The New UAE Companies Law – What Will Be Changing? » Gulf Business

The New UAE Companies Law – What Will Be Changing? » Gulf Business:



"Recent reports from news agencies such as Reuters has put the new UAE Commercial Companies Law back at the forefront of practitioners’ minds.



The UAE Federal National Council approved the revised form of the new companies law in May 2013 (the “Draft Companies Law 2013”) and reports from Reuters suggest that the ratification by His Highness Sheikh Khalifa bin Zayed Al Nahyan, the President of the UAE, is expected shortly.



Based on various sources, we do not expect that the law to be published in the Gazette will differ substantially from the Draft Companies Law 2013, however, before the law is published there is no absolute certainty as to its final form and the below analysis is based on the draft version as it currently stands."



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