GDPR COMPLIANT OR NOT? Introduction On 25 May 2018, General Data Protection Regulation (the GDPR) will come into effect in European Union. It is the most significant transformation to the landscape of European data protection in the past twenty years. Upon the enactment of new GDPR law, all the…
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Digital platforms, Ecommerce Marketplace and their terms of use: Does it matter? The many digital platforms are transforming almost every industry today; it is swiftly becoming apparent that the similar looking terms of use and privacy policies currently applicable may not provide new entrepreneurs or platform users with an adequate…
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Ping!You got a Notification* “Internet is a place where nothing ever dies.” A touch is all you need to show the world your piece of art and to be liked by the viewers. Facebook posts, Instagram new filters improving your images, Snapchat 10 seconds stories to score social kudos.…
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Securitization: An Overview Introduction Securitization is a powerful financial tool that renders possible the profitability of illiquid assets. We all agree that securitization contributed to the 2008 Financial Crisis, demonstrating how this powerful business instrument is a double-edged sword: it is capable of both boosting and devastating an economy. The…
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THE REACH OF TERRITORIAL JURISDICTION PART I Introduction The UAE follows Civil Law in their legal system and the primary laws governing the jurisdiction of courts is regulated by Federal Law Number 11 of 1992 the Civil Procedural Law (the Civil Procedures Law) and Federal Law Number 35 of…
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Are You Offended or is it Freedom of Speech? “Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties.” ―John Milton, Areopagitica We are always encouraged to voice our thoughts and to use the liberty of freedom of speech. However, can we…
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A Global analysis of franchise agreement “Isolation is not possible. Globalization is inevitable and beneficial.” Introduction Do you wish to establish an attractive business model to distribute goods and services globally? Does your company have a brand image in the market and hopes to expand? Do you have a unique…
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LAWS OF THE GAME- A GLOBAL OVERVIEW (PART 1) “Sports don’t build character. They reveal it.” -Heywood Broun When Oscar Pistorius won the 2004 Summer Paralympics in Athens,, he became the first athlete to win a gold in a single below-knee amputee championship even though he medically qualifies as a double…
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Real Estate Investment In Abu Dhabi Introduction PLANNING TO PURCHASE A PROPERTY? # Things to Know 1. Conduct due diligence on both, the seller and the property before signing the documents. 2. Verify the details of the property at the Abu Dhabi Municipality. 3. Consult a property or real…
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Anti Fraud Law in the UAE The United Arab Emirates recently enacted Federal Law Number 19 of 2016 concerning Combating Commercial Fraud (the Anti-Fraud Law or the Law) has replaced the erstwhile Federal Law Number 4 of 1979 dealing with the Concealment of Fraud and Deception in Transactions commercial in…
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NEW BANKRUPTCY LAW IN THE UAE Since the time of its promulgation in the year 2016, the Bankruptcy Law has been widely discussed and deliberated on. The enactment of Federal Law Number 9 of 2016 (the New Law) has been critical in light of the volatile oil market across the…
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Preventive Principle and Extension of Time Time and again we have discussed the level of dynamicity in the sectors and industries such as construction, maritime, cryptocurrency and the like. Today, we are going to analyze why these areas in specific are comparatively more dynamic than others – mainly because projects…
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Pharmaceutical Industry in the UAE 1. What are the primary laws and regulations governing pharmaceutical companies in the United Arab Emirates? The primary piece of legislation governing pharmaceutical companies in the United Arab Emirates is Federal Law Number 4 of 1983 concerning the Pharmaceutical Profession and Pharmaceutical Institutions (the Pharmaceutical…
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An Overview of the UN Convention on Contracts for the International Sale of Goods If a company in the United Arab Emirates wanted to buy authentic leather abroad, most likely they would start looking for sellers in Italy. Considering that they find such an Italian company, the first step in…
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