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Issuance of Cheque with Insufficient Funds – The Legal Consequences
Issuance of Cheque with Insufficient Funds- Legal Consequences Issuing a cheque with no sufficient balance is considered an illegal and criminalized act pursuant to UAE Laws that were applied before the issuance of The Federal Decree-Law No. 14 issued in 2020and started being effective and applied from 2nd January 2022, such decree came with … Continue reading Issuance of Cheque with Insufficient Funds – The Legal Consequences
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Managing Director Liabilities & Obligations
FAQ Managing Directors Obligations Written by: Bassel Ostwani Q: Is the manager liable to protect the company’s interests? A: A person authorized to manage the company shall preserve its rights and extend such care as a diligent person. Q: Is the manager responsible for keeping the company’s financial records and showing it to the … Continue reading Managing Director Liabilities & Obligations
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Key Changes in Employment Contract & Probationary Period under new Decree no. 33 of 2021
Key Changes in Employment Contract and Probationary Period Key Changes in Employment Contract and Probationary PeriodWritten by: Mohamed Waaer On 26 October 2021, Decree no. 33 of 2021 concerning the Regulation of Labour Relations in the Private Sector (the “New Decree”) was issued. Main Contract Changes Alignment with Global Developments Approach, Enhancing the flexibility and … Continue reading Key Changes in Employment Contract & Probationary Period under new Decree no. 33 of 2021
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