Labor Law
Who is the employee?
Any person or body corporate employing one or more workers in return for remuneration of any kind.
Who is the worker?
Any male or female person receiving any kind of remuneration for work he or she performs in the service of an employer and under his management or control, even if he or she is out of the employer’s sight. This term also includes officials and employees who are in the employer’s service and are government by the provisions of this Law:
What is the contract of employee?
Subject to the provisions of article 2 a contract of employment shall be written in two copies, one being delivered to the worker and the other to the employer. In the absence of written contract, adequate proof of its terms may be establishment by any means of evidence.
All the employees, workers and employers will be adhered to U.A.E. labor law federal law No. 8 of 1980 as amended.
Medical Liability Law
Ministry of health and any other federal or local government bodies involve in health issues in UAE.
Individuals practicing medical professions in the U.A.E. shall perform their duties accurately, honestly and in accordance recognized scientific and technical principles to provide the necessary care for patients, in addition they shall not make use of the patient’s needs for illegal benefit to themselves or others and without discrimination between patients.
Who are professionals?
Professionals are associated thereto which shall be identified by a decision issued by the Minister.
The provision of this Law shall be applicable to all practitioners under Federal Law No. 10 of 2008.
Commercial Law
Commercial transaction Law
Provision of this law shall apply to traders and all commercial activities carried out by a person even he is not a merchant.
It shall be applicable to traders and commercial activities agreed upon by the two parties unless such agreement contradicts an imperative commercial text.
In case there is no specific agreement, rules of the commercial custom shall apply to any matters, regarding which, no provisions herein or in another law related to commercial issues. The specific or the local custom shall supersede the general custom, in case of absence of a commercial custom the general custom, provisions pertaining to the civil issues shall be applicable without prejudice to the public principles of the commercial activity.
It is not permissible to apply special agreements or commercial customs rules if they contradict the public morals or public order.
Provision of this law shall applicable under Federal Law No. of 18 of 1993.
Penal Law
Federal Law No. (3) Of 1987 as emended shall apply to all crimes and penalties, and any other text conflicting with its provisions shall be abrogated.
The provisions of the Islamic sharia shall apply to the crime of doctrinal punishment, punitive sanctions and blood money. Crimes and reprehensive sanctions shall be specified in accordance with the provisions of the Federal Law No. 3 of 1987 and the other penal laws.
No one shall be answerable for a crime committed by another and the accused shall be presumed innocent until proved guilty.
Banking Law
Central Bank of the UAE
Establishment in the state of the United Arab Emirates a Central Bank is to be known as the Central Bank of the Unites Arab Emirates. The Bank is considered as a public institution having its body corporate and enjoying the required judicial capacity to conduct all operations and dealings which ensure the attachment of the objectives for which it has been established.
The operations of the Bank and the organization of its balance sheet and accounts are carried out in accordance with the commercial principles of banking. The bank’s dealings with other parties are considered as commercial.
None of the provisions of the of the Laws governing the public tenders and auctions, public accounts and civil service, other than the Bank’s own regulation’s, apply to the bank.
The preaudit provided for in Law No. (7) Of 1976 establishing the State Audit Institution does not apply to the Bank’s operations. The Audit Institution limits itself to post auditing of the bank’s operations and have no right to interfere in conducting the Bank’s operations or policies.
The Bank directs the monetary, credit and banking policy and supervises over its implementation in accordance with the State’s general policy and in which as to help support the national economy and stability of the currency.
For the attainment of its objective the Bank:
- Endeavor to support the currency, maintain its stability internally and externally, and ensure its free convertibility into foreign currencies.
- Direct credit policy in such ways as to help achieve a steady growth of the national economy.
- Organize and promote banking and supervise over the effectiveness of the banking system according to the provisions of this Law.
- Undertake the functions of the bank of the Government within the limits prescribed in this Law.
- Advise the Government on financial and monetary issues.
- Maintain the Government’s reserve of gold and foreign exchange.
- Act as the banks operating in the Country.
- Act as the State’s financial agent at the international Monetary Fund, the International Bank for Reconstruction and Development and other international Arab Funds and Institutions and carry on all dealings of the State with such concerns.Commercial bank
Commercial bank is considered any institution which, customarily, receives funds from the public in the form of demand, under notice, or time deposits, or which carries on the placement of debt instruments or deposits certificates to be used, in whole or in part, for its accounts and at its risk, for granting loans and advances.
Commercial banks also carry on operations relating to the issue and collection of checks, the placing of public or private bonds, trade in foreign exchange and precious metals, or any other operations allowed for commercial banks either by law or by customary banking practice.
The Board of Directors of the Central Bank defines the aspects of activity and operation requirements of commercial banks with restricted banking licenses. Such banks, in application of the provisions of this Law, are treated as commercial banks, unless the Board of Directors excludes them from some provisions or measures.
For the purposes of enforcement of this Law and unless otherwise provided by law, all branches of any bank operating in the United Arab emirates are regarded as one bank.