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How do the International Court of Arbitration enforce their decision in commercial properties?

What do you mean by arbitration: Arbitration process can be understood as an alternate dispute resolution process wherein the disputing parties voluntarily choose an arbitration forum for adjudication of their disputes. When the parties choose binding arbitration for the settlement of their dispute then the decision of the arbitrator is termed as final and can be then enforced through court and may be further appealed on limited grounds. You can say that Arbitration is a popular method for dispute resolution in the United Arab Emirates. The main reasons that support the increasing reliance arbitration are the following: - Increasing number of reliable arbitration centres in the UAE has contributed to this. There are a many arbitration centers in the UAE , namely, Dubai International Arbitration Centre (DIAC); DIFC London Court of International Arbitration (DIFC-LCIA) Centre; Sharjah International Commercial Arbitration Centre (Tahkeem);Ras Al-Khaimah Centre for Reconciliation and Commercial Arbitration and the  Emirates Maritime Arbitration Centre (EMAC). - The UAE also introduced Federal Law No. 6/2018 on Arbitration (Arbitration Law) with a special focus on enforcement of arbitral awards. - Arbitration allows for adjudication in English language or the language of choice of the parties and this adds to another important facet why arbitration is selected.
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Can you put a case or investigation on hold if there is insufficient evidence?

The Federal law no. 35 of 1992 concerning the ‘criminal procedure law’, specifies the procedures for the prosecution of criminal cases in the UAE (‘Criminal procedure code’). The rules and procedures concerning investigation, trial procedure, evidence, judgment, appeal procedures and enforcement measures are stated in the criminal procedure code. The public prosecution constitutes the judicial authority which is headed by the attorney general and followed by the hierarchy of senior advocate general, advocates general, chief prosecutors and prosecutors. The higher members in the hierarchy have the authority to both monitors and supervise their subordinates. As part of its responsibilities, the public prosecution is responsible for initiating and taking action on criminal cases on behalf of the society members, either by referring the criminal case to the court for trial or by issuing a decision of dismissal. Pursuant to Article 7 of the criminal procedure code, the Public Prosecution has exclusive jurisdiction to initiate and prosecute criminal proceedings. It also has the exclusive authority to track the criminal cases until a final judgement is rendered. Collection of evidence: In inspection and collection of evidence, various government departments are assigned with the said authority, including the police department, public prosecution and criminal court. Pursuant to article 30 of the criminal procedure code, the judicial police are tasked with the responsibility to inquire about crimes, search for the perpetrators and collection of necessary information and evidence as part of the criminal investigation. Further, the judicial police are answerable to the public proception office and are also under the direct supervision of the public prosecutor in the performance of their duties (Article 31). When sufficient evidence exists: Pursuant to article 45 of the criminal procedure code, when sufficient evidence exists concerning a given criminal complaint:
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What is International Patent compliance? How can I patent my product for the international market?

The World Intellectual Property Organization (WIPO) constitutes one of the specialized agencies of the United Nations, and its main purpose is to promote and protect intellectual property across the world by cooperating with countries as well as other international organizations involved. WIPO has an international ‘Patent Cooperation Treaty’ (PCT) that has been ratified by at least 153 countries worldwide, including the United Arab Emirates. A PCT application can be best understood as the procedure through which applicants can seek international protection for their patents. International patents are granted as an exclusive right granted for an invention, which provides a new method or industrial applicability. The incorporated system allows the applicants to file a single application under the PCT in order to seek patent protection in a number of countries altogether instead of processing individual applications to each member country. Such a procedure allows an applicant to save both time and money and allows them to process patent protection internationally in a highly convenient and simplified procedure. In this article, we would like to explain the various stages for an international patent application under the Patent Cooperation Treaty. An international Patent application has essentially two phases: Phase 1: ‘National phase’ The first phase of the PCT application is generally termed as the ‘National phase’, wherein the PCT application is filed before the patent office of a single country that is part of the 153 contracting states for the said treaty. Therefore, if an applicant based in UAE wishes to protect his patent application internationally, he would start the first phase or national phase of the PCT application by filing the application before the UAE patent office. The applicant is required to file the PCT application by complying with all the requirements and by paying the required fees.
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Is it possible for foreign investors to have a big loan?

The United Arab Emirates has consistently sought to develop the UAE into a pro-business region and to have the best of facilities and policies that encourage foreign direct investments. The UAE has progressed in leaps and bounds and has established itself on the global page. It no longer identifies itself as an economy that is dependent on oil and instead has developed a well-diversified economy. The establishment of the Dubai International Financial Centre Courts system (DIFC), Dubai International Arbitration Centre (DIAC) and the Abu Dhabi Commercial Conciliation & Arbitration Centre (ADDCCAC), allowing for adjudication in English, constitute an alternate legal mechanism other than the UAE local courts. The UAE has also developed and offered almost 40 strategic economic zones or free trade zones that allow foreign investors to own and establish a company or branch of a foreign company. Recently, the UAE government issues a landmark law that now allows foreign investors to hold 100 % ownership in a mainland UAE company without mandatorily appointing a local sponsor with 51% shareholding. Certain strategic business sectors would still remain excluded depending on the decision of each emirate. The UAE offers a robust banking infrastructure, and banks often provide loans for foreign investors. There are specific banks that cater to the requirements of small and medium enterprises and issue bank loans. The interest percentage, collateral and repayment term differ amongst each. Business entities with years of successful operations and good credit history to showcase, have a higher chance of securing bigger loan amounts. The banks also carefully vet and process the capabilities of the company, its management structure, its turnover and collateral as deciding factors. Other critical elements vetted by banks could include: - Cash flow: the cash flow obtained by the company through its daily operation is a key component vetted by the banks and is considered as a prime indicator of the financial stability of the company. - Professional know-how: A lack of experience in the said industry of business can raise a concern to the banks, and thus banks usually thoroughly vet the level of experience gained in the intended stream of trade or business.
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How to be Protected from Bank Fraud and Procedures to File a Complaint?

The UAE continuously tightens its rules and regulations concerning anti-money laundering (AML) and Counter-Terrorism Financing (CTF). It is constantly committed to its goal and vision to establish itself as the global centre for international businesses and commits to the highest standards possible in all streams. UAE aims to continuously improve the government operations in a comprehensive institutional manner and implement it to effectively counter the risks associated with money laundering & terrorism financing and that of illegal organizations developing in the region. In this article, we will discuss some of the recent changes in AML and CTF measures in the UAE. New Guidelines from UAE Central Bank: The UAE Central Bank has issued new guidelines in anti-money laundering and combating the financing of terrorism efforts. The new guidelines focus on entities functioning in the real estate, precious metal and stones sectors. The new measures are in force from June onwards and have been affected in understanding and mitigating the risks. Under the new guidelines, the licensed financial institutions are required to conduct appropriate levels of due diligence. They are obliged to report directly to the UAE’s Financial Intelligence Unit and report any suspicious activities by filing a ‘suspicious activity report’. Institutions functioning in the real estate, precious metal and stones sector are also guided to appoint a compliance officer and develop effective programs that help to assess and control money laundering and terrorist financing risks. A recent statement issued by the Central Bank governor states its vision and role in AML and CTF “A critical part of UAE Central Bank is to ensure that all licensed financial institutions have a deep comprehension of their role in mitigating and addressing the risk of illicit activities in the UAE’s financial system”. Stringent Legal Measures: The UAE Courts are imposing strict penalties in the money laundering case. The Courts have passed heavy sentences such as imposing a fifteen-year imprisonment term and imposing a penalty equivalent to the misappropriated amount. There are instances wherein heavy fines of Aed 50 Million have been imposed. The extensive investigation exerted by the public prosecution in tracing financial crimes is a testament to the strong commitment of law enforcement agencies in the UAE. Tracing of fake accounts and layered accounts to cover up the misappropriated assets are being thoroughly investigated by the UAE authorities. The National Strategy to AML/CFT thus reflects the unrelenting commitment of UAE in its mission to ensure that it will not be viewed as a country in which criminals can carry out operations in money laundering or terrorism financing, nor can they route or transfer any proceedings that have originated through any criminal activity.
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