On February 28, 2022, the Government of Dubai took a leap forward by delving into the increasingly growing sector of virtual assets, with the Ruler of Dubai approval of the first legislation which regulates all kinds of activities, operations, and services related to virtual assets by virtue of Law No. 4 of 2022. This Law entered into force on 11…
Introduction “Hey Siri, what are the odds of winning the lawsuit I filed against my employer who discharged me from work without prior notice?” Do you think that Siri will have the capability one day to answer such type of questions? With technological developments being seen as disrupting all areas of business, streamlining the way we work, most sectors were…
Introduction Coronavirus, characterized and acknowledged as a pandemic by the World Health Organization (WHO) has touched almost every country. Its severe repercussions reverberated across the world, causing substantial socio-economic and psychological impacts such as loss of revenue, disruption of business, global trade deficits, and especially the human quotient aspect of prolonged exposure to stress and health. Borders were closed, general…
Digital Dignity – A Digital Health Pass – Protection vs. Discrimination Introduction Almost two years into a pandemic that claimed the lives of millions, closed borders, applied lockdowns and forced us into a virtual existence. The coronavirus pandemic has reached every country in the world leaving economies and businesses counting the costs. At the end of 2020, we saw several vaccines being proposed…
The United Arab Emirates (“UAE”) is a leading modern jurisdiction providing on-shore, off-shore and free zone company solutions. Located in one of the seven emirates in the UAE and only an hour away from Dubai’s International Airport, the Ras Al Khaimah International Corporate Center (“RAK ICC”) is an international corporate registry. This registry supports the setting up and structuring of…
CVML announced today that Hisham Oweiss, former General Counsel, Head of Compliance, Government Affairs, and Public Policy at Samsung Electronics MENA Headquarters has joined the firm as a partner and head of TMT in the Dubai office. Hisham brings over two decades of private practice and in-house experience to the Paris-based firm’s Dubai office, having previously served in a number of senior…
Since Anti Money Laundering (AML) and compliance regulations became a global necessity for a law risk rating, most of the countries including UAE require their local bodies; entities and individuals to comply with related regulations, especially these of which issued by the central banks. The accelerating development in Technology, especially in FinTech and Blockchain, require countries to continuously update their…
When considering a joint venture in the UAE, the jurisdiction to incorporate the JV corporate vehicle and the applicable laws, along with the dispute resolution forum that will apply to such corporate vehicle, ought to be prudently thought-out. In this article we list the salient points to consider in a similar scenario: Different classes of shares – Is it necessary?…
