Court Uncourt - Volume IX Issue 1

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With the fast pace of modern life, most artwork is moving into the digital space in the form of NFTs or Non-Fungible Tokens. NFTs are a type of digital asset where ownership of these tokens is recorded on a blockchain, a digital ledger using similar technology to the networks that underpin cryptocurrencies. NFTs have unique qualities which stop them from being interchangeable or fungible. There is a lot of hype about NFTs, so there is a high probability of fraud concerning NFTs. There are several pirated websites where a person Has
gottentrapped in the scam. Fake platforms counterfeited NFTs, replicated websites, and airdrop scams are detected while buying or selling NFTs.
This edition of Court Uncourt discusses NFTs and Fraud surrounding them and Crypto asset regulation in the UAE – A guide. In addition, it also focuses on the UAE Bankruptcy Law by understanding its key provisions, Enforcement of arbitral awards in UAE, and Real Estate regulations in Qatar. Furthermore, this edition also explores various legislations such as Decree 34 of 2021 and
development in arbitration of Dubai, Federal Decree-Law Number 16 of 2021 on factoring and transfer of civil accounts receivable, Federal Law Number 11 of 2021 concerning regulation and protection of industrial property rights, Law 11 of 2021 governing the registration of properties in Ras Al Khaimah, Federal Law Number 6 of 2021 introduces mediation law in UAE. On this note, this edition also discusses the implications of UAE joining the Madrid system in December 2021 and Qatar's commercial companies' law.
Thank you, and we hope you have an insightful read!