Legal Framework
From The Report: Dubai 2015
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This chapter contains an outline of the legal framework in which local and foreign investors operate in Dubai. It includes a look at how the emirate is positioning itself as a leading Islamic financial centre, a breakdown of regulations on foreign ownership and an overview of the smart city initiatives. This chapter contains a viewpoint from Michael Kerr, Regional Managing Partner, Dentons.

Articles from this Chapter

Overview

Legacy in the making: 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 halal food, travel, education, pharmaceuticals and cosmetics. As part of the impressive strategy, Dubai…

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 Council on May 28, 2013, but which, more than a year later, is still to be enacted. Until ratification…

Viewpoint

A bright future: Michael Kerr, Regional Managing Partner, Dentons, on moving forward and new opportunities
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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 real estate market. Expo 2020 will be the first World Expo staged in the Middle East, North Africa…