French soldiers patrol in the fan zone in Nice on June 8, 2016, two days before the start of the Euro 2016 football championship. Valery Hache / AFP
French soldiers patrol in the fan zone in Nice on June 8, 2016, two days before the start of the Euro 2016 football championship. Valery Hache / AFP
French soldiers patrol in the fan zone in Nice on June 8, 2016, two days before the start of the Euro 2016 football championship. Valery Hache / AFP
French soldiers patrol in the fan zone in Nice on June 8, 2016, two days before the start of the Euro 2016 football championship. Valery Hache / AFP

The beautiful game


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Football’s European Championship begins this Friday when France take on Romania at the Stade de France in Paris. The tournament kick-offs amid a sense of feverish anticipation among French football fans and a certain trepidation in the international community.

Let’s deal with the anticipation first: France are fancied to win Euro 2016 at the expense of world champions Germany, European champions Spain, perennial heavyweights Italy and others, including a young England side, a strong Belgium team and a Portugal squad featuring Cristiano Ronaldo. Certainly, history is on the host nation’s side: France won the 1998 World Cup and the European Championship in 1984 when playing at home.

But there is trepidation too. France has suffered in the past year at the hands of extremists and has recently fallen prey to the damaging effects of extreme weather. Our greatest hope is that this will be a safe and peaceful tournament and that we will only be talking about the quality of the football when the action ends next month.

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

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SPECS
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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.