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Whales: Giants of the Ocean
Whales: Giants of the Ocean Whales are among the largest and most remarkable animals on Earth. These marine mammals live in oceans around the world, from warm tropical waters to the cold seas surrounding the poles. Life Beneath the Surface Although whales spend their lives in water, they breathe air through blowholes located on top […]
Landmark Decision: Judge Pierces the Corporate Veil in a Groundbreaking Case
October 2023 Introduction Typically uncommon in the legal realm, MAS Advocates’ litigation team successfully held the shareholders of a company liable for the company’s action, as the judge made the rare decision to pierce the corporate veil. A multinational European Bank has filed a commercial case against the defendant, a petroleum company, before the Sharjah […]
New UAE Commercial Agencies Law
February 1, 2023 New UAE Commercial Agencies Law Over the last year, the United Arab Emirates has been undergoing unprecedented legal reform to modernize many of its laws. In keeping with the aforesaid, Federal Law No. 3 of 2022 on Regulating Commercial Agencies (the “New Law”) was issued. The New Law abrogates the previous 41-year-old […]
UAE Virtual Asset Regulations Cabinet Resolution 111 of 2022
February 7, 2023 UAE Virtual Asset Regulations Cabinet Resolution 111 of 2022
UAE Virtual Asset (VA) Regulations – Full Market Product Regulations
February 27, 2023 UAE Virtual Asset (VA) Regulations – Full Market Product Regulations Following our recent post on Cabinet Resolution 111 of 2022, another milestone introduction by VARA is the Full Market Product Regulations ‘‘FMP Regulations’’ issued by VARA on February 7, 2023. FMP Regulations contain VARA’s VA licencing regulations and took immediate effect in […]
Speaking Engagement
Panel 7 – The Operation of Dubai Courts: Key Principals of Sharia Law and How They Affect International Transactions MAS Advocates is very pleased to be invited for the esteemed Judicial Council – National Bar Association 2023 Mid-Winter Education Program for a thought-provoking panel. Our Chairman Mohamed Alserkal engaged in an insightful discussion on The […]
Enforcing English Judgement
Enforcing English Judgement Recently, the UAE Ministry of Justice (MoJ) issued a letter to Dubai courts stating that the MoJ considers the recent UK High Court decision in Lanker Energy Trading enforcing a UAE judgement, as having satisfied the element of reciprocity under UAE law in evaluating enforcement of English court judgements in the UAE. […]
Successful execution of a DIAC Arbitration Interim Order for costs through the UAE onshore Courts.
Successful execution of a DIAC Arbitration Interim Order for costs through the UAE onshore Courts. MAS Advocates’ litigation team was able to successfully enforce an interim order for costs issued by the arbitral tribunal of DIAC by having the order executed through the Dubai onshore courts. Unlike in common law jurisdictions such as England […]
Landmark Precedent: Moveable Asset Securities Law
Introduction: Federal Law No.4 of 2020 promulgated for Securing the Rights over the Moveable Assets (“Law”) allows creation of pledge over moveable assets viz., tangible and intangible, present and future as security for indebtedness. The Law is relatively new and the courts of UAE have differing views with regard to its interpretation and implementation. MAS […]