UAE bankruptcy no longer leads straight to prison
Pervez, a British businessman, set up a building materials supplier just before Dubai’s financial crisis began in 2008. The…
Legal
2649 articles found
First Robot Cop to join Dubai Police Force in May
The first robot cop is expected to join Dubai’s police force in May. Officials in Dubai unveiled plans to…
UAE named in $20bn Russian money laundering scheme
The UAE allegedly received more than $434 million from a vast Russian money laundering scheme between 2011 and 2014. …
U.K. Serious Fraud Office to Decide Soon on Barclays Qatar Charges
The head of the U.K.’s Serious Fraud Office said Tuesday it would decide soon whether to file charges against Barclays…
Emirates NBD concerned over links to Russian money laundering
Emirates NBD has spoken out about the difficulties in fighting financial crime after it was alleged to have handled a…
Citigroup, Abu Dhabi Fund Spar Over $9M Arbitration Costs
Citigroup is again going to court over a dispute with Abu Dhabi's massive sovereign wealth fund over money lost in…
Clifford Chance law firm advises Kuwait on the establishment of its GMTN programme and debut dual-tranche $8billion note issuance
International law firm Clifford Chance has advised the State of Kuwait, acting through the Ministry of Finance and represented by…
Turkey reassures investors, says Dutch business not at risk
Dutch investment in Turkey is not at risk from the diplomatic row between the two countries, as Ankara's ire is…
Former Barclays bosses send pleas
Former Barclays executives sent final pleas to the UK Serious Fraud Office, arguing they should not face prosecution related to…
Bankruptcy law helps spur SME bank lending
A lower oil price and tighter liquidity will continue to impact general business confidence in the UAE, but the new…
Barclays Qatar Targets Said to Make Last SFO Plea Before Charges
Former Barclays Plc executives sent final pleas to the U.K. Serious Fraud Office arguing they shouldn’t face prosecution related to…
Bank clerk jailed for forgery, embezzling Dh6.5m
A bank clerk has been jailed for five years and fined Dh1 million for conspiring with a fugitive against a…