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My Business Partner Is My Friend. Why Do I Need A Shareholders’ Agreement?
When business partners are friends or family, discussing potential disputes can feel uncomfortable or unnecessary. This article examines why a shareholders' agreement remains essential even in trusted relationships, exploring how it addresses critical questions about money, decision-making authority, exit scenarios, and deadlock resolution that friendship alone cannot answer.
United Arab Emirates Commercial
AL
ADG Legal
Article
Lending A Car To An Unlicensed Driver In The UAE
A person who drives on a UAE road without a driving licence, or with a licence that does not cover the type of vehicle he is driving, commits a criminal offence rather than a routine traffic violation. On a first offence, the court may impose imprisonment of up to three months and a fine of between AED 5,000 and AED 50,000, or either penalty alone. On a repeat offence, imprisonment is for not less than three months and the fine rises to between AED 20,000 and AED 100,000, again with the court able to impose either penalty alone. These penalties are set out in Article 37 of Federal Decree-Law No. (14) of 2024 on the Regulation of Traffic (the “Traffic Law”).
United Arab Emirates Criminal
ML
MIO Law Firm
Article
International Arbitration In The UAE: Navigating The Legal Landscape
The UAE's international arbitration framework continues to evolve with significant legal reforms and institutional developments. This comprehensive analysis examines the dual onshore/offshore legal system, recent legislative changes including the new Civil Transactions Law and DIFC Courts Law, and critical procedural aspects from tribunal constitution to award enforcement. Understanding these developments is essential for practitioners navigating arbitration in one of the Middle East's most dynamic legal ju
United Arab Emirates Litigation
MB
Mayer Brown
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