Legal Framework
From The Report: Dubai 2013
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With assistance from SNR Denton, this chapter explains the options for foreign business operations, including how to set up in Dubai and rules on representative branches and local agents. It also outlines employment regulations and the rights of employees. The chapter includes a viewpoint with Michael Kerr, Managing Partner, SNR Denton.

Articles from this Chapter

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. Absent federal legislation on areas specifically reserved to federal authority, the ruler/local government…

Analysis

Best practices: Strengthening regulations for corporate governance
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In recent years, the UAE has witnessed significant developments in corporate governance aimed at further advancing and promoting best practices across many industry sectors. Listed companies have seen the introduction of compulsory requirements in the UAE, while financial institutions have been provided with binding and non-binding guidelines. LEGAL REGIME: Corporate governance in the UAE is currently supervised by different bodies in each of the following sectors: banking and financial institutions;…

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 English law. It has an independent judicial system vested in its own courts of first instance and…