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VAT REGISTRATION in the UAE ‘The Federal Tax Authority has announced the time-limit for companies to register for VAT in the UAE.’ Companies should register for VAT before 31 October 2017. The Federal Tax Authority (the Authority) recently announced that companies and MNCs with a turnover exceeding UAE Dirhams one…
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Da Ta Da - Fair Dealings & Copyright Laws Have you ever bumped into someone when walking on the street because you were using your phone? Or maybe you tried to stifle your laughter when you saw someone else hit a pole or a glass window because they were so…
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Mr. DEBT’s hello to Mr. DAMAGE: Case Analysis on Freight Industry Suppose an individual has borrowed a specific sum of money against an asset of a reciprocal value as security. However, the debtor fails to fulfill his obligation; and subsequently, the creditor exercises his lien and disposes of the former’s…
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Boarding Complete: An Islamic Rendering Part II of IIIn our previous issue, we discussed the Shariah principles of ijara, simple ijara, ijara wa iqtina, ijara mawsufa fi al dimmah, istisna’a, and how ijara and mawsufa fi al dimmah work. Our attorney’s had detailed the different types of leasing provided by…
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MAN, the Law, and Algorithms! “Computers will overtake humans with Artificial Intelligence within the next 100 years. When that happens, we need to make sure that computers have goals aligned with ours.” Stephen Hawking A few years ago, I used to take the morning bus to reach…
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Дипломатия и Международный Суд ООН: Анализ (Часть I из II) «Мир стоит дорого. И его цена – дипломатия. Мы все можем догадываться, кто платит эту цену, но иногда не можем себе представить ее размер.» Отдел международных отношений, юридическая компания STA. Древнейшее свидетельство дипломатических отношений относится к 1259 году до нашей…
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Keeping it Simple: Federal Law Number (8) of 2017 on Value Added Tax The UAE governing law regarding VAT is the Federal Decree-Law Number (8) of 2017 (the Law). According to Article (1) of the Law defines Value Added Tax as ‘tax levied on import and/ or supply of…
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Note Unnote - Recent Developments in Indian Companies Act This line was added at the last minute. Before adding this line, the title to this article was changed. Just in case you were thinking that there’s no word such as ‘unnote’, believe me – there is. It means not noting;…
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Boarding Complete: An Islamic Rendering Part I of II Islamic Principles not only lay guidance on the relationship between man and God but also provide directives on a system of transactions for dealings between man and man to lead a life in an Islamic way. Such Islamic jurisprudence referred to…
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ATT(H)ack- Anti-Cyber Crime Law in Saudi Arabia “Cyberterrorism could also become more attractive as the real and virtual worlds become (tightly) coupled, with automobiles, apps, and other devices attached to the Internet.” - {C}{C}{C}{C}Dorothy Denning The clandestine and privacy advantages, the information superhighway, and the possibility to buy your plane…
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Share Unshare – The 51:49 rule in UAE on Share Distribution in LLCs Profit is not the (only) legitimate purpose of (any) business. The legitimate purpose of business is to provide a product or service that people need and do it so well that it’s profitable. {C}- {C}{C}{C}{C}James Rouse Paula…
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ThREAT - THE ROLE OF COERCION UNDER UAE LAW It is almost universally accepted, both in law and with consideration of morals that agreements entered into under coercion cannot, at all, be considered binding. Thus one is not obligated to keep, and the law will not enforce, a contract you undertake to…
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FIDIC AND ENAA: COMPARISON Part II of II In our previous issue, we discussed FIDIC and ENAA forms which are an internationally recognized and utilized form of contracts and the general comparisons between them. Our attorneys had also detailed the requirements of data accuracy, and other conditions of companies. Although,…
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Maritime Arbitration- Legal Perspectives Courts can no longer individually address the issue of conflict resolution and as such the modern business world requires an alternative means of conflict resolution to meet its demands. A need arises for a legal mechanism through which parties can resolve their disputes quickly, fairly, efficiently,…
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