Emiratos Árabes Unidos (EAU)

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Artículos Recientes

  •  
    31/01/2025
    International

    Sustainable Finance Regulation 2025 Timeline

    Our sustainable finance timeline sets out recent and expected EU, US, UK and International regulatory developments relating to sustainable finance in 2025.  
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    22/01/2025
    International

    LCIA publishes latest costs and duration analysis: are parties getting value (and efficiency) for money?

    The London Court of International Arbitration (“LCIA”) has published its third report on the costs and duration of arbitrations conducted under the LCIA arbitration rules, following previous reports published in 2015 and 2017 (the “Report”).  The Report covers all 616 cases that reached a final award between 1 January 2017 and 12 May 2024. This is the longest time period studied by the LCIA to date and apparently the longest time period covered by any costs and duration analysis by any arbitral institution to date.  In that period, the LCIA received the highest...
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  •  
    17/12/2024
    Middle East region

    Oman's New Advocacy and Legal Consultancy Law Introduces Significant Reforms to the Legal Profession

    Oman promulgated its new Advocacy and Legal Consultancy Law (Royal Decree No. 41/2024) (the Law), marking a transformative moment for the regulation of legal services within the Sultanate. This long-awaited reform introduces substantial changes that impact both local and international legal practices in Oman. The Law will enter into force in six months, with existing firms given one year to comply with its requirements.Impact on the Legal MarketThe new Law represents a substantial shift in Oman’s legal landscape, particularly in terms of raising the bar for qualification, increasing accountability...
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  •  
    12/12/2024
    UK, Middle East, UAE

    Challenging calls under on-demand securities: the fraud exception

    A recent decision of the Qatar International Court, applying English law principles, has ordered revocation of a demand under an on-demand guarantee on grounds of fraud. English law takes a robust approach to enforcement of on-demand securities and will only injunct demands alleged to be fraudulent in the clearest of cases. This decision shows how evidence of contradictory positions taken by a beneficiary can be used to mount a successful challenge based on fraud.The fraud exceptionEnglish law allows only very limited grounds on which to challenge calls under on-demand securities issued by banks...
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  •  
    10/12/2024
    International

    Construction contracts and choice of law for non-co­n­tra­c­tual obligations: risks and opportunities

    Non-contractual claims can in certain circumstances provide additional rights of action which are not otherwise available under a construction contract. The ability to choose the law governing such rights therefore provides an opportunity to employers and contractors to influence the extent to which such claims can be brought. A growing number of countries now permit parties such a choice, either through their domestic conflict of laws rules or as part of their arbitration law. In this Law-Now, we provide a summary of the relevance of non-contractual claims to construction disputes and some recommendations...
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  •  
    09/12/2024
    Emiratos Árabes Unidos (EAU)

    En­fo­r­cea­bi­li­ty of unilateral option arbitration agreements in onshore Dubai - the Court of Cassation finally adjudicates

    IntroductionAlthough not commonly adopted in GCC construction contracts, commercial instruments sometimes include a unilateral option arbitration agreement (‘UOAA’). The UOAA essentially allows one party to decide at the time a dispute arises whether it should be resolved through court litigation or arbitration. There may be practical reasons for including a UOAA, or it might be imposed by a party possessing stronger bargaining power seeking to ‘hedge its bets’ against being tied to one dispute resolution method if a dispute occurs.The enforceability of arbitration agreements...
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