Strategic Value of Joint Ventures in Business Expansion and Market Penetration
Joint ventures (JVs) are strategic collaborations between two or more entities designed to combine expertise, resources, and risk-sharing mechanisms for achieving mutual business objectives. These alliances enable companies to expand market presence, enhance operational capabilities, and navigate competitive and fluctuating business environments. In essence, a well-structured JV serves as a dynamic tool for creating value, […]
Complete Guide to Reporting Cybercrime in the UAE
The UAE’s Response to Cybercrime: A Comprehensive Overview The United Arab Emirates (UAE), a global leader in innovation and technological development, faces a growing challenge in combating cybercrime. As the country progresses towards digitizing its infrastructure and establishing smart cities, the threat of cybercrime has become increasingly complex and frequent. This article delves into the […]
Legal Rights of Children Born to Unmarried Couples in the UAE
Introduction The United Arab Emirates (UAE) has established itself as a leader in social progress, championing initiatives that reflect its commitment to inclusivity, tolerance, and innovation. Through comprehensive legal reforms, the UAE continues to promote family unity, safeguard individual rights, and create a more equitable society. Among these reforms are notable changes addressing unmarried couples, […]
Updates to UAE Alcohol Consumption Laws
Introduction The United Arab Emirates (UAE) has recently taken a significant step toward fostering greater social and cultural inclusivity by introducing progressive amendments to its alcohol consumption laws. These updates reflect a shift toward a more open and accommodating approach, aiming to better serve the diverse needs of its residents and visitors. Historically, the UAE […]
Changes in Bankruptcy Law
Introduction Effective May 1, 2024, Federal Law Decree No. 51 of 2023 on Financial Restructuring and Bankruptcy (New Bankruptcy Law) came into force in the UAE, replacing Federal Decree-Law No. 9 of 2016 (Old Bankruptcy Law) in its entirety. While much of the foundational structure of the Old Bankruptcy Law remains intact—including procedures for preventive […]
UAE Bankruptcy Law: Director’s and Manager’s Personal Responsibility for Unpaid Company Debts
Key Developments in UAE Bankruptcy Law: Insights from the Marka Case In the landmark Marka case adjudicated by the Dubai Court of First Instance, it was ruled that both former and current managers and directors of a company could be held personally liable for the company’s debts if its assets were insufficient to cover 20% […]
