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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.

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