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LAW MATTERS: Recent Ministerial Decree relates to PJSC and LLC


The Ministerial Decree of the Ministry of Economy clarifies the content of Article 104 of the Companies Law and leaves ambiguity concerning the prohibition of providing loans to the Board. Article 104 of Federal Law No. (2) of 2015 regarding commercial companies the “Companies Law” has ignited controversy and debate among both legal circles and businessmen alike. The subject of ... Read More »

LAW MATTERS: Changes to Company Norms


ZouhdiYakan, Partner at Law House Advocates & Legal Consultants, explains the implications of the new Federal Law No. 2 of 2015 concerning Commercial Companies on private joint stock companies. The new law (NL) repealed the previous Commercial Companies Law – Federal Law No. 8 of 1984 (PL) and came into force on 1 July 2015. Concerned companies, including private joint ... Read More »

LAW MATTERS: New rules for UAE companies


Camille Chamoun, Partner at Law House, explains how the UAE’s new Commercial Companies Law will impact businesses in the UAE The eagerly awaited new Commercial Companies Law came into effect on 1 July 2015 as UAE Federal Law no. 2 of 2015, (CCL). Despite what was anticipated, the new law did not live up to the market’s expectations on several ... Read More »

LAW MATTERS: Cheque mate


Nehro Haggag, Legal Advisor for Law House, explains the definitions, the importance and the differences between payable cheques and cheque guarantees. A cheque is a method of payment that is due to be fulfilled and is used as a substitute for cash in transactions. Cheques are also commercial papers ranked first in commercial transactions for being cash equivalents. Due to the large ... Read More »

LAW MATTERS: Reaching the limit


Baffled by the UAE’s speed limits? You’re not alone! Emirates Review clears up the confusion. No one is ever in a hurry to get a fine issued, which is why  sticking to the UAE’s speed limits is essential for ensuring a smooth journey. Yet, many have been victims of  confusion on the Abu Dhabi-Dubai Highway. The highway, which is used ... Read More »

LAW MATTERS: Going public

stock exchange board - full size

New rules promise to breathe new life into the UAE’s IPO market; Patrick Khoury, Partner at Law House Advocates & Legal Consultants, explains how the new draft of the UAE Commercial Companies Law and other new regulations will encourage more companies to list. Since the beginning of 2014, new rules have been expected allowing firms in the UAE to use ... Read More »

LAW MATTERS: No cap on judicial fees in Abu Dhabi: analysis and effects


Will the new legislation about court fees deter frivolous lawsuits or punish those with justifiably high claims? Zouhdi Yakan, Partner-Law House Advocates & Legal Consultants, weighs up the consequences. Under the new Law No. (6) of 2013 Concerning the Judicial Fees in the Emirate of Abu Dhabi (New Law) which regulates the court fees payable before the courts and judicial ... Read More »

LAW MATTERS: Business law


Camille Chamoun of Law House explains how a new law in the UAE is laying the foundations for knowledge-based economy Small and Medium size Enterprises (SMEs) are recognised worldwide as a tool of economic growth. SMEs are universally recognised as important because they contribute to economic growth, create employment and ensure financial stability. SMEs in the Gulf region are in ... Read More »

LAW MATTERS: Safe as houses?


Camille Chamoun of Law House explains all about the new mortgage law UAE Central Bank introduced late last year. As part of its efforts to regulate the financial market and ensure its stability, the UAE Central Bank issued, in October 2013, Circular no. 31/2013 Regulating Mortgage Loans (the Regulations). The Regulations were published in the UAE Official Gazette on the ... Read More »

LAW MATTERS: Tightening regulation

Gavel & money

In August 2012, the UAE Security & Commodities Authority (SCA) unveiled new rules aimed at tightening up regulation on investment funds; Emirates Review investigates what effect this has had on the market. Up until the new Investment Funds Regulation came into force, responsibility for approving domestic funds and foreign funds available to investors in the UAE lay with the Central ... Read More »

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