Understanding Free Zones: What Are They? The free zones in UAE are specific geographic areas within the country that function under a distinct framework of economic and business incentives that is separate from the rest of their governing domains. These zones actively...
Legal Duties and Obligations of Directors in a UAE Limited Liability Company For this reason, most businesses in the UAE are limited liability companies (LLCs). Perhaps the biggest plus of an LLC is its limited liability laws, which protect shareholders’ personal...
The United Arab Emirates (UAE) has recently implemented its first federal law on factoring and receivables assignment following a number of previous announcements regarding this area, with the UAE’s UAE Factoring Law, Federal Decree-Law No. 16 of 2021 on Factoring and...
In the complex world of business partnerships, disputes can arise even among the most well-intentioned collaborators. These conflicts often stem from disagreements over profit distribution, management decisions, or alleged breaches of fiduciary duty. This blog post...
Article 65 of the Federal Penal Code holds juridical persons, except governmental agencies, accountable for criminal acts committed on their behalf or in their name by their representatives, directors, or agents. Under Dubai criminal law, if a corporation is convicted...
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