The United Arab Emirates, more particularly the Emirate of Dubai, is one of the world’s leading business hubs around the globe. Operating a business in the UAE requires adherence to compliance with the laws and regulations, which ensures the legal protection and goodwill of your business. At Al Adly &
A Joint Venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a JV, each of the participants is responsible for profits, losses,
A time-bar (or a statute of limitations as known under common law jurisdictions) is a statutory time limit for the enforcement of a civil claim through legal proceedings. As such a time-bar normally does not eliminate the claim, but it offers the other party an effective defence against its enforcement,
A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed at death and names one or more persons, the executor, to manage the estate until its final distribution. Though it has at times been thought that a “will” was
Meaning “superior force”, also known as cas fortuity or casus fortuitous “chance occurrence, unavoidable accident” is a common clause in contracts that essentially frees both parties from liabilities or obligations when an extraordinary event or circumstances beyond the control of the parties, such as war, strike, riot, crime or an
It refers to a situation in which courts put aside limited liability and hold a corporation’s shareholders or directors personally liable for the corporation’s actions or debts. As a general rule and as enunciated in a plethora of cases, piercing the corporate law under the United Arab Emirates law has limited applicability, and courts
