Introduction to DIFC Courts The Dubai International Financial Centre (DIFC) Courts were established in 2004 as a distinct legal authority designed to address the needs of the financial services sector in the United Arab Emirates. These courts offer a modern and independent judicial framework that aligns with international standards, facilitating the resolution of commercial conflicts … Read more
Introduction to Dubai Law No. 9 of 2004 Dubai Law No. 9 of 2004 marks a pivotal development in establishing the Dubai International Financial Centre (DIFC), which has positioned itself as a cornerstone of the emirate’s financial landscape. This law was introduced with the intent to create a respective business environment that caters to the … Read more
Introduction to Dubai Law No. 9 of 2004 Dubai Law No. 9 of 2004 represents a pivotal milestone in the evolution of financial regulation within the emirate, establishing the framework for the Dubai International Financial Centre (DIFC). This legislation was designed to create a robust and legally sound environment that fosters economic growth and innovation, … Read more
Introduction to Excise Tax Law Federal Decree-Law No. 7 of 2017, commonly referred to as the Excise Tax Law, represents a significant advancement in the fiscal policy of the United Arab Emirates (UAE). This legislation was introduced with the aim of diversifying government revenue away from traditional oil sources, thereby fostering a more sustainable economic … Read more
Introduction to DIFC Law No. 4 of 2018 DIFC Law No. 4 of 2018, commonly referred to as the Trust Law, was established to regulate the creation and administration of trusts within the Dubai International Financial Centre (DIFC). This piece of legislation marks a significant development in the legal landscape of the UAE, particularly in … Read more
Introduction to Bounced Cheques in Dubai Healthcare City A bounced cheque refers to a cheque that cannot be processed by the bank due to insufficient funds in the issuer’s account, a closed account, or other reasons that prevent successful transaction processing. In the context of Dubai Healthcare City (DHC), which is a prominent healthcare and … Read more