News & Analysis as of

Limited Liability Company (LLC) United Arab Emirates (UAE)

Awatif Mohammad Shoqi Advocates & Legal...

Investment and Profit Sharing of Shareholders: How to Amend the Share Memorandum

Investment is a cornerstone of corporate governance under Federal Decree-Law No. 32/2021 on Commercial Companies Law (Companies Law), where shareholders play a pivotal role in the financial health and prosperity of a company....more

Awatif Mohammad Shoqi Advocates & Legal...

How Can Managers Be Lawfully Removed under the Commercial Companies Law in the UAE?

In the UAE, the process for lawfully removing a manager from a company is governed by Federal Decree-Law No. 32/2021 on Commercial Companies. This comprehensive legislation outlines the procedures and requirements for the...more

King & Spalding

Sharp Teeth: Civil and Criminal Liability for Officers and Directors of Insolvent Saudi and UAE Companies

King & Spalding on

The recent detention of a restructuring professional in the United Arab Emirates serves as a stark reminder that directors and officers of insolvent or distressed companies can face personal liability for their actions or...more

Bracewell LLP

New UAE Commercial Companies Law: Summary of Key Changes

Bracewell LLP on

Background - Federal Law No. 32 of 2021 on Commercial Companies (the New Companies Law) has repealed and replaced Federal Law No. 2 of 2015 on Commercial Companies (the Repealed Companies Law). The New Companies Law,...more

A&O Shearman

UAE Federal Companies Law amended to allow 100% foreign ownership

A&O Shearman on

Federal Decree-Law No. 26 of 2020 (the Decree) has been issued, introducing significant amendments to Federal Law No. 2 of 2015 on Commercial Companies (the CCL). - The Decree amends 51 articles of the CCL and introduces...more

Bracewell LLP

Changes to the Dubai International Financial Centre's ("DIFC") Legal and Regulatory Framework relating to DIFC registered...

Bracewell LLP on

His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as president of the DIFC, vice president and prime minister of the United Arab Emirates (“UAE”) and Ruler of Dubai, has recently enacted a new set of laws...more

Bracewell LLP

UAE Foreign Direct Investment Law

Bracewell LLP on

His Highness, Sheikh Khalifa bin Zayed Al Nahyan, the President of the UAE recently issued Federal Decree-Law No. 19 of 2018 on Foreign Direct Investment (“FDI Law”), giving life to one of the most recently anticipated legal...more

Latham & Watkins LLP

UAE Ministry of Economy Clarifies How UAE CCL Applies to LLCs

Latham & Watkins LLP on

Ministerial Resolution No. (272) of 2016 sets out which provisions applicable to joint stock companies also apply to limited liability companies. Introduction - Since UAE Federal Law No. (2) of 2015 concerning...more

K&L Gates LLP

One Year Extension for Compliance with the New Commercial Companies Law

K&L Gates LLP on

The UAE’s new commercial companies law, Federal Law No. 2 of 2015 (the “New CCL”), took effect last year on 1 July 2015. The New CCL provides that any company that is not compliant with the law must amend its memorandum and...more

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