Commercial Law

Commercial law in the UAE governs business activities, transactions, and the conduct of companies operating within the country. Key aspects include:

1. Commercial Companies Law:

• Governs the formation, operation, and dissolution of companies in the UAE.
• Specifies the requirements for different types of companies (e.g., LLCs, public joint-stock companies).
• Recently amended to allow 100% foreign ownership in certain sectors.

2. Contracts and Obligations:

• Regulates the creation and enforcement of contracts between businesses.
• Includes provisions on breach of contract, liability, and remedies.

3. Intellectual Property Law:

• Protects trademarks, copyrights, and patents.
• Enforces rights to prevent infringement and counterfeiting.

4. Bankruptcy Law:

• Provides a framework for businesses facing financial difficulties.
• Includes options for restructuring or liquidating assets to pay off creditors.

5. Commercial Transactions Law:

• Covers various aspects of trade, such as sales, transport, and agency agreements.

6. Foreign Investment Law:

• Regulates foreign ownership and investment in the UAE.
• Encourages foreign investment through free zones and incentives.

7. Dispute Resolution:

• Disputes are typically resolved through the UAE courts or arbitration, especially in complex commercial matters.

These laws are designed to create a business-friendly environment while ensuring legal compliance and protection for all parties involved in commercial activities.