![]() The Pensions Regulator’s moral hazard powers-what should company directors look out for? What are the moral hazard (anti-avoidance) powers? Broadly, the Pensions Regulator’s (TPR) moral hazard powers or anti-avoidance powers under the Pensions Act 2004 (PeA 2004) enable it to circumvent corporate structures and impose liabilities on third parties that are connected and associated with the employer of a defined benefit pension scheme, provided certain statutory conditions are met. Read More The Pensions Regulator’s moral hazard powers-what should company directors look out for? Further, consultancy (including design) and contracting activities cannot be conducted through the same entity. Contractors, on the other hand, can be established as LLCs or branches of a foreign company in both Dubai and Abu Dhabi. In Dubai, design businesses can generally only operate through a civil company (akin to a partnership) or branches of foreign companies, while in Abu Dhabi they can be undertaken by limited liability companies (LLCs) (see below in respect of the current position relating to UAE ownership requirements), or a branch of a foreign company. Possession of a design or contracting licence from one emirate does not entitle the licensee to undertake projects in other emirates. A designer or contractor wishing to work in an emirate must be licensed in that emirate. If a foreign designer or contractor wanted to set up an operation to pursue the local market, what are the key concerns they should consider before taking such a step? Engineering consultancy (which, in the UAE, includes architectural design) and contracting are highly regulated activities, and each emirate has its own regulatory regime. Authors: Pinsent Masons-Mark Raymont Jed Savager Melissa McLaren Luke Tapp Christopher Neal 1. View the related practice notes about Joint venture (JV) Construction-United Arab Emirates-Q&A guideĬonstruction-United Arab Emirates-Q&A guide This Practice Note contains a jurisdiction-specific Q&A guide to construction in United Arab Emirates published as part of the Lexology Getting the Deal Through series by Law Business Research (published: October 2022).
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