Understanding AML and ABC Compliance in the UAE The United Arab Emirates has built one of the region’s most rigorous Anti-Money Laundering (AML) and Anti-Bribery and Corruption (ABC) frameworks, and it continues to actively strengthen that framework rather than treating it as settled. The country’s goal is straightforward: keep its financial system out of reach … Read more
Cybersquatting violates intellectual property (IP) rights and is subject to legal action under UAE Laws. It is an act of registering, selling, or using a domain name that is similar to or resembles that of an owned trademark without permission. This practice can cause great harm to businesses through client confusion and damage to the … Read more
In the Dubai Multi Commodities Centre Authority (DMCC), company liquidation is the procedure of closing down a company and disposing of its assets. The liquidation process in DMCC is governed by Law No. (3) of 2020 issued in the Emirate of Dubai & DMCC Company Regulations 2020, which replaced the previous regulations of 2003. Company … Read more
What Is Company Liquidation? Company liquidation is the formal legal process of closing a business, settling its outstanding debts, and distributing any remaining assets among shareholders or stakeholders. The process is most commonly associated with insolvency — a situation where an organisation can no longer meet its financial obligations as they fall due — but … Read more
Company liquidation is the legal process of winding up a company’s affairs, distributing its assets, and ultimately dissolving the business entity. Company liquidation process in the UAE can be initiated for various reasons, such as financial difficulties, inability to pay debts, expiry of the company’s duration, a deliberate choice by the shareholders to close the … Read more
As soon as you realize that your business is insolvent, you must speak with a certified insolvency practitioner in the UAE to know your responsibilities and rights. Being insolvent in the UAE doesn’t mean it’s the end for your business. There are several options like formal company restructuring. Of course, it can lead to organization … Read more
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