This is the usual first question once we inform clients about a positive arbitration award. The answer bears a huge ‘depends’: (1) depends on whether or not the award debtor pays after the release of the award; (2) further depends on the process to obtain the ratification and enforcement of the award; and (3) ultimately depends
What is it? In very brief, an arbitration agreement is a parties’ common intention documented generally via a clause in a commercial contract to bypass national court jurisdictions and refer to an arbitral tribunal to decide a potential dispute. Why is important? It is important for parties who seek expertise, quickness, confidentiality, neutrality, being able
The Middle East is a country heavily affected by economic sanctions. The recent Qatari crisis will lead to implications in the practice of arbitration in the region considering the upcoming World Cup 2022 and the Expo 2020. Existing underlying contracts could be impacted by the sanctions and should be looked at with the aim to
Succession in Dubai has always been a sensitive issue for expats. Even though local regulations apparently allow the application of the resident’s national law, the uncertainty of the relevant articles has led local courts to not always grant the foreign treatment over the Islamic Law. AS A CONSEQUENCE: An important number of residents opted to
Its deserved condition of hub in the Middle East makes the United Arab Emirates an attractive destination for companies that wish to set up a stable and fruitful presence in the region. While building up and consolidating a business in UAE, managers must consider several aspects to ensure the correct day-by-day functioning of their company.
1 – Residency Visas for Entrepreneurs and Business Activities (REM): Create a Spanish company Present a business and entrepreneurial innovative project that meets general and economic interests to Spain GENERAL REQUIREMENTS. See below** TIME-LIMIT The Residence Visa is sufficient to reside in Spain for one (1) year without having to obtain a foreign identity card.