The UAE has introduced a new Commercial Companies Law (UAE Federal Law No. 2 of 2015) (the New CCL), which replaces the previous Commercial Companies Law (UAE Federal Law No. 8 of 1984, as amended) (the previous CCL). The New CCL will come into force on 1 July 2015.

In this briefing note, we comment on the key provisions of the New CCL and compare and contrast them with the regime in the previous CCL.

This note is based on the Arabic version of the New CCL, as published in the March 2015 edition of the Official Gazette.