Tag: Commercial Law

Apex Law LLP > Blog > Commercial Law

Common legal issues in commercial leasing agreements

Commercial leasing agreements are an essential part of any business operation. However, they can also be a source of legal issues if not properly drafted and negotiated. At Apex Law LLP, we specialize in commercial leasing agreements and have assisted clients in navigating the common legal issues that arise in these types of agreements. One […]

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Understanding Industrial Law in Maldives

Industrial law, also known as labor law, is a set of legal rules and regulations that govern the relationship between employers and employees. In Maldives, industrial law is governed by the Employment Act of 2008, which outlines the rights and responsibilities of both employers and employees. Overview of Industrial Law in Maldives The Employment Act […]

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Bussiness Law 10 Common Questions

Business law is a complex area that encompasses a wide range of legal issues that can affect a company’s success. Whether you are starting a new business, managing an existing one, or planning to grow your operations, it is important to have a good understanding of the laws that apply to your industry. In this […]

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Amendment to Employment Act Removes Minimum Wage Obligation for Expatriate Employees

On 21 September 2022, the Maldives government gazetted the Seventh Amendment to the Employment Act (Law No 15/2022), which removed the obligation on employers to pay minimum wage to expatriate employees in accordance with the Minimum Wage Order until a compliance date is announced by the Minister of Economic Development. The establishment of the minimum […]

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Understanding the Strata Properties Act 2021: A New Framework for Multi-Unit Property Ownership in the Maldives

The enactment of the Strata Properties Act 2021 marks a significant shift in property ownership and real estate development in the Maldives, introducing a legal structure for strata properties — multi-level complexes comprising separately owned residential or commercial units with shared common areas. This modern legal framework paves the way for organized vertical living and […]

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Trademark Registration in Maldives

Trademark Registration in Maldives Trademark registration is an important process for any business looking to protect its brand identity and distinguish itself from competitors. In the Maldives, official trademark registration is only possible for companies that are registered in the country, and the process is overseen by the Ministry of Economic Development. In this article, […]

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Government Establishes Minimum Wage

On 8 November 2021, the Ministry of Economic Development in the Maldives published the Minimum Wage Order, which established the minimum wage for Maldivian employees. The Order was made under Section 59 of Employment Act (Law No: 2/2008) and effective from 1 January 2022. The Order outlines the scope and amount of minimum wage in […]

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Why a Written Independent Contractor Agreement is Essential for Your Business

An independent contractor is a self-employed individual or company that provides services to other businesses or individuals on a project basis. They are not considered employees, and as such, are not entitled to employee benefits such as health insurance or paid time off. Independent contractors are responsible for their own taxes and expenses, and they […]

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The Legality of Agreements without Signatures

The Legality of Agreements without Signatures: Understanding the Complexities and Ensuring Enforceability The idea that an agreement must be signed to be legally binding is a common misconception. In reality, there are various ways in which agreements can be formed, and a signature is not always necessary. This is particularly true in the digital age, […]

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Investing in Maldives

Maldives is a beautiful island nation located in the Indian Ocean, known for its stunning beaches, clear blue waters, and vibrant coral reefs. With a population of around 530,000 people, Maldives has a thriving tourism industry, which accounts for a significant portion of the country’s GDP. However, the country’s economy is not limited to tourism, […]

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