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(UAE) with its political stability, internal security, visionary leadership, investment-friendly policies, advanced infrastructure, cosmopolitan lifestyle, and a dynamic open market approach fits the bill perfectly for an investor that is considering expanding into the MENA region Indian companies with robust balance sheets, ready access to capital and strong positions in their domestic markets are increasingly […]
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14 Jun '16What is it? Offshore company means a company formed in the jurisdiction which is considered offshore relative to the home jurisdiction. It is incorporated for the purpose of operating outside the country of its registration and/or the place of residence of its directors, shareholders and beneficial owners. This is typically structured to maximize and realize […]
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The UAE (United Arab Emirates) is one of the top investor friendly jurisdictions in the world and always ranks in top 15 in best destinations for direct foreign investment. The Free Zones contribute significant non-oil related revenue to the UAE, more specifically to Dubai. So what is a Free Zone? It is a specifically delineated […]
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19 Apr '16In UAE Federal Law No. 08 of 1980, as amended (the “UAE Labour Law”) governs the relationship between the employer and the employee. Three new ministerial decrees containing new set of rules for labour market issued by the UAE’s Ministry of Labour (MoL) came into force on 1st January this year and are expected to […]
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Recently, the UAE (United Arab Emirates) celebrated its 44th National Day (Independence Day) with much fervor. On this occasion I thought of exploring a bit about the formation of the UAE, and its legal and judicial system. UAE Federation The UAE is a Federation established in 1971 in the area previously known as the Trucial […]
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Employment relationships in the United Arab Emirates are governed by Federal Law No.8 of 1980 Regulating Labour Relations as amended by Federal Laws No.24 of 1981, No.15 of 1985 and No.12 of 1986 (the Labour Law). The Labour Law provides that an employment contract can be terminated in the following ways.
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- employees
- employer
- law
- termination
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As the name implies, end of service gratuity is an amount of money that every employee is entitled to receive, and every employer is liable to pay, upon termination of an employment relationship in the UAE, provided that the employee meets the conditions set out in the Labour Law (UAE Federal Law No.8 of 1980).
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- dubai
- employees
- employer
- employment
- gratuity
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In the UAE, according to a recent survey conducted by a recruitment consultancy, many companies have started hiring again, or are preparing to resume recruitment.
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On 14 December 2009, UAE’s stock market shot up in excess of 10% following the announcement of the due repayment of $ 4.1 billion to the Sukuk holders of Nakheel Development Limited following a $ 10 billion support payment from Abu Dhabi to the Government of Dubai.
- Tags:
- commercial
- law
- tribunal
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Intellectual Property (IP) is a tricky topic in the Middle East. Copyrighted work is treated as if it were in the public domain over here. IP is often viewed as nothing more than a legalistic term, not true “property” at all. In fact of course, IP may be significant asset, rights protecting the applications of […]
Recent posts
Key distinctions in the Legal Landscape between UAE and India that Indian investors in the UAE need to understand when considering investingJune 01, 2018(UAE) with its political stability, internal security, […]
Offshore Companies – United Arab EmiratesJune 14, 2016What is it? Offshore company means a company formed in […]
United Arab Emirates – Setting Up In The Free ZoneJune 05, 2016The UAE (United Arab Emirates) is one of the top […]
Recent Amendments To UAE Labour Regulations – Actions Which The Employer Should Take Right NowApril 19, 2016In UAE Federal Law No. 08 of 1980, as amended (the […]
Legal and Judicial System in the United Arab EmiratesDecember 14, 2015Recently, the UAE (United Arab Emirates) celebrated […]