Insights

COVID-19’s Impact on Employment Law… A Perspective from the UAE

September 28, 2020

As countries cautiously lift movement restrictions and governments have begun announcing dates for suspension of government support programs, we find ourselves entering the next phase of the COVID-19 crisis. Companies and employees must now confront the redundancies that had been held in abeyance during the lock down phase. Preparedness from both the perspectives of the employer and the employee is crucial. For the next several weeks, Argentum Law will provide an overview of key changes in employment legislation and measures which governments and companies have implemented in the UAE and EU.

Contract Interpretations
Knowledge Development at the Abu Dhabi Global Market (ADGM)

August 31, 2020

The ADGM is a leading international financial centre in the United Arab Emirates that is quickly growing in stature and global recognition for its forward-thinking regulatory stance and approach. The financial centre has won Best International Financial Centre EMEA for the last two years as published by London-based Capital Finance International.

Editorials
Partnership Announcement with Carta

July 31, 2020

Argentum Law is pleased to announce its partnership with Carta, allowing our clients with preferred rates and waived implementation fees. Carta is an incredibly intuitive equity management solution for early stage ventures, and helps companies and investors manage their cap tables, valuations, investments, and equity plans. Trusted by over 14,000 companies in the USA and abroad, Carta helps companies to manage their cap tables, model valuation scenarios and generate portfolio insights.

Argentum News
What we are listening to… Learnings from an IPO Debacle

July 31, 2020

We have been fixated with Bloomberg Technology’s new serialized podcast Foundering. The first edition of 6 episodes focuses on the inside story of WeWork, from its ubiquitous founder Adam Neumann’s life on a Kibbutz to its stratospheric growth to that final spectacular failure of its intended IPO. The story is gripping and many early stage founders will likely resonate with many of the challenges and themes that come up.

Editorials
Commercial Leases Affected by COVID-19 – The Tenants’ Perspective

June 30, 2020

Globally, the consequences from COVID-19 have led to extreme pressures on many brick-and-mortar businesses with some facing little or no revenue generation during the period of the mandatory lockdown and leaving them saddled with high rental obligations. This note looks at the issue from the perspective of UAE-based tenants and offers some starting points for relief.

Contract Interpretations
Coronavirus (COVID-19): Force Majeure - An Act of War?

June 28, 2020

The Presidency of the United States, a very influential office, has described the fight against the Coronavirus (COVID-19) as a “war”: "I view the invisible enemy [coronavirus] as a war," he said. "I don't like how it got here, because it could have been stopped, but no, I view the invisible enemy like a war." If he can make that argument - perhaps you can use too.

Editorials
Economic Substance Regulations

June 11, 2020

A reminder that in 2019 the UAE has instituted Economic Substance Regulations (UAE ESRs) that impose requirements on all UAE companies to report on compliance in 2020. Link to the UAE Ministry of Finance website in this regard: https://www.mof.gov.ae/en/StrategicPartnerships/Pages/ESR.aspx The purpose of the UAE ESRs is to bring the UAE in line with international efforts to clamp down on tax evasion.

New Law
A 30-Point Contract Health Check

May 28, 2020

Every contract represents a risk allocation – either pushing risks on to you, or pushing away risks to your counterparty. Getting this balance right is critical. At Argentum Law, we are obsessive about ensuring contracts are clear, to the point, represent industry and market practice and use simple plain English that absolutely everyone can understand. Ultimately this will allow for a healthy, fair and balanced allocation of risks that will allow you to quickly and comfortably run your business. This checklist of 30 points can be used quite powerfully as a gut check on risk exposure...

Drafting
Contract Drafting Tips: The Recitals

May 28, 2020

One of the areas of a contract, which is often overlooked is the Recitals area. Here is an example I found on the internet, lets discuss….Did your eyes glaze over? I know … it is boring, but it is important! Here is why your General Counsel obsesses over this section:

Drafting
Status Of The Office Post Covid-19

May 28, 2020

COVID-19 has forced us to consider the office. The office is sometimes described as: “a room, set of rooms, or building used as a place for commercial, professional, or bureaucratic work.” COVID-19 has shown that the office can be the kitchen, the bedroom or the bathroom (as one viral video made the unfortunate point). Here is a relevant article that piqued my interest: The Economist | Death of the office Of particular interest to me was the following reference to a Roman lawyer who pioneered Argentum Law’s model a little while ago.

Editorials
Small Businesses and Emergency COVID-19 Support… Perspectives from the US, UK, Germany and Belgium

April 29, 2020

As the world moves into six weeks since the wide imposition of lockdowns and travel restrictions, some national governments have acted relatively swiftly to provide relief to small businesses. We include some of the key measures taken in the US, UK, Germany and Belgium which may be indicative of potential relief measures taken by countries. We will continue to push updates on these as well as other jurisdictions where our clients are based…

Start Ups
Joint Ventures in the time of COVID-19… Ancient Lessons on Preparedness and Resilience

April 28, 2020

COVID-19 is a time of extreme stress to companies and individuals. In relation to joint ventures, the stress of negative economic sentiment can lead to friction among key stakeholders about priorities and direction of the business. As a shareholder, knowing what you have in your JV documentation and being prepared for such friction can keep you a step ahead - calm and serene while the storm rages around you – increasing the chances of longevity for your business and your relationships. As the ancient Greek and Roman Stoics believed:

Contract Interpretations
A Quick Reference Checklist on Distribution Agreements…. For Distributors

April 28, 2020

Your company has just received an opportunity to distribute a highly demanded product in your jurisdiction’s market from a well-known supplier. As you think through the commercial parameters around the opportunity, we include a quick reference checklist of items to look out for in any suggested contract to ensure you are appropriately protected:

Checklists
Article 3 of MOHRE Resolution No 279 of 2020 – Impact on Non-Citizen Employment Termination

April 8, 2020

In this piece we will focus on Article 3 of the Ministry of Human Resources and Emiratization’s (MOHRE) Resolution No. 279 of 2020 (Article 3).

Start Ups
Measures by the Ministry of Human Resources and Emiratization to help the UAE private sector survive COVID-19

March 31, 2020

On 26 March 2020, the Ministry of Human Resources and Emiratization (“MOHRE”) issued Ministerial Resolution No (279) of 2020 (the “Resolution”) on employment stability in the private sector as a response to the COVID-19 crisis. The Resolution applies to employers and employees that are under the remit of the MOHRE for as long as there are precautionary measures in place to curb the spread of COVID-19 in the UAE (such as home quarantines, travel restrictions and social distancing measures).

New Law
Will Coronavirus Be A Force Majeure Event?

March 18, 2020

Amidst the disruption caused by coronavirus, COVID-19, businesses are increasingly focused on Force Majeure (FM) clauses these days to determine their contractual obligations. Here is an easy to follow breakdown of how your general counsel (GC) would go about interpreting an FM clause to determine your business’s rights and obligations during what the World Health Organization has labeled a “pandemic”.

Contract Interpretations
Coronavirus update - Argentum Law Will Remain Open For Business During The Crisis

March 18, 2020

You can count on Argentum Law for continued responsive service during this time of crisis. As coronavirus has become an evolving and uncertain public health issue affecting people globally and close to home, we recognize that all of us will certainly be impacted. While we are focused on the safety and well-being of our lawyers, clients, families, and the communities in which we all live and work, we also understand that your business must continue.

Argentum News
Coronavirus Outbreak: Mitigate Your Legal Risks

March 8, 2020

“This is not a drill…This is a time for pulling out all the stops.” Dr. Tedros Adhanom Ghebreyesus, WHO Director-General, said in his opening remarks at the WHO’s media briefing on COVID-19/Coronavirus on 5 March 2020. https://www.who.int/dg/speeches/detail/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19---5-march-2020 What does this mean for your business? As your General Counsel we can help you in regards to mitigation of your legal risks: · Review your main supplier/customer/insurance contracts for points to look out for:

Contract Interpretations
State of GDPR… 18 Months Later

December 22, 2019

Argentum Law recently attended a workshop hosted by the European Commission in Lisbon, reviewing the current state of its landmark data privacy legislation. The workshop’s aims were to take stock of the European General Data Protection Regulation’s (GDPR) first 18 months post-enactment and featured forecasts of the European Commission’s likely next steps in the coming year. The session was led by Isabel Chatelier, DG-Justice of the European Commission. A Summary of the GDPR For those unfamiliar with the landmark legislation, key facts to know include:

New Law
Our lawyers in Lisbon for Web Summit

November 7, 2019

Web Summit brings together the people and companies redefining the global tech industry. After an evening spent listening to inspirational Jaden Pinkett-Smith on his clean water initiatives JUST water and 501CTHREE.org, our lawyers were back at what The Guardian calls “Glastonbury for Geeks”. Some snippets from Day 2:

Editorials
How To Avoid Five Common Start-Up Mistakes

September 15, 2019

Diving into entrepreneurship is an exciting time for start-up founders. Amidst the whirl of hiring like-minded, talented employees, building an awesome product and targeting the right market, founders find themselves inundated with an avalanche of tasks to build a stable foundation for their company from which to grow. In those early days, every aspect of your start-up's business requires focused attention and understandably, founders often unintentionally neglect or are unaware of critical legal and corporate issues...

Start Ups
Argentum Law Empowering Startups

April 27, 2019

Empowering startups and early stage ventures is central to Argentum Law’s DNA. We love to work with entrepreneurs who need legal advisors who understand their business model, are sensitive to their cash constraints and can provide the support they need to grow from the embryonic stage of a business idea to a viable, well-funded and protected business that can change the world.

Start Ups
Argentum Law’s Irreverent Origins… A Reimagining of Legal Services

February 28, 2019

This is an irreverent story… a bit like us at Argentum Law. Like every great superhero, Argentum has an origin story. In our version of the archetypal laboratory accident, take one part white shoe law firm practitioner and one part seasoned career general counsel, a perfect balance of East and West peppered with New York, Toronto, London, Paris, Mumbai and Dubai experiences all jammed into a test tube and... Boom.

Editorials
Small Businesses and Emergency COVID-19 Support… Perspectives from the US, UK, Germany and Belgium

April 29, 2020

As the world moves into six weeks since the wide imposition of lockdowns and travel restrictions, some national governments have acted relatively swiftly to provide relief to small businesses. We include some of the key measures taken in the US, UK, Germany and Belgium which may be indicative of potential relief measures taken by countries. We will continue to push updates on these as well as other jurisdictions where our clients are based…

Article 3 of MOHRE Resolution No 279 of 2020 – Impact on Non-Citizen Employment Termination

April 8, 2020

In this piece we will focus on Article 3 of the Ministry of Human Resources and Emiratization’s (MOHRE) Resolution No. 279 of 2020 (Article 3).

How To Avoid Five Common Start-Up Mistakes

September 15, 2019

Diving into entrepreneurship is an exciting time for start-up founders. Amidst the whirl of hiring like-minded, talented employees, building an awesome product and targeting the right market, founders find themselves inundated with an avalanche of tasks to build a stable foundation for their company from which to grow. In those early days, every aspect of your start-up's business requires focused attention and understandably, founders often unintentionally neglect or are unaware of critical legal and corporate issues...

Argentum Law Empowering Startups

April 27, 2019

Empowering startups and early stage ventures is central to Argentum Law’s DNA. We love to work with entrepreneurs who need legal advisors who understand their business model, are sensitive to their cash constraints and can provide the support they need to grow from the embryonic stage of a business idea to a viable, well-funded and protected business that can change the world.

A 30-Point Contract Health Check

May 28, 2020

Every contract represents a risk allocation – either pushing risks on to you, or pushing away risks to your counterparty. Getting this balance right is critical. At Argentum Law, we are obsessive about ensuring contracts are clear, to the point, represent industry and market practice and use simple plain English that absolutely everyone can understand. Ultimately this will allow for a healthy, fair and balanced allocation of risks that will allow you to quickly and comfortably run your business. This checklist of 30 points can be used quite powerfully as a gut check on risk exposure...

Contract Drafting Tips: The Recitals

May 28, 2020

One of the areas of a contract, which is often overlooked is the Recitals area. Here is an example I found on the internet, lets discuss….Did your eyes glaze over? I know … it is boring, but it is important! Here is why your General Counsel obsesses over this section:

A Quick Reference Checklist on Distribution Agreements…. For Distributors

April 28, 2020

Your company has just received an opportunity to distribute a highly demanded product in your jurisdiction’s market from a well-known supplier. As you think through the commercial parameters around the opportunity, we include a quick reference checklist of items to look out for in any suggested contract to ensure you are appropriately protected:

COVID-19’s Impact on Employment Law… A Perspective from the UAE

September 28, 2020

As countries cautiously lift movement restrictions and governments have begun announcing dates for suspension of government support programs, we find ourselves entering the next phase of the COVID-19 crisis. Companies and employees must now confront the redundancies that had been held in abeyance during the lock down phase. Preparedness from both the perspectives of the employer and the employee is crucial. For the next several weeks, Argentum Law will provide an overview of key changes in employment legislation and measures which governments and companies have implemented in the UAE and EU.

Commercial Leases Affected by COVID-19 – The Tenants’ Perspective

June 30, 2020

Globally, the consequences from COVID-19 have led to extreme pressures on many brick-and-mortar businesses with some facing little or no revenue generation during the period of the mandatory lockdown and leaving them saddled with high rental obligations. This note looks at the issue from the perspective of UAE-based tenants and offers some starting points for relief.

Joint Ventures in the time of COVID-19… Ancient Lessons on Preparedness and Resilience

April 28, 2020

COVID-19 is a time of extreme stress to companies and individuals. In relation to joint ventures, the stress of negative economic sentiment can lead to friction among key stakeholders about priorities and direction of the business. As a shareholder, knowing what you have in your JV documentation and being prepared for such friction can keep you a step ahead - calm and serene while the storm rages around you – increasing the chances of longevity for your business and your relationships. As the ancient Greek and Roman Stoics believed:

Will Coronavirus Be A Force Majeure Event?

March 18, 2020

Amidst the disruption caused by coronavirus, COVID-19, businesses are increasingly focused on Force Majeure (FM) clauses these days to determine their contractual obligations. Here is an easy to follow breakdown of how your general counsel (GC) would go about interpreting an FM clause to determine your business’s rights and obligations during what the World Health Organization has labeled a “pandemic”.

Coronavirus Outbreak: Mitigate Your Legal Risks

March 8, 2020

“This is not a drill…This is a time for pulling out all the stops.” Dr. Tedros Adhanom Ghebreyesus, WHO Director-General, said in his opening remarks at the WHO’s media briefing on COVID-19/Coronavirus on 5 March 2020. https://www.who.int/dg/speeches/detail/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19---5-march-2020 What does this mean for your business? As your General Counsel we can help you in regards to mitigation of your legal risks: · Review your main supplier/customer/insurance contracts for points to look out for:

Economic Substance Regulations

June 11, 2020

A reminder that in 2019 the UAE has instituted Economic Substance Regulations (UAE ESRs) that impose requirements on all UAE companies to report on compliance in 2020. Link to the UAE Ministry of Finance website in this regard: https://www.mof.gov.ae/en/StrategicPartnerships/Pages/ESR.aspx The purpose of the UAE ESRs is to bring the UAE in line with international efforts to clamp down on tax evasion.

Measures by the Ministry of Human Resources and Emiratization to help the UAE private sector survive COVID-19

March 31, 2020

On 26 March 2020, the Ministry of Human Resources and Emiratization (“MOHRE”) issued Ministerial Resolution No (279) of 2020 (the “Resolution”) on employment stability in the private sector as a response to the COVID-19 crisis. The Resolution applies to employers and employees that are under the remit of the MOHRE for as long as there are precautionary measures in place to curb the spread of COVID-19 in the UAE (such as home quarantines, travel restrictions and social distancing measures).

State of GDPR… 18 Months Later

December 22, 2019

Argentum Law recently attended a workshop hosted by the European Commission in Lisbon, reviewing the current state of its landmark data privacy legislation. The workshop’s aims were to take stock of the European General Data Protection Regulation’s (GDPR) first 18 months post-enactment and featured forecasts of the European Commission’s likely next steps in the coming year. The session was led by Isabel Chatelier, DG-Justice of the European Commission. A Summary of the GDPR For those unfamiliar with the landmark legislation, key facts to know include:

Knowledge Development at the Abu Dhabi Global Market (ADGM)

August 31, 2020

The ADGM is a leading international financial centre in the United Arab Emirates that is quickly growing in stature and global recognition for its forward-thinking regulatory stance and approach. The financial centre has won Best International Financial Centre EMEA for the last two years as published by London-based Capital Finance International.

What we are listening to… Learnings from an IPO Debacle

July 31, 2020

We have been fixated with Bloomberg Technology’s new serialized podcast Foundering. The first edition of 6 episodes focuses on the inside story of WeWork, from its ubiquitous founder Adam Neumann’s life on a Kibbutz to its stratospheric growth to that final spectacular failure of its intended IPO. The story is gripping and many early stage founders will likely resonate with many of the challenges and themes that come up.

Coronavirus (COVID-19): Force Majeure - An Act of War?

June 28, 2020

The Presidency of the United States, a very influential office, has described the fight against the Coronavirus (COVID-19) as a “war”: "I view the invisible enemy [coronavirus] as a war," he said. "I don't like how it got here, because it could have been stopped, but no, I view the invisible enemy like a war." If he can make that argument - perhaps you can use too.

Status Of The Office Post Covid-19

May 28, 2020

COVID-19 has forced us to consider the office. The office is sometimes described as: “a room, set of rooms, or building used as a place for commercial, professional, or bureaucratic work.” COVID-19 has shown that the office can be the kitchen, the bedroom or the bathroom (as one viral video made the unfortunate point). Here is a relevant article that piqued my interest: The Economist | Death of the office Of particular interest to me was the following reference to a Roman lawyer who pioneered Argentum Law’s model a little while ago.

Our lawyers in Lisbon for Web Summit

November 7, 2019

Web Summit brings together the people and companies redefining the global tech industry. After an evening spent listening to inspirational Jaden Pinkett-Smith on his clean water initiatives JUST water and 501CTHREE.org, our lawyers were back at what The Guardian calls “Glastonbury for Geeks”. Some snippets from Day 2:

Argentum Law’s Irreverent Origins… A Reimagining of Legal Services

February 28, 2019

This is an irreverent story… a bit like us at Argentum Law. Like every great superhero, Argentum has an origin story. In our version of the archetypal laboratory accident, take one part white shoe law firm practitioner and one part seasoned career general counsel, a perfect balance of East and West peppered with New York, Toronto, London, Paris, Mumbai and Dubai experiences all jammed into a test tube and... Boom.

Partnership Announcement with Carta

July 31, 2020

Argentum Law is pleased to announce its partnership with Carta, allowing our clients with preferred rates and waived implementation fees. Carta is an incredibly intuitive equity management solution for early stage ventures, and helps companies and investors manage their cap tables, valuations, investments, and equity plans. Trusted by over 14,000 companies in the USA and abroad, Carta helps companies to manage their cap tables, model valuation scenarios and generate portfolio insights.

Coronavirus update - Argentum Law Will Remain Open For Business During The Crisis

March 18, 2020

You can count on Argentum Law for continued responsive service during this time of crisis. As coronavirus has become an evolving and uncertain public health issue affecting people globally and close to home, we recognize that all of us will certainly be impacted. While we are focused on the safety and well-being of our lawyers, clients, families, and the communities in which we all live and work, we also understand that your business must continue.

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