The Dubai Economic Council, or DEC, has reviewed and discussed both the drafts of financial restructuring and bankruptcy law, and commercial companies law, and the most important developments in this regard.
In the presence of Shaikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of the Emirates Group and Chief Executive of Emirates airline, the DEC held the first hearing session 2012, which was headed by Juma Al Majid, the Chairman of the Council. The meting also reviewed and discussed policy recommendations for the DEC on the future of Dubai’s development.
“The financial restructuring and bankruptcy law is an introduction to legal reform and enhanced development programmes,” Shaikh Ahmed said. Hani Al Hamli, secretary-general of DEC, and representatives of both public and private sectors in the Emirate of Dubai also attended the meeting. A team from the Legal Affairs Department of the Government of Dubai, led by Dr Loay Belhoul, director-general of the department, Ministry of Finance’s executives, Dubai Courts, in addition to DEC Secretariat’s executives also attended the meeting.
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