News Details

Hadef & Partners Legal Highlights

Date Posted: Thu, 14 Jul, 2022

Hadef & Partners Legal Highlights



Welcome to the July edition of the Hadef & Partners newsletter. Stay connected for monthly updates.

The cryptosphere and the UAE
The cryptosphere is continually developing and evolving at a rapid pace. The UAE is at the forefront of the regulation of cryptoassets globally. DeFi, the Metaverse, NFTs… the cryptosphere keeps on evolving, churning out new definitions and concepts on almost a daily basis. Catriona McDevitt, Head of Banking & Finance at Hadef & Partners, discusses how regulations need to keep pace with both the technical and legal aspects in order to be able to provide suitable, appropriate regulation.
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Single Family Office – Dubai World Trade Centre Free Zone
The Dubai World Trade Centre Authority (“DWTCA”) recently issued Circular No 12 concerning the Rules and Regulations Regarding Single Family Office Activities within the Dubai World Trade Centre Free Zone (“SFO Regulations”) which provides high net worth families a new solution, to establish a Single Family Office, to secure, consolidate and manage their wealth portfolios from Dubai. Ahmad Sergieh, Head of Corporate, Dubai office, Bilal Snaineh, Senior Legal Consultant, and Sundus Khan, Associate discuss the ownership and management of a Dubai World Trade Centre Single Family Office.
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Hadef in the Courts: The Abu Dhabi Court of Cassation rules on an important private international law issue relating to claiming defamation in the UAE
The Abu Dhabi Court of Cassation widens the ambit for bringing a claim for defamation in the UAE. It deals with the question of international jurisdiction in defamation cases and holds that there is sufficient connection between the UAE and the elements of the tort of defamation to give the UAE courts jurisdiction to hear a claim for defamation where the UAE was the place of damage to reputation, but not the place of publication. Salih Ahnaish, Head of Dispute Resolution, and Hiba Mahmud, Senior Associate, at Hadef & Partners in Abu Dhabi discuss this matter in more detail.
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Hadef in the Courts: Fast-track options for resolution of disputes in the DIFC, ADGM and UAE Courts (onshore) and in Rental Disputes Settlement Centre
Legal proceedings can be daunting – not least because the process of suing a defendant in the UAE Courts can often be long, drawn out and costly. Maria Lezala, Senior Associate, Dispute Resolution and Amira Ioana Shaat, Associate at Hadef & Partners, discuss several fast-track options available to creditors/claimants in the UAE Courts (onshore), DIFC Courts, ADGM Courts and in the Rental Disputes Settlement Centre to put maximum pressure on and obtain a judgment against a debtor in the fastest and most cost efficient way possible.
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