Economics

CanAm Enterprises Announces the 37th EB-5 Partnership Loan Repayment

The $40 million EB-5 loan through CanAm’s New York Metropolitan Regional Center helped fund the first phase of construction of the Gulfport Marine Terminal. Subsequent phases of the construction project are well underway with nearly 2 million square feet of industrial logistics center space completed. The construction of the Gulfport Marine Terminal has created 1,671 jobs within the geographic...

Cryptocurrency extinction. What projects will survive and continue their development?

Summing up the results of 2018, it can be said with confidence that the hype surrounding the cryptocurrency market, from the peak at the end of 2017, has finally ended. That depressing picture that we now see - is the real condition of the market: many ICO projects either deceived their investors or have already spent invested money and need additional funding; many projects failed their given...

Challenging Tax Assessments With No Committees Formed

By: Dr Abdul Wahab Abdool, Senior Partner Mahmoud Abuwasel, Partner

إطلاق مجوهرات أميرة لمجموعة مجوهرات اليوم الوطني خلال حفل إفتتاح معرض أبوظبي

  كشفت مجوهرات أميرة عن مجموعتها الحصرية والمحدودة " الإتحاد" ، وهي مجموعة مميزة من المجوهرات ذات التصاميم يدوية والمخصصة للاحتفال بالعيد الوطني ال47 لدولة الإمارات العربية المتحدة ، وذلك خلال الحفل الحصري الذي أقامته بمناسبة افتتاح معرضها في مركز المارينا في أبوظبي.     حضر الحفل لفيف من كبار المشاهير والمؤثرين في دولة الإمارات العربية المتحدة، وتم الكشف عن المجموعة تحت إشراف الممثلة...

Amira announces National Day collection at Abu Dhabi Launc

UAE’s bespoke jewellery brand, Amira, unveiled their limited edition “Unity” collection during the exclusive event held at their outlet in Marina Mall, Abu Dhabi. The handcrafted, unique designs of the collection pay tribute to the nation leading up to the 47th National Day celebrations. During an event attended by UAE’s leading celebrities and influencers, the collection that was maintained...

Amira launches exclusive Unity Collection for 47th UAE National Day

On the occasion of UAE’s 47th National Day, home grown brand Amira Jewels launches, in the spirit of the union, the exclusive, limited edition “Unity” collection celebrating and honoring the glory of the nation. The Unity collection consists of three handcrafted, one-of-a-kind designs, each reflective of a unique characteristic that defines the UAE but all a tribute to the bond that connects the...

Amira launches exclusive Unity Collection for 47th UAE National Day

On the occasion of UAE’s 47th National Day, home grown brand Amira Jewels launches, in the spirit of the union, the exclusive, limited edition “Unity” collection celebrating and honouring the glory of the nation. The Unity collection consists of three handcrafted, one-of-a-kind designs, each reflective of a unique characteristic that defines the UAE but all a tribute to the bond that connects...

فض المنازعات في قانون الإستثمار الأجنبى المباشر

By Bin Nakhira Partners  د. فيرناندو أورتيغا , عز الدين عثمان  

Dismissal of an LLC Director

Limited liability companies are managed by one or more director as determined by the partners in a company’s articles of association. The director(s) could be partners or third parties. If a particular director is not appointed/stated in company’s articles of association, he could be appointed during a General Assembly. A director generally has all powers required to manage and bind the...

Finablr acquires majority stake in digital gifting platform Swych

Swych is now part of Finablr’s platform Deal strengthens opportunities for partnerships and growth in the digital gifting industry   Abu Dhabi, UAE and Plano, TX; November 12, 2018 – Finablr, a global platform for Payments and Foreign Exchange solutions, has increased its stake in Swych, a digital gifting platform, with a follow-on Series B investment to become a majority shareholder. With...

Real Estate Register Law: Supreme Legislation Committee’s Explanatory Note on Article 11 – Part 3 of 3

In Part 1 and Part 2 of this series, we discussed the development of the Law No. 13/2008, its amendments and interpretations up until the promulgation of Law No. 19/2017, we turn in this episode to the judicial application of Article 11 prior to commenting on the interpretation. Judicial Application: As elaborated on in the explanatory note, the jurisprudence in the interpretation and...

Real Estate Register Law: Supreme Legislation Committee’s Explanatory Note on Article 11 – Part 2 of 3

As we proceed into Part 2 of this series, it is necessary to elaborate on the Supreme Legislation Committee, the entity that issued the explanatory note. The Supreme Legislation Committee in the Emirate of Dubai is a committee established by Decree No. 23/2014 issued by His Highness the Ruler of Dubai on 9/6/2014. The Decree stipulates in Article 2(2): “The Supreme Legislation Committee will...

Real Estate Register Law: Supreme Legislation Committee’s Explanatory Note on Article 11 – Part 1 of 3

On July 5th, the Secretary General of the Supreme Legislation Committee sent a letter to the Managing Director of the Dubai Courts, accompanied by the Explanatory Note to Law No. 19/2017 and its amendment to Article 11 of Law No. 13/2008. Article 11 addresses the rules and procedures to be adopted in case the purchaser violates his obligations to execute the off-plan sale contract concluded...

IAS MEDIA APPOINTED AS FNG MEDIA SALES REPRESENTATIVES FOR FNG PAY-TV CHANNELS IN THE MENA REGION

IAS Media announced today that it has been appointed by Fox Networks Group Middle East (FNG) as their Media Sales Representatives in the MENA Region for their Pay TV channels FOX, Fox Movies, Star World, Star Movies, Fox Crime, Fox Life, Fox Rewayat, National Geographic, Nat Geo People and Nat Geo Wild. FNG Middle East, established in 2008, produces and distributes pay channels in standard and...

Joyalukkas Exchange wins Best Strategic Customer Loyalty Program Award 2018

Joyalukkas Exchanged bagged the prestigious Best Strategic Customer Loyalty Program Award – 2018 in the Middle East’s Customer Happiness Summit and Awards.  On behalf of Joyalukkas Exchange, Mr. Marish Karna, Manager - Business Process, received the award from Mr. Hans Sandee, Netherlands' Consul General in Dubai.  The event took place at H Hotel, Dubai on 18th October 2018.   Speaking on the...

Joyalukkas Exchange wins Best Strategic Customer Loyalty Program Award 2018

Joyalukkas Exchanged bagged the prestigious Best Strategic Customer Loyalty Program Award – 2018 in the Middle East’s Customer Happiness Summit and Awards.  On behalf of Joyalukkas Exchange, Mr. Marish Karna, Manager - Business Process, received the award from Mr. Hans Sandee, Netherlands' Consul General in Dubai.  The event took place at H Hotel, Dubai on 18th October 2018.   Speaking on the...

قانون تنظيم السجل العقاري : تعليق على المذكرة التفسيرية للمادة 11 من القانون رقم 19 لسنة 2017 – الجزء الثالث

بعد ان تناولنا في الحلقة السابقة تطور المادة موضوع التفسير وما طرأ عليها من تعديلات إلى ما قبل صدور القانون رقم 19/2017، ندلف في هذه الحلقة إلى التطبيق القضائي لهذه المادة في ظل القوانين المشار إليها، وذلك تمهيداً للتعليق على التفسير. التطبيق القضائي: كما ذكرت المذكرة التفسيرية، فقد شهد الاجتهاد القضائي في تفسير وتطبيق المادة 11 من القانون رقم 13/2008، بما طرأ عليها من تعديلات، شيئاً من...

قانون تنظيم السجل العقاري: تعليق على المذكرة التفسيرية للمادة 11 من القانون رقم 19 لسنة 2017 – الجزء الثاني

اللجنة العليا للتشريعات وتطور المادة موضوع التفسير: لا بد من البدء بإعطاء فكرة عن اللجنة العليا للتشريعات، والتي صدرت عنها المذكرة التفسيرية. اللجنة العليا للتشريعات في إمارة دبي هي لجنة منشأة بموجب المرسوم رقم 23/2014 الصادر عن صاحب السمو حاكم دبي بتاريخ 9/6/2014، وقد نص المرسوم في المادة 2-2 على:- ” تنفرد اللجنة دون غيرها بكافة المسائل المتعلقة بالتشريعات في الامارة، …….إلخ.” وقد حددت...

قانون تنظيم السجل العقاري: تعليق على المذكرة التفسيرية للمادة 11 من القانون رقم 19 لسنة 2017 – الجزء الأول

مقدمة: بتاريخ 5/7/2018 أرسل الأمين العام للجنة العليا للتشريعات خطاباً إلى سعادة مدير محاكم دبي، أرفق معه المذكرة التفسيرية للمادة 11 من القانون رقم 19/2017 التي تضع 11 ضوابط صارمة وإجراءات واضحة يجب إتباعها في حال إخلال المشتري بالتزاماته تجاه المطور الذي باعه وحدة عقارية على الخارطة. وكما جاء في المذكرة فإنها أتت بناء على طلب تفسير مقدم من محاكم دبي، ويبدو أن الحوجة إلى هذا التفسير نبعت من...