions, including the UAE, in spite of the market’s relatively small size, only a minority of mergers and acquisitions successfully conclude without snags. While the legal considerations are varied, there are many…