United Arab Emirates: Dr. Habib Al Mulla writes to CNN on maritime fraud –...

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The horrific explosion that recently took place at the port of the city of  Beirut is a tragedy for its people. The possible casues of the explosion has brought to mind the cases of maritime fraud that many observers overlook. In recent years, the shipping and maritime trade industry has witnessed a sharp increase not only in the number of fraud cases but also in the diversity and sophistication of fraud. Fraudsters are becoming more creative in laying out and executing their plans, including using modern technology such as computer hacking while also preserving some tried and tested traditional methods, such as document fraud. Ship owners are also finding themselves under pressure to earn new business and, to that end, many of them ignore exercising due diligence when dealing with new business partners. While ports are adopting new technologies this too has the potential to enable new certain types of fraud (such as automating container operations).

United Arab Emirates: Federal Courts issues a landmark judgment reversing all penalties imposed by...

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The Abu Dhabi Court of First Instance recently dismissed an appeal filed by the Federal Tax Authority (FTA) against fines and penalties imposed by the FTA against a UAE company, a Dubai based beverage distributor, in connection with excise taxes. Baker McKenzie Habib Al Mulla represented the company. The court also ordered that the FTA repay the full amount of the penalties to the company. The Tax Dispute Resolution Committee had previously ordered the reduction of tax penalties levied on the company from the amount of AED 20.8 million to AED 8.8 million. The FTA appealed to the Court of First Instance against that decision. Baker McKenzie Habib Al Mulla had also represented the company at the Tax Dispute Resolution Committee, and the company counter appealed that no penalties were legally due. The Court of First Instance rejected the FTA's appeal against the decision of the Tax Disputes Resolution Committee, and allowed the company's appeal that no penalties should be due.

United Arab Emirates: COVID-19 – Dubai gradually reopens government services and business activities

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In brief On 25 May 2020, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive...

United Arab Emirates: UAE Foreign Direct Investment Law: Update on Positive List

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In September 2018, the UAE issued the Foreign Direct Investment Law (FDI Law) to open up the UAE mainland market to foreign investors in certain...

COVID-19 in the UAE: Where Are We Now?

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As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, governments are actively working with global and local health authorities to implement...

United Arab Emirates: Support for Employers in the UAE during COVID-19 Crisis

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As the 2019 Novel Coronavirus (COVID-19) continues to spread across the globe, businesses are facing weakened financial markets, disruption to workplace operations, and economic...

Middle East Tax Newsletter – Issue Four

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Download issueOptimizing your cash flow and managing VAT in contract cancellations The COVID-19 pandemic continues to have a heavy impact on the global economy. The...

Coronavirus: A Quick Guide for Employers in EMEA

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Baker McKenzie's EMEA Employment and Compensation Team is pleased to provide you with this quick guide for employers, dealing with 11 of the most...

UAE: New Regulations to Aid Setting up and Doing Business in the Dubai Multi...

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The Dubai Multi Commodities Centre (DMCC) Authority has recently issued new rules and regulations (the New Regulations) to aid the process of incorporation of...

EMEA Healthcare Newsletter, October 2019

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Read publication Welcome to the October 2019 edition of our newsletter.The EMEA Healthcare Industry Group Newsletter is your regular digest of legal developments affecting the...
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