In brief A recent judgment by the Dubai Courts in favor of a major real estate company in Dubai had set a precedent on how the courts interpret sale and purchase agreements in relation to private islands registered for development. The defense strategy (which was proposed by Baker McKenzie Habib Al Mulla) carried out by the Dubai real estate company (acting as the Seller) and accepted by the courts involved: Registering the sale and purchase…
A recent judgment by the Rental Dispute Settlement Centre (RDC) of the Dubai Land Department has upheld that the dismissal of an employee (also the tenant and Plaintiff in this case) from his job qualifies as an “Exceptional Circumstances” event and therefore, justifies the termination of his lease contact with his landlord (the Defendant). The RDC confirmed in its judgment that a lease contract may be terminated in two cases, either by applying the principle…
Introduction The recent global outbreak of Coronavirus (COVID-19) has resulted to various challenges for many suppliers and counterparties to deliver on their contractual obligations and has prompted an increasing number of claims and notifications to contracting companies. Now more than ever, companies need guidance on the recourses and forms of relief available to them during these unprecedented times. This article provides high level guidance on citing to Force Majeure provisions in contracts as applicable under…
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 nationwide measures to help curb transmission and mitigate virus-related risks as well as offer relief for businesses and individuals in these challenging times. In response, businesses and government institutions across the UAE are taking necessary action to minimise the impact of the pandemic on their operations, workforce and supply chains, in…
Two new laws aimed at boosting investor confidence in the Dubai real estate sector came into force on 18 November 2019. These are Dubai Law No. 6 of 2019 on the joint ownership of properties (Joint Ownership Law) and Dubai Law No. 4 of 2019 on the Real Estate Regulatory Agency (RERA Law).