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Force Majeure: Why Your Business Continuity and Disaster Recovery (BCDR) Clauses Matter

Ensure your business thrives amidst disruptions with robust Force Majeure clauses and comprehensive Business Continuity and Disaster Recovery (BCDR) strategies. Learn how to integrate these for resilience and operational continuity.

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Fintech Frontiers: Legal Landscape for Innovation and Sandboxes in The UAE

The UAE offers a dynamic environment for fintech innovation, with various regulatory bodies like the Central Bank of the UAE, ADGM, and DIFC providing supportive frameworks. These include sandboxes and special licenses to facilitate the development and testing of fintech solutions in a controlled setting. However, fintech companies must navigate challenges related to stringent regulatory requirements, data protection, and anti-money laundering compliance.

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Extension of Time Claims Under Fidic Form- Failure to Inform Claims on Time Results In A Loss Of Entitlement Under The Fidic Form

Under the FIDIC Red Book, Sub-Clause 20.2.1 mandates that both employers and contractors provide timely notice of claims. Failure to adhere to this 28-day notice period results in the loss of the right to claim additional time or payment. This principle is enforced strictly in common law jurisdictions, while civil law jurisdictions may offer some leniency based on good faith and local laws.

Previous Articles

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Legality and Enforcement of Memorandum of Understanding

A Memorandum of Understanding(MoU) is an agreement entered into between two or more parties relating to their initial understanding.

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Implications of the New Tax Residency Rules in UAE

In this article, we will explore the implications of the new tax residency rules in the UAE and understand how they may impact various stakeholders.

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Execution Of UAE Judgements In The United Kingdom And Australia

This article aims to provide a comprehensive explanation of the execution of judgments issued in UAE in two significant jurisdictions, UK & Australia

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Data Protection in The United Arab Emirates

The UAE has been able to create a legal framework fully compliant with international standards on data protection.

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Understanding FIDIC Contracts and its Application in UAE

contract between two parties is drafted by adopting a model form of contract which governs the relationship between the two parties.

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UAE Central Bank Issues Guidance on Anti-Money Laundering Risks in the Payment Sector

This article will focus on the efforts of the United Arab Emirates in the fight against money laundering and terror financing.

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The DFSA Crypto Token Regime

DFSA which oversees the DIFC, took its first action in October 2021 when it unveiled a new system for the control of Security Tokens entering the DIFC