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Dubai Court of Cassation Clarifies Banks’ Liability for Returns on Frozen Accounts and Reaffirms the Prohibition on Compound Interest

Dubai Court of Cassation Clarifies Banks’ Liability for Returns on Frozen Accounts and Reaffirms the Prohibition on Compound Interest

The Dubai Court of Cassation has delivered an important judgment addressing the rights of bank customers whose accounts are frozen pursuant to anti-money laundering investigations and the corresponding obligations of banks to comply with directives issued by the...
Bad Debt Relief under UAE VAT Law: Legal Framework, Conditions, and Practical Implications

Bad Debt Relief under UAE VAT Law: Legal Framework, Conditions, and Practical Implications

Introduction: UAE Mainland vs Free Zone Strategic Guide The implementation of Value Added Tax (VAT) in the United Arab Emirates introduced a structured framework for businesses to account for tax on the supply of goods and services. However, in commercial practice,...
UAE Mainland vs Free Zone: Strategic Legal Guide for Business Setup – investor

UAE Mainland vs Free Zone: Strategic Legal Guide for Business Setup – investor

Introduction: UAE Mainland vs Free Zone Strategic Guide Establishing a company in the United Arab Emirates (UAE) is far more than a procedural formality. It is a strategic legal decision that directly affects ownership rights, tax exposure, operational flexibility,...