Court Uncourt - Volume VIII Issue 2

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The past decade has been a turning point in the field of technol-ogy. Blockchain as a technology has changed the manner inwhich we carry out financial transactions, the invention of this technology arises out of a combination of mathematical concepts andnumerical techniques. The use thereof for making financial transactionshas aroused a great deal of public interest right from making payments, issuing bonds, registering land or even in case of smart contracts has played a significant role in gaugingthe people into widely accepting and using this technology. The basic ingredients of Blockchain mainly includes asymmetric cryptographic functions which ensuresthat transactions are safe from fraud, forgery proof and are concluded in a timely manner. The alternative applications to blockchain have been discussed at length in this edition of CourtUncourt along with its legal implications in UAE and other such jurisdictions. This edition ofCourtUncourtalso explores in detail, disclosure requirements for ultimate beneficiariesin UAE, legal implications of tri-partite agreements in the said jurisdiction and we also venture intounderstanding the impact of undue influence & duress and backdating with regards to contracts.Keeping up with the changes in different areas of law worldwide, we also look into transfer pricingregulations in the Middle East, changes and relaxation of compliance regulations in India and the recentpeace deal struck between Israel and UAE leading to the abolition of Federal Law Number 15 of 1972.Furthermore, we also provide an insight to the challenges and opportunities presented while doingbusiness in Saudi Arabia. Conversely, looking into the exit strategies in case an individual wishes to exit afamily business. Thank you and we hope you have an insightful read!