Special Purpose Vehicles (SPVs or SPCs) in the Middle East

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S
pecial Purpose Companies or Special Purpose Vehicles (the SPCs or SPVs) are temporary companies set up to achieve a precisely structured financial operation. SPCs provide an alternative mode of financing transactions. Put simply, they are subsidiary companies of a parent company, whose assets are protected from the actions of the parent company. In short, they limit financial risk to the property of the SPC. Learn more on SPVs in the Middle East from STA’s team of Lawyers in Dubai

Юристы по банковскому, финансовому праву и страхованию в ОАЭ – STA

Юридическая фирма STA предоставляет своевременные юридические услуги банкам и финансовым учреждениям, а также посредникам на местном и международном уровне

Sourced through Scoop.it from: www.stalawfirm.com

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Объединенные Арабские Эмираты это действительно уникальная страна, имеющая коммерческую и шариатскую банковские системы. Как это работает? Обратитесь к нашим юристам по банковскому и финансовому праву.

 

Taxation in UAE

Excellent article from Top Best Lawyers in Dubai

Lawyers in UAE - STA Law Firm

page 17_bannerRelaxation of tax liability was one of the major incentives for investors flowing into the United Arab Emirates (the UAE) from a very long time. However, this incentive is dying and the UAE government has already announced their decision to impose Value Added Tax (VAT) in the country. Would this affect the inflow of foreign investment? Would this affect the domestic prices of goods and services? Let us read further to find out.

UAE has been blessed with abundant oil reserves and master-planned commercial economy. But that is not enough! Up to now, the government rooted and sustained on domestic indirect taxes such as SALIK, transfer taxes; and colossal foreign flow of investment. But with the dip in oil prices, the UAE had been planning to implement VAT for over a decade now. But they were always speculative of the adverse effects that it may have…

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Trademark Registration Guide – GCC – STA Law Firm

Trademark Registration Guide for GCC – STA Law Firm – Trademark Registration in Dubai – Trademark Registration in UAE

Country and Applicable Legislation Length of Trademark (in years) Trademark Definition Eligible Applicants Documentation Requirement Language Requirement and Procedures Treaty/ Classification Treaty/Classification Benefits
United Arab Emirates (the UAE ) .

The UAE Trademark Law Number 37 of 1992 was amended by Law number 19 of 2000 followed by Law Number 8 of 2002

10 An applicant can file or register a trademark under Federal law no. No. 37 of 1992 on Trademarks amended by Law No. 19 of 2000 and Law No. 8 of 2002 which sets out the definition of trademark and covers names, words, signatures, letters, figures, drawings, symbols, titles, tax stamps, seals, pictures, inscriptions, advertisements or packs or any other mark or combination thereof.

Sound is considered a part of the trademark if it accompanies thereto

1. Natives of natural or legal entity, practicing any of the commercial , industrial , professional, or service business ; 2. foreigners of natural or legal entity, practicing any of the commercial, industrial, professional, or service business in the State. 3. foreigners of natural or legal entity practicing any of the commercial, industrial, vocational or service business in any state having reciprocity of treatment with the State; 4. public legal persons ; and 5. owners of well-known marks. Priority Document; 2. Trademark Logo or specimen documents (5 x 6 cm or 6 x 7 cm in print form) and (4 x 4 cm or 315 px by 315 px); 3. Trade license Copy for national companies only with a signature delegation from applicant if the application is filed through third party ; 4. Power of Attorney maybe given to lawyers, or IP Agents ; 5. Passport Copy with personal details of applicant; and 6. Additional Attachments, if any. Note: International applicants who doe not have UAE consulate in their home country can legalise the power of attorney before any other GCC (or; Arab) country. Accordingly, the legalisation of power of attorney should first happen before the Ministry of Foreign Affairs (or; related Ministry) in the GCC or Arab country followed by legalisation before the consulate of GCC/Arab country in UAE followed by Ministry of Foreign Affairs in UAE Application must be submitted in Arabic. The Ministry of Economy is responsible for registration (including preliminary search) in the UAE . 2. Once the application is filed, it is queued to be examined for review by Registrar. Applications accepted by Registrar are published in the Trademark Journal and two local Arabic Newspapers. There is 30 days period for filling an opposition by any interested party. The decision of the Registrar on claim for opposition of marks may be appealed to the Committee in the Trademark Office, and the Committee’s decision may be appealed to the competent court.. Please visit http://bit.ly/uae-ip for more Paris Convention for the Protection of Industrial Property ; 2. Nice Classification; 3. Convention Establishing the World Intellectual Property Organisation (the WIPO ) ; 4. The economic agreement between gulf Cooperation Council States (the GCC ) and the Unified Economic Agreement Between GCC States (Article 20, Chapter VI); and 5. World Trade Organisation (the WTO ) – Agreement on Trade-Related Aspects of Intellectual Property Rights (the TRIPS Agreement) (1994) (April 10, 1996) Note: UAE is not a member of the Madrid Convention or the Madrid Protocol. Note: UAE is not a member of the Nice Agreement 1957 but has adopted Nice Classification (10th Edition). The UAE recognises and protects trademarks registered internationally even if such trademarks have not been registered within the UAE. (refer, Article 4 (1) of the UAE Trademark Law) and Article 6 bis of the Paris Convention. Recognition, reputation and popularity of mark shall however be considered by the Registrar in such matters . 2. Whilst GCC Treaty is not a party to any international treaty, it does encourage growth and development of intellectual property across GCC member states.

Source: Trademark Registration Guide – GCC – STA Law Firm

Trademark Infringements in India – STA Law Firm

Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP by Lawyers in Dubai – STA

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Fake Unfake

 

http://bit.ly/trademark-infringement

 

Bought the new #Loius #Vuitton bag? Paid a hefty amount of money for it I’m sure. But wait a minute…
the strap comes off within a week, and you hace to go to the LV customer service centre, only to find out that you’ve been
sold a fake counterfeit bag, You’ve been ripped off…How Embarassing!

What can be done in circumstances like these? Let’s find out…

Trademark Registration Guide – Middle East – STA Law Firm

Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Lawyers in Dubai – STA

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Trademark Registration Middle East

 

http://bit.ly/trademark-registration

 

No imposters welcome here!

 

Your words and symbols can be registered anywhere in the Middle East that you like. Follow this link and find out how our #intellectual #property #lawyers can assist you.