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The New Waqf (Islamic Trust) Law in the Emirate of Sharjah

What is a Waqf?Waqf is a concept which resembles closely the Anglo-American trust. It is a form of endowment under which the ownership of assets is transferred to a juristic body (namely the Waqf),...

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Cargo Customs Law in the UAE

The UAE is a federacy of seven states. Each state has its own ruler and the rulers together form the supreme counsel governing body of the UAE, with the ruler of Abu Dhabi as the president of the...

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MARITIME, AVIATION & INSURANCE

Al Tamimi & Company’s Maritime, Aviation and Insurance practice is at the heart of the dynamic transport industry in the Arabian Gulf.The practice, led by partner, Yazan Saoudi, has been developed...

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ISLAMIC FINANCING AND THE RELEVANT LAWS OF THE UAE

Islamic financing has made a major breakthrough in the financial world and over the past few years and has now proven to be a major contender to conventional financing in the UAE.Still in its infancy...

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New rules in 2011 for Contracting Companies and Engineering Consultancies in...

2010 brought about significant changes for contractors and consulting engineers in Abu Dhabi with the introduction of new regulations relating to the classification of contractors (“Contractors”) and...

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ACQUISITIONS UNDER THE NEW KUWAITI CAPITAL MARKETS LAW AND BY-LAWS

Last year, Kuwait enacted the Capital Markets Law (CML) (Law No. 7 of 2010) followed by its executive bylaws (CML Bylaws) which seeks to regulate the securities businesses in Kuwait and provide...

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A Legal Study of the Decision Rendered in Al Ain Appeal No. 53-2011 on...

The decision in question deals with an insurer’s pursuit of its rights of subrogation against the party responsible for damage caused to a vehicleBriefly, the facts are that an individual had, through...

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Cloud computing in the UAE: Legal risks and remedies for providers and users

The term “cloud computing” is often used to describe a broad range of remote access computing services, many of which have been around for a number of years.  However, these days a cloud computing...

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Hotel Development –From Inception to Operation

In Part 1 of this article, I sought to introduce and outline the first stages of the life of a hotel - from inception through to opening. My intention was to present a simple account, for the benefit...

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RISK IN EPC CONTRACTS

Consulting Engineers (the 'Red Book'). This is a traditional form of contract where the employer appoints its own designers to design the works and the contractor is only responsible for constructing...

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