The following Commercial practice note Produced in partnership with Amir Ahmad and Edward Ewart of Reed Smith LLP provides comprehensive and up to date legal information covering:
Updated September 2020
The Business Environment
Forming a Company
Financing a company
Opening a Branch office
Opening a bank account
Utilising office space
Key employment laws
Contracting with Third Parties
Protecting Key Assets and Employees
The United Arab Emirates (UAE) is strategically located at the crossroads of the major Western and Eastern economies. It is a constitutional federation of seven Emirates, each with their own local governments, and united under the overarching leadership of the Supreme Council and the Council of Ministers. A member of the Gulf Cooperation Council (GCC), the UAE is part of the Middle East's only multi-national common market, with a view to further cross-border economic and fiscal integration.
There are a variety of ways of doing business in the UAE. We have produced this guide to give you a brief introduction to some of the main considerations for foreign investors into the UAE, and to highlight the key areas a business will need to address before it begins operations in the UAE. The contents of this guide are intended to be of general use only and should not be relied upon without seeking specific advice on any matter.
Established in 1971, the UAE was once known primarily as a trading hub, connecting the East with the West. The last 40+ years have seen a diversification of the economy, with the country attracting investment from around the world.
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Criminal offences are generally divided into two categories: •conduct crimes, and •result crimesA conduct crime is a crime where only the forbidden conduct needs to be proved. For example, an accused is guilty of dangerous driving if they drove a motor vehicle dangerously on a road or other public
Voluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished responsibility or suicide
What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of association, and•any resolutions and agreements affecting a company’s constitutionThe CA 2006 definition of 'constitution' is not exhaustive and also
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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