Bsb.Legal

  “Mergers generate substantial synergies”- Roger Altman.  A merger happens when two companies get together to form a new company, and acquisition happens when acquiring company takes over the majority stake in the acquired company & continues with its prior existence. Mergers and acquisitions can help you realize economies of scale, reduce the cost of production, increase market share, reduce competition, multiply financial resources, access new markets, and ensure sustainability. UAE laws have provisions regarding the procedure of merger and acquisition which our  top lawyers in Dubai  suggest keeping in mind. The laws are as follows: 1.      For public joint stock companies:  Regulatory Framework: Decision of the Chairman of the Securities and Commodities Authority (SCA) Board of Directors No. 18/R.M of 2017 and  Rules for technical requirements: Decision No. 62/R.T of 2017. For initial approval, the board of directors of the merging companies must issue a resolution

  AN ATTEMPT TO REGISTER PATENT FOR TECH-INNOVATIONS IN UAE MILITARY DEFENSE     Intellectual property rights are designed to secure the interests and rights of inventors and ensures growth and expansion of any country. The unprejudiced and neutral system established by any country protecting IP encourages all inventors to publicly display their inventions for public benefit, which further generates wealth of any country and simultaneously increase welfare of any country. UAE being an international business hub has time and again acknowledged the need securing IPR and has worked in the direction of maximizing profits of companies registered within UAE. Nevertheless, alike most countries, UAE former laws on patent protection denied patent protection in the field of national security and military defense, which might witness a change with the new regulation issued in June 2022 especially for companies or organizations working for military defense or national security. The new r

  Consumer Rights in Dubai The UAE is a federal, Islamic and Arab country. Dubai is one of the seven emirates that make up the UAE. The UAE constitution is based on Sharia law and it governs the rights of all citizens. The Consumer Protection Law in Dubai i.e. Federal Law No. 15 of 2020 on Consumer Protection   repeals the Federal Law No. 24 of 2006 to protect consumers from unfair trade practices and to ensure that they are provided with accurate information about goods and services sold. Scope of Consumer Rights Law in Dubai Consumer rights in Dubai is a set of laws and regulations that protects the rights of consumers when they buy goods or services from suppliers. The law also covers transaction on ecommerce platforms and includes rules on unfair trading practices, warranties and guarantees, product safety, labelling. However, this law does not apply to eCommerce activities between customers in U.A.E & Businesses registered outside U.A.E. List of Rights granted to