The current situation in the UAE raises many questions and concerns. After the initial shock, there is inevitably a need to deal with reality. When it comes to legal issues, the first question arises: How current troubling events may affect existing contractual relationships. The seemingly obvious impulse to invoke force majeure can lead to questionable decisions.
The PGP Tax&Legal team has prepared a detailed Alert in which we outline the legal framework governing force majeure, hardship and contract frustration in the UAE.
We also separately address key tax issues that should be considered in light of the ongoing conflict. We hope you find our Alert useful.
Full alert is available in the links below.
