On the business front, if you do not have a proper business succession plan or estate planning in place, you simply cannot be sure what will happen after your death: whether your family will be provided for, who will look after your business, and when and how your beneficiaries will stand to benefit from the […]
Number of registered marriages falls from 5,090 to 4,457 in two years.
The number of marriages in Dubai has come down over the last couple of years, according to data released by the Dubai Statistics Centre. While a total of 5,090 marriages were registered in 2014, the number dropped to 4,851 in 2015 and 4,457 in […]
In basic terms, a franchise is a license, or permission to use the name and products of an existing business, as well as the trademark. The party that grants the franchise is known as a franchisor and the party taking the franchise is known as a franchisee. Once the franchisor grants the franchise to a […]
Many businesses have opened up in the various free zones dotted around the UAE. Whilst the advantages of a free zone company are pretty well-known, 100% foreign ownership/full repatriation of profits etc., one of the anomalies is that free-zone companies are, often, prohibited from carrying on a business with persons (including companies) resident in the […]
I. Introduction to Franchising
In basic terms, a franchise is a licence, or permission to use the name and products of an existing business as well as the trademark. The party that grants the franchise is known as a franchisor and the party taking the franchise is known as a franchisee.
Once the franchisor grants the franchise […]
UPCOMING DEADLINE: 30 June, 2017- Companies and their MemorandaIf you do not amend your company’s documents by the end of 30 June, 2017, your local Limited Liability Company could be dissolved or substantial fines could be imposed.If you own or partly own shares in a LLC, then it is important that you have your Memorandum […]
Often when companies are doing business in the UAE; and, in particular, wishing to draft a contract, there is a temptation to go online and find a document to copy and paste. Many documents online originate from either the United States or the England, or countries following a similar legal system- the common law system.
However, […]
Many IT companies start with an idea- some of them are good, some not so good. After the basic idea, it is often the case the people behind the idea, the tech guys, will start going around pitching the idea or the concept to potential investors- these could friends/family, incubators, banks, private equity groups, venture […]
70 per cent of incompatible couples are unable to resolve differences.Dubai: Divorce is no longer the last resort for incompatible couples as they are increasingly considering it as an option within months of their marriage, according to the Dubai Divorce Legal Clinic at TWS Legal Consultants.Nita Maru, managing partner at TWS Legal Consultants who established […]
A digital platform will be launched on Sunday allowing non-Muslims with assets in the emirate of Ras Al Khaimah to include these items in their Dubai-registered will.Dubai International Financial Centre Wills & Probate Registry (DIFC WPR) has extended its coverage to RAK, said Nita Maru, a solicitor and managing partner of TWS Legal Consultants, who […]
