There were 24 results found for UAE: Dubai and Legal Framework

There were 24 results found.

Viewpoint

Michael Kerr, Regional Managing Partner, Dentons, on moving forward and new opportunities: Viewpoint
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In 2011 the Dubai government released Dubai Urban Plan 2020, setting out its objectives for the emirate’s urban environment. Key themes include sustainability, integrated land use planning, transport networks and affordable housing for all. Since this time, two important events have taken place: the announcement in 2013 that Dubai will host Expo 2020 and signs of a continued recovery in the local…

Overview

Dubai has an evolving vision for Islamic finance
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In January 2013, Sheikh Mohammed bin Rashid Al Maktoum unveiled his initiative for Dubai to become the global capital of the Islamic economy, a multi-trillion-dollar industry. Dubai is no stranger to setting high goals and delivering results. The ruler's vision is underpinned by wide-ranging measures. These are aimed at gaining significant market share of several global halal industries including…

Analysis

Dubai revises the UAE Commercial Companies Law, and the Smart Government initiative gathers steam
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In line with its visions for an excellent infrastructure, progressive leadership, political stability and a world-leading business environment, the UAE government has announced new initiatives aimed at attracting foreign investors and enhancing existing foreign investments. One such initiative was the long-awaited revised UAE Commercial Companies Law (UCCL), which was approved by the UAE Federal National…

Country Report

The Report: Dubai 2015
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Already a regional and global centre for business and finance, Dubai’s reputation has been bolstered by the MSCI’s decision to upgrade the UAE from frontier to emerging market status in 2014, while the emirate’s successful Expo 2020 bid is expected to generate myriad opportunities for private investors across a range of sectors. Construction is thriving once again, driven in large part by st

Overview

Commercial companies law 2.0: New legislation makes the federation kinder to foreign investors
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The UAE is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Kamiah, Sharjah and Umm Al Quwain (the Federation). In establishing the UAE, the rulers of these emirates agreed to a provisional constitution (the Constitution), which provides the legal framework for the Federation and declares Islamic sharia jurisprudence the main source of legislation. The Constitution balances…

Analysis

Clarifying competition rules: A new law restricts anti-competitive behaviour in the private sector but exempts the government, SMEs and large sections of industry
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To provide an encouraging environment for companies to flourish, in 2012 the UAE enacted a new competition law, Federal Law No 4 (the Competition Law). It came into effect on February 23, 2013. WHOM DOES IT AFFECT? Ostensibly, the Competition Law applies to all entities operating in the UAE, and to those operating abroad whose activities affect competition in the UAE. The following sectors, however,…

Viewpoint

Michael Kerr, Regional Managing Partner, Dentons, on a new model for Islamic finance law
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In 2013 Dubai’s government announced the framework of its plan to become the centre of the global Islamic economy. The scale of this cannot be underestimated. The aggregate GDP of Islamic countries worldwide is more than $8trn, added to which will be significant Islamic business elsewhere. The plan includes a number of elements from Islamic finance and reinsurance, as well as global accreditation…

Chapter

The Report: Dubai 2014: Legal Framework
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This chapter contains an overview of the draft of the new companies law, which clarifies rules for investment and covers a number of important exemptions in the law. There is also an explanation of the new competition law, which was recently enacted by the UAE government. This chapter contains a viewpoint from Michael Kerr, Regional Managing Partner, Dentons.…

Overview

Investment friendly: The emirate’s legal framework offers a range of incentives
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The UAE came into being as an independent sovereign state on December 2, 1971. Dubai is one of the seven emirates comprising the UAE. The constitution established the Supreme Council of the Rulers of all the emirates as the main authority in the federation and a Council of Ministers as the executive branch of the federation. The ruler of each emirate governs with a local governmental authority.…

Viewpoint

Michael Kerr, Managing Partner, SNR Denton, on the laws of the Dubai International Financial Centre
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Dubai’s rulers have always had high-reaching ambitions. One such ambition was to establish Dubai as one of the world’s international financial centres. To this end, in 2004, Dubai established the region’s first “financial free zone”, the Dubai International Financial Centre (DIFC). The DIFC is an autonomous legal jurisdiction, governed by its own civil and commercial laws, largely drawn from…

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There were 24 results found for UAE: Dubai and Legal Framework

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