Marc Andressen, the world’s leading tech investor famously quoted, “Software is eating the world”. This statement is a powerful reflection of how technology is reshaping various industries, including the legal field. In recent times, the legal market has undergone significant changes due to reduced demand and increased competition, primarily caused by the automation of many legal tasks. This shift is prompting a reimagining of traditional legal practices. Notably, in 2018, there was an astonishing 718% increase in investments in the legal industry, driven by a desire among legal consumers for more efficient and tech-driven services.
May 2019, the Court of Appeal exonerated two women after being charged with breach of trust for four years.
Article 404 of UAE Penal Code stipulates that: ”Shall be sentenced to detention or to a fine, whoever embezzles, uses of dilapidated amounts, bills or any other movable property to the prejudice of those entitled whenever the said movable property are delivered to him on bases of deposit, lease, pledge, loan for consumption or proxy (…) ”.
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