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Delay Penalty in Construction Contracts

United Arab Emirates - January 8 2017 Back-to-back contracts are becoming an increasingly common feature of construction projects. Construction projects typically involve the collaboration…

The Agency Law of Russia

Russia - July 3 2016 Generally speaking the law of agency deals with situations where one person enters into legal relationship with another person by acting not…

OW Bunker Dilemma

United Arab Emirates, United Kingdom - June 8 2016 The collapse of OW Bunker group (the OW) has been extensively reported worldwide. OW has been one of the world’s largest bunker suppliers filed for…

Trade Finance - Letter of Credit in UAE Context

United Arab Emirates - April 16 2016 A documentary credit or a letter of credit is usually used to finance international trade. Judges have referred to documentary credits as the “life…