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, and costs associated with it….
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 rarely uphold such doctrine. As…
Jurisdiction means the geographic area over which authority extends; legal authority; the authority to hear and determine causes of action. Jurisdiction generally describes any authority over a certain area or certain persons. A governing law clause expressly sets out the choice of law which applies to the contract, eliminating the need for any preliminary arguments…
A provision in a contract under which one party (or both parties) commit to compensate the other (or each other) for any harm, liability, or loss arising out of the contract. An indemnity is a promise by one party to compensate another for the loss suffered as a consequence of a specific event, called the…
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Last week we were visited by Pavel Gitelman and his team. Our Partners, Ahmed Adly and Angelica Giunasheva have been interviewed for the upcoming movie regarding the legal system in UAE. The movie will be available to watch in January 2023. Watch this space! Stay tuned!
Latest news, legal updates, interviews with us, press releases and much more! We are young and modern, and we love sharing the important and interesting information with you. Watch this speace for the report from our new Cairo office opening, the prestigious events that we attend, industry news and fresh updates of laws in the…