The enforcement of foreign judgments in the UAE continues to be a fast-evolving area of law. In a recent case. that is likely to stand as a leading precedent for the recognition of judgments in the DIFC and the wider GCC region, Al Tamimi’s International Litigation Group acted successfully for a global bank in setting aside a DIFC Court order recognising and enforcing a Kuwait Court of Cassation judgment against the DIFC branch of the Bank.

Dispute resolution rarely runs in a straight line, from the raising of a pre-action complaint, to a substantive hearing on the claim, and a final judgment disposing of the action. Interim applications often disrupt this linear process, and issues such as disclosure and security for costs can spawn satellite dispute resolution processes that divert the parties from the main, underlying conflict.

On 3 October 2019, the Financial Supervisory Commission (FSC) announced the Directions for Securities and Futures Enterprises to Apply for New Business Trial (Directions).

On 21 October 2019, the Judicial Yuan announced the draft "Labor Case Adjudication Rule" (Rule) for public consultation. We summarize the key points below: (1) In the event that all or a part of a labor case involves intellectual property right, it may be handled by the labor court.

UAE removed for EU blacklist after issuing Economic Substance Rules

Our common experience in advising early stage businesses is there that there is often a level of informality and a lack of documentation. This is understandable as any differences of opinion are usually resolved amicably, due to the closeness of the relationship, or the small nature of the business. However, this lack of corporate governance can give rise to problems and disputes as the company develops and grows or as the original key people...

On Saturday (16 November 2019) two new Australian visa programs came into effect. These visa programs, subclasses 494 and 491, are intended to stimulate and support regional Australia by making it easier to migrate to Designated Regional Areas of Australia.

The UAE Insolvency Law No. 9 of 2019 (the “Law”) has been issued and published in the official gazette. The Law comes into force 3 months after publication, meaning it will become effective on 29 November 2019.

Sovereign scoops International Retirement Provider award Sovereign Group is delighted to have won the ‘International Retirement Provider’ category at the influential International Adviser Global Financial Services Awards 2019, which identify excellence across the industry. >> Read more

In a recent decision (hearing of 22 May 2019), the Dubai Court of Appeal applied the Federal Law No. 6 of 2018 Concerning Arbitration (the ‘Federal Arbitration Law’) in order to resolve a ‘conflicts of jurisdiction’ issue with respect to deciding which is the competent authority to rule on interim and conservatory measures in the event the parties to a dispute have a valid arbitration agreement.