The Force Majeure Dilemma: Selecting the Right Legal and Financial Path During the COVID-19 Crisis
The cost of the coronavirus outbreak has been widely reported and the tragic consequences continue. It is not only health and safety concerns that can have a negative impact on people’s lives: the outbreak has nearly paralyzed the global markets, causing a panic that can potentially lead to haphazard business decisions and fallacious legal battles.
The cancellation of contracts has become a real risk and most businesses seem to believe that enforcing their force majeure clause is the easiest way out. Unfortunately, such hurried decisions can potentially cause further chaos, and lead to worse economic conditions and delays in market stabilization.
To that effect, our experts from Charles Russell Speechlys along with Grant Thornton UAE have jointly prepared legal and financial analysis to provide the UAE businesses with a set of guidelines to help navigate the current climate by encouraging communication between all parties, making the right legal and financial decisions, and choosing the right path to improve their liquidity within the legal bounds.
Our thinking
Patrick Gearon FCIArb
Patrick Gearon, Georgina Munnik and Sam Saunders write for Lexology's Getting The Deal Through on the enforcement of foreign judgments in Bahrain
Bahrain is a signatory to a number of bilateral and multilateral reciprocal recognition treaties.
Thomas Catto
Thomas Catto and Sam Saunders write for The MENA Business Law Review on recent developments in dispute resolution in Bahrain
Thomas and Sam consider the latest changes in the Courts in Bahrain.
Simon Green
AHIC 2021
It was another exciting year at the Arabian & African Hotel Investment Conference (AHIC) .
Paula Boast
Paula Boast, Glenn Bull, Anna Hackworth and Sarah Alaiwat write for CDR - Essential Intelligence: The Belt and Road Initiative
A useful reference for BI disputes in project finance, investment and construction.
Patrick Gearon FCIArb
Patrick Gearon and Haleema Wahid write for The Oath on the rise of litigation
Patrick and Haleema consider some of the litigation funding options available in the UAE, with a particular emphasis on third-party funding.
Ghassan El Daye
Emaratyah, Al Bayan Newspaper and 24.ae publish comments from Ghassan El Daye on the UAE’s new federal law to establish a National Human Rights Institution
Ghassan comments on the latest proposals to establish a National Human Rights Institution.
Paula Boast
Paula Boast, Thanos Karvelis, Niel Coertse and Mazin Al Mardhi write for the International Comparative Legal Guide - International Arbitration 2021
The guide covers common issues in international arbitration laws and regulations across 36 jurisdictions.
Mark Hill
Mark Hill and Lara Haidar write for The Legal 500 Country Comparative Guide on Intellectual Property in the United Arab Emirates
An overview of the latest intellectual property laws and regulations applicable in United Arab Emirates.
Mark Hill
Mark Hill writes for In-House Community Magazine on solutions templating, a new priority for in-house legal teams
Removing the burden from legal teams, contract managers and administrators.
Andrew Keeley
Construct.Law - Summer 2021
Click here to read the summer edition of our construction & infrastructure publication - Construct.law
Peter Smith
The Oath reports on the recruitment of Peter Smith as a Senior Associate in the firm’s Dubai office
Peter Smith is a barrister with experience in a wide range of civil and commercial disputes across the GCC,
Peter Smith
The Oath report on the hire of Peter Smith as a Senior Associate in the firm's Dubai office
Peter Smith is a barrister with experience in a wide range of civil and commercial disputes across the GCC.
Ghassan El Daye
Ghassan El Daye quoted by Gulf Today and Al Khaleej on the firm successfully opposing an extradition request in complex litigation with Bulgarian Authorities
An extradition request against Vasil Krumov Bozhkov, was rejected by UAE authorities.
Sarah Kadhum
New foreign ownership rules take effect on 1 June 2021
Chris Haywood
Antiques Trade Gazette and eprivateclient cover this firm's hire of art and luxury asset specialist Chris Haywood in Dubai
Chris joins the firm as a Senior Associate in the Dubai office.
Sam Saunders
ICC 2021 Rules
The ICC has recently updated its rules for arbitration: the new rules entered into force on 1 January 2021 (the “2021 Rules”).
William Reichert
Use and Regulation of Renewable Energy Certificates in the UAE
The market for trading in renewable energy certificates is set to increase in both visibility and importance.
Patrick Gearon FCIArb
Insolvency Legislation in the GCC
The interesting times of the last 14 months were preceded by the interesting times of the financial crisis of 2008/2009.
Michael O'Connor
Infra.law - Spring 2021
Click here to read the latest edition of our construction and infrastructure publication, Infra.Law.
Ghassan El Daye
Ghassan El Daye quoted by The National on the Dubai courts rejection of Dh1.3m rent refund claim
A convenience shop in Dubai lost its claim to a rent refund of Dh1.3 million from its landlord on grounds of lost revenue during lockdown.