Law Commons^™

Limiting The Shareholder And Partner Liability In Joint-Stock And Limited Liability Companies: A Comparative Study Between Kuwait And U.S Laws, Fahad N Sh K Alshammari, Fahad A. Alzumai

UAEU Law Journal

partner liability exemptions when faced with an attempt to pierce the corporate veil and attach individual liability for ongoing business decisions. The issue is that although piercing the corporate veil rule serves as an important tool for holding decision-makers accountable for misconduct in public companies and limited liability companies, the Kuwaiti legislature did not adopt this exemption If the promoter or the partner uses the company for fraudulent or illegitimate purposes, If he treats the company’s funds as his own personal funds, or if he does not separate his personal interest from the company’s interest, or if he causes incurring …

Legal Protection For The Rights Of The Commercial Store Creditors Under Uae Law: A Comparative Study, Dr. Omar Fares Dr.

UAEU Law Journal

The UAE Commercial Transactions Law has included provisions for the protection of the rights of the shop seller creditors who have debts related to its exploitation. Considering that the sale of the shop poses a threat to their rights because through this sale they lose the most important security for their debts, which is the “shop”. In order to achieve this goal, the UAE legislator approved the principle of the transfer of rights and obligations from the seller to the buyer in violation of the general rules, and obligated the two parties of sale contract to publish the summary of …

Formalization Of The Trading Company Contract And The Challenges Of The Fourth Industrial Revolution: An Analytical & Comparative Study, Dr. Karima Krim

UAEU Law Journal

Recently, the world experiencing major internet-based technological changes that led to the Fourth Industrial Revolution. of which blockchain and smart contract are technologies. The first is a large, open and distributed digital record and store data, backed up and exchanged between users, secure and more reliable manner without the intervention of a trusted intermediary, allowing the smart contract to automate the implementation of contract terms. This study, focused on trying to identify its impact on the official contract of the trading company and the extent to which it could compensate for the role of the notary. Which concluded that blockchain …

Criteria For Considering The Shari’A Need When Applied To A Commercial Insurance Contract: An Applied Jurisprudential Study, Ahmed Al-Shafei Mr

UAEU Law Journal

The research aimed to know the reality of the «Shari’a Need», and how to control and measure it. By proposing a list of criteria used in assessing their existence, consideration or elimination, and to test the criteria, the researcher applied them to a commercial insurance.

In order to achieve the goal of the research; the researcher used the inductive analytical method, by following the rules suggested by the Fuqaha’, which required an analysis of some Fuqaha’ sayings, to build standards.

The research concluded that the «Need» that some Fuqaha’ considered in the permissibility of commercial insurance does not meet these …