🇦🇪UAE Legal News

In an impressive feat, the Abu Dhabi Judicial Department (ADJD) processed more than 500,000 electronic requests in the first six months of 2024, showcasing its commitment to digital transformation in the legal sector. The ADJD tackled 394,800 court-related requests, 49,821 prosecution inquiries, and 69,487 notary public and documentation services, setting a new benchmark for efficiency. …

ADJD Breaks Records with Over Half a Million Electronic Requests in First Half of 2024 Read More »

Morgan Stanley revealed it’s under the microscope of the U.S. Securities and Exchange Commission (SEC) regarding the handling of advisory account cash balances. These balances, swept into affiliate bank deposit programs, have raised questions from the SEC’s enforcement division since April. The financial giant has been in discussions with the SEC about its adherence to …

Morgan Stanley Faces SEC Scrutiny Over Cash Balance Practices Read More »

A Saudi national faces serious charges after being arrested for allegedly forging bank checks worth a staggering $40 million. Following a meticulous investigation by the Public Prosecution’s office for crimes against public trust, the suspect was taken into custody and is now awaiting trial. The probe revealed that the suspect had approached a bank to …

Saudi Citizen Nabbed for $40 Million Check Forgery Scandal Read More »

In a sweeping crackdown, Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha) has detained 149 individuals on corruption charges, including bribery, abuse of office, and money laundering. Some of these suspects have been released on bail, but the investigations continue. Since early July, Nazaha has conducted 3,010 inspections across various government ministries and entities, scrutinizing 266 …

Saudi Arabia’s Anti-Corruption Crusade: 149 Arrested Read More »

In a significant development, the U.S. Department of Justice (DOJ) has initiated an antitrust investigation into Nvidia, following accusations from competitors of potentially monopolistic behavior in the AI chip market. The inquiry focuses on whether Nvidia has exerted undue pressure on cloud service providers to purchase multiple Nvidia products. Furthermore, investigators are examining claims that …

U.S. DOJ Investigates Nvidia Over Potential Antitrust Violations Read More »

Captured in March 2003, Khalid Sheikh Mohammed, the notorious architect behind the September 11, 2001, attacks, became a symbol of extremist brutality and cunning. Known in the shadowy world of terror as “KSM,” his infamy grew with each horrific plot he masterminded. But his dark path began much earlier, rooted in a life of radicalism …

Tales of Terror: Khalid Sheikh Mohammed and the Legacy of Infamy Read More »

CrowdStrike, the cybersecurity titan, is under fire from its shareholders following a colossal software failure that struck on July 19, 2024, leading to a global disruption impacting over 8 million computers. The lawsuit, initiated in federal court in Austin, Texas, accuses the company of misleading investors about the reliability of its software. Shareholders claim CrowdStrike’s …

Cybersecurity Giant CrowdStrike Faces Class Action Over Massive Outage Read More »

In a recent ruling by the Dubai Court of Appeal, Khaldoun Tabari, the former CEO of Drake & Scull International (DSI), along with ex-employee Saleh Muradwejj, has been ordered to pay AED 152 million (approximately $41 million) in damages. This decision covers both material and moral damages owed to the distressed contractor. The court has …

Dubai Court of Appeal Orders $41 Million in Damages Against Former CEO and Employee of Drake & Scull Read More »

In a significant move to resolve a protracted legal conflict, Tanzania has agreed to a $90 million settlement with Australian mining firm Indiana Resources. This decision comes after a lengthy arbitration process at the International Centre for Settlement of Investment Disputes (ICSID). The settlement, finalized on July 29, 2024, addresses the earlier ICSID award of …

Tanzania Settles $90 Million Mining Dispute with Indiana Resources Read More »

In a significant turn of events, Indian ed-tech giant Byju’s is nearing a resolution in its ongoing $19 million dispute with the Board of Control for Cricket in India (BCCI), according to insiders. This development comes after an Indian tribunal launched insolvency proceedings against the company earlier this month, triggered by the BCCI’s complaints over …

Byju’s on Brink of Settlement with Cricket Board, Sources Reveal Read More »