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Corruption has a detrimental effect on any economy. It creates unfair advantages, anti-competitive practices and a generally unfavorable business environment.
The Libya Herald reported on 16 April 2013 that ‘the IMF confirmed its forecasts on Libya of 20.2 per cent GDP growth in real terms for 2013’.
The retail landscape of the UAE is rapidly changing. We now live in a world where we can shop for goods and services from the comfort of our own homes.
This article sheds light on three different types of arbitration agreement.
The digital revolution has radically changed commerce, industry and government.
Under UAE law, bank guarantees are considered a commercial activity regardless of the capacity of the person to whom the bank guarantee is issued or the purpose for which it is issued.
The ‘bill of lading’ is a formal document that serves as a receipt for cargo being transported by a sea carrier.
One major difference between arbitration and litigation is that parties to an arbitration participate in the selection of the tribunal.
In the event of a claim from the land developer against the purchaser, the role of Dubai’s Land Department is merely conciliatory to propose suitable solutions for the parties in order to reach an amicable settlement.
A new draft of the proposed income tax law has been submitted for review to the Legislation and Opinion Bureau in Jordan.