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 […]
Federal Law no. (4) of 2020 on Securing Interest with Movable Property
Federal Law No.4 of 2020 promulgated for Securing the Rights over the Moveable Assets (“Law”) repealed the Federal Law No. 20 of 2016 on Mortgaging Moveable Assets as Security for Debts which was amended by UAE Federal Law 24 of 2019 (collectively referred to as “Old Law”). The Law allows creation of security interest over […]
Glimpse – Dubai Family Ownership Law – Guide for Families to Regulate Family Assets
The Government of Dubai has promulgated Dubai Law No.9 of 2020 – Regulating Family Ownership in the Emirate of Dubai (“Law”)[1] with an objective to facilitate easy transmission of assets within the successive family generations (upto the fourth degree) whilst setting out pre-determined legal processes to be followed by such families to avoid legal disputes. […]
DMCC – Pioneering Blockchain & Crypto Currency in UAE
United Arab Emirates has evolved with the developed countries of the world and is one of the few countries that has embraced the new wave of cryptocurrency and blockchain transactions. In 2020, the UAE’s Securities and Commodities Authority (“SCA”) issued Crypto Asset Activities Regulation[1] to regulate the offering, issuing, listing and trading of Crypto Assets […]
Enforcement of UAE Court Judgements in India
United Arab Emirates (“UAE”) and India have executed a bilateral agreement in 1999, namely, the “Agreement on Juridical and Judicial Cooperation in Civil and Commercial Matters for the Service of Summons, Judicial Documents, Commissions, Execution of Judgements and Arbitral Awards” (“Agreement”). This Agreement was ratified by India but not implemented as the details regarding the […]
Legal Glimpse – Authority to Execute an Arbitration Agreement
The UAE has witnessed a rapid and organic growth in arbitration proceedings in the past decade and is becoming a preferred seat for arbitration due to the varied options and jurisdictions available to choose viz.ADCAAC, DIFC/LCIA, DIAC, Dubai onshore arbitration, ad hoc arbitration. read more
Racism & Discrimination Under the UAE Law
Legal Glimpse United Arab Emirates is considered a global center of more than 200 nationalities. And the citizens of the seven Emirates co-habiting and working in this diversed country .. read more
Successful Representation of the Definition of a “Material Reason” under Regulating Commercial Agencies Law – Federal Law No. 18 of 1981, as amended.
Commercial agencies in the UAE manifest in two forms: “registered” and “unregistered”. An unregistered agency agreement would be governed like most other commercial contracts in the UAE by the UAE Law No (5) of 1985 the Civil Transactions Law and the UAE Law No. (18) of 1993 the Commercial Transactions Law. read more