Commercial pledges on movable property

Article Abstract:

A pledge on movable property is one of the commonly used commercial business pledges in the United Arab Emirates (UAE) that give merchants power in borrowing loans and facilities from banks and other financial institutions. The popular use of pledges in commercial business has led to the introduction of a new law in the UAE called the Federal Commercial Transactions Law which seeks to draw a clear provision regarding commercial pledges. One of the provision of the law includes giving a right to pledgor in managing his business after securing a transaction with a financial institution.

Other Justice, Public Order, and Safety Activities, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Business Law NEC, Financial Regulation NEC, Laws, regulations and rules, Financial services, Commercial law, United Arab Emirates, Pledges (Law)

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Dubai: lack of jurisdiction in banking dispute

Article Abstract:

The Dubai Court of First Instance a case brought by a foreign bank's client versus the bank's domestic and overseas branches for lack of jurisdiction. The Court took cognizance of the fact that the domestic branch of the foreign bank merely acted as a courier between the disputing parties and was not a part of the transaction. Lawyers in the United Kingdom Emirates said that the case underscores the need for foreign banks and firms that hold representative branches in the kingdom to create and form a liaison with clients in the kingdom.

Cases, Dubai, United Arab Emirates (Emirate)

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Bank training institutions in Uzbekistan

Article Abstract:

Uzbekistan has two bank training institutions that provide the necessary banking and financial expertise to make possible the country's transition to a market economy. The Regional Bank Training Center (RBTC) and the Banking-Finance Academy of the Republic of Uzbekistan (BFA) were established to train bank personnel in appropriate skills. RBTC has trained over 3,800 bank personnel in central Asia since it was launched in 1994. BFA, meanwhile, is geared toward experienced banking and financial professionals who want an advanced degree.

Training, Schools, Uzbekistan, Bank employees

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