The new Commercial Companies Law aims to increase international direct investment and reaffirms the UAE’s standing as a leading enterprise hub regionally and globally. The new law applies broadly to any project of receivables made as part of industrial or civil transactions. The Commercial Register Law has been amended allowing native authorities in each emirate to retain the best to establish and manage their business data, together with registration, knowledge monitoring and alter. The law contains sections on obligatory licenses, addressing the rights of the license holder, the multiplicity of compulsory licenses, and the exception to the situations of obligatory licensing by the court. His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, accredited a wide-ranging reform of the country’s legal system, which goals to strengthen financial, funding and industrial alternatives, the Government Media stated Saturday, November 27. There will be disagreement concerning the reform highway ahead for policing, intelligence, federalism, and the content of the Emergencies Act.

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