Seminar on legal and compliance in the UAE

Most of us are familiar with the black-letter text of the most important laws and regulations governing bankruptcy, labour and employment, and general compliance. However, there are many areas of ambiguity and there are many situations where the law and the practice in the market do not coincide.

A panel of experts from Afridi & Angell, Nishimura & Asahi and Mayur Batra discussed the challenges and practical implications of employment and debt collection in the UAE, as well as corporate governance and internal control based on Japan’s Financial Instruments and Exchange Law (J-SOX), during an afternoon seminar in Abu Dhabi. The discussion primarily addressed:

• Recruitment
• Work rules
• Overtime and leave
• Resignation

• General procedure
• Bankruptcy law

• Importance and purpose of internal control
• Methodology (approach)
• Risks and controls by each department
• Roles and responsibility of management and board of directors
• Matters observed in Japanese companies in internal control and measures