Zouhdi Yakan and Sameer Goel offer insight into the compilation of provisions under the new Banking Law, aimed at strengthening the Central Bank’s supervisory powers, governance and consumer protection in the country. One of the latest law developments in the United Arab Emirates (UAE) is a new regulation relating to the Central Bank of the UAE (Central […]
Old Our Publications - Law House
Ensuring transparency & access
Zouhdi Yakan and Sameer Goel delve into the effects of registration of security rights in the Emirates Movable Collateral Registry Corporation (EMCR). The Federal Law no. (20) of 2016 on the Mortgage of Movable Property to Secure Debt (the Law) tackles, inter alia, the mortgage/pledge of movables and registration of the same. The Law necessitated for a register to […]
Changes to Company Norms
Zouhdi Yakan, Partner at Law House Advocates & Legal Consultants, explains the implications of the new Federal Law No. 2 of 2015 concerning Commercial Companies on private joint stock companies. The new law (NL) repealed the previous Commercial Companies Law – Federal Law No. 8 of 1984 (PL) and came into force on 1 July […]
New rules for UAE companies
Camille Chamoun, Partner at Law House, explains how the UAE’s new Commercial Companies Law will impact businesses in the UAE The eagerly awaited new Commercial Companies Law came into effect on 1 July 2015 as UAE Federal Law no. 2 of 2015, (CCL). Despite what was anticipated, the new law did not live up to […]
Cheque mate
Nehro Haggag, Legal Advisor for Law House, explains the definitions, the importance and the differences between payable cheques and cheque guarantees. A cheque is a method of payment that is due to be fulfilled and is used as a substitute for cash in transactions. Cheques are also commercial papers ranked first in commercial transactions for being cash equivalents. […]
No cap on judicial fees in Abu Dhabi: analysis and effects
Will the new legislation about court fees deter frivolous lawsuits or punish those with justifiably high claims? Zouhdi Yakan, Partner-Law House Advocates & Legal Consultants, weighs up the consequences. Under the new Law No. (6) of 2013 Concerning the Judicial Fees in the Emirate of Abu Dhabi (New Law) which regulates the court fees payable […]
Business Law
Camille Chamoun of Law House explains how a new law in the UAE is laying the foundations for knowledge-based economy Small and Medium size Enterprises (SMEs) are recognised worldwide as a tool of economic growth. SMEs are universally recognised as important because they contribute to economic growth, create employment and ensure financial stability. SMEs in the […]
Safe as houses?
Camille Chamoun of Law House explains all about the new mortgage law UAE Central Bank introduced late last year. As part of its efforts to regulate the financial market and ensure its stability, the UAE Central Bank issued, in October 2013, Circular no. 31/2013 Regulating Mortgage Loans (the Regulations). The Regulations were published in the […]
Tightening regulation
In August 2012, the UAE Security & Commodities Authority (SCA) unveiled new rules aimed at tightening up regulation on investment funds; Emirates Review investigates what effect this has had on the market. Up until the new Investment Funds Regulation came into force, responsibility for approving domestic funds and foreign funds available to investors in the UAE lay […]
Company Law 2013: a welcome improvement
The new commercial companies law brings the UAE’s business landscape up to global best practices. Good news for the business world in the UAE – the new commercial companies law is almost here. The original company law, enacted in 1984, was long overdue for an update. The new law, being called Company Law 2013, which […]
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