Compliance & Legal | Sedco Noble Dubai LLC

Sedco Noble Dubai LLC is committed to maintaining the highest standards of compliance with all applicable laws, regulations, and industry best practices. This page outlines our compliance framework, legal obligations, and regulatory commitments.

1. Regulatory Framework

1.1 Primary Jurisdiction

UAE Law as Governing Legal Framework:

As a company registered and operating in the United Arab Emirates, Sedco Noble Dubai LLC is subject to and operates in compliance with the laws and regulations of the UAE. All business activities, contracts, and legal relationships are governed by UAE law.

International Business Considerations: While we conduct business internationally and recognize that laws vary across jurisdictions, the following principles apply:

UAE law serves as the primary and binding legal framework for all our operations and agreements.
Where international laws conflict, UAE law takes precedence unless superseded by mandatory international law or treaty obligations.
We comply with applicable international regulations, including trade sanctions, export controls, and anti-money laundering requirements.
All disputes are subject to the exclusive jurisdiction of UAE courts, specifically the courts of Dubai.

2. Service Provider Selection & Compliance

Our Right to Select Service Providers:

Sedco Noble Dubai LLC reserves the exclusive right to:

Choose Service Providers: Select, approve, and designate all service providers, partners, suppliers, intermediaries, and third-party contractors at our sole discretion.
Determine Service Mode: Establish the method, approach, and manner in which services are delivered to ensure compliance and quality.
Set Conditions: Define the terms, conditions, and requirements under which services are provided, including compliance obligations.
Maintain Standards: Ensure all service providers meet our compliance, quality, and ethical standards.

This authority ensures that we maintain control over service quality, regulatory compliance, and client protection. All service provider selections are made with the objective of delivering value while maintaining the highest standards of integrity and legal compliance.

3. Anti-Fraud & Value Assurance

3.1 Fraud Prevention Measures

We implement comprehensive measures to prevent fraud and ensure clients receive genuine value:

Due Diligence: Thorough background checks and verification of all parties involved in transactions.
KYC (Know Your Customer): Comprehensive identity verification and screening procedures.
Transaction Monitoring: Continuous monitoring of transactions for suspicious activities.
Documentation Requirements: Strict documentation and verification requirements for all transactions.
Quality Assurance: Regular audits and quality checks to ensure service delivery meets standards.

3.2 Value Assurance

We are committed to ensuring that clients receive genuine value:

Transparent pricing and fee structures
Clear service specifications and deliverables
Quality control measures throughout service delivery
Client feedback and complaint resolution mechanisms
Regular review and improvement of service standards

4. Company Responsibility & Default

Full Responsibility Commitment:

Sedco Noble Dubai LLC accepts full responsibility for its obligations under all service agreements and contracts. In the event of a default by the Company:

We commit to taking immediate corrective action to remedy any default situation.
We will provide full disclosure of circumstances leading to the default.
We will work in good faith with affected parties to resolve the matter promptly.
We will compensate affected parties in accordance with applicable laws and contractual terms.
We will implement measures to prevent future defaults and strengthen our operations.
We maintain appropriate insurance and financial reserves to support our commitments.

This commitment reflects our dedication to maintaining trust, integrity, and accountability in all business relationships.

5. Regulatory Compliance Areas

5.1 Financial Services Compliance

Anti-Money Laundering (AML) regulations
Know Your Customer (KYC) requirements
Trade finance regulations
Banking and payment processing compliance
Financial reporting and disclosure requirements

5.2 Trade & Commodity Compliance

International trade regulations
Export/import controls and sanctions
Commodity trading regulations
Customs and border compliance
Product quality and safety standards

5.3 Data Protection & Privacy

UAE data protection regulations
International data transfer compliance
Privacy rights and obligations
Data security and breach notification requirements

6. International Compliance

As an international business, we comply with:

UN sanctions and embargoes
International trade agreements
Cross-border regulatory requirements
International anti-corruption laws
Environmental and sustainability regulations

7. Compliance Monitoring & Reporting

We maintain robust compliance monitoring and reporting systems:

Regular compliance audits and assessments
Employee training on compliance requirements
Internal controls and risk management
Regulatory reporting and disclosure
Incident reporting and remediation procedures

8. Dispute Resolution

Jurisdiction and Governing Law:

All disputes arising from or relating to our services, contracts, or business relationships shall be governed by the laws of the United Arab Emirates and subject to the exclusive jurisdiction of the courts of Dubai, UAE. Parties agree to submit to the jurisdiction of UAE courts and waive any objections to venue or forum.

9. Updates to Compliance Framework

We regularly review and update our compliance framework to reflect changes in laws, regulations, and industry standards. Material changes will be communicated through our website or directly to affected parties. We encourage all stakeholders to review this page periodically for updates.

10. Contact for Compliance Inquiries

For questions, concerns, or reports regarding compliance matters, please contact us:

Sedco Noble Dubai LLC

Email: info@sedconobledubaillc.com

Phone: +971 50 792 3284

Address: Ubora Tower, 13th Floor, Business Bay, Dubai. P.O Box 9241, UAE

Compliance Officer: For compliance-specific inquiries, please include "Compliance Inquiry" in your subject line.

Disclaimer: This compliance information is provided for general guidance only and does not constitute legal advice. Specific legal and compliance requirements may vary based on individual circumstances, jurisdictions, and transaction types. We recommend consulting with qualified legal and compliance professionals for specific advice.

Compliance & Legal Framework