News & Analysis as of

Corporate Governance United Arab Emirates (UAE)

A&O Shearman

Whistleblowing: ensure programs are fit for 2025

A&O Shearman on

Whistleblowing has become an increasingly critical aspect of corporate governance and compliance, especially for multinational companies operating across diverse legal and regulatory landscapes. We see increased efforts by...more

K&L Gates LLP

Abu Dhabi Court of Cassation Reiterates the Exceptional Nature of Arbitration Agreements

K&L Gates LLP on

Introduction - A recent judgment from the Abu Dhabi Court of Cassation (Court of Cassation) in Case No. 902 of 2024 (issued on 23 December 2024) reiterates the importance of ensuring that a signatory to a contract containing...more

Awatif Mohammad Shoqi Advocates & Legal...

Fresh Amendments to Law On Financial Audit Authority: Offending Employees Now Face Travel Ban and Asset Seizure

The Emirate of Dubai has recently passed new amendments to the existing “Dubai Law No. 4/2018 on the Establishment of the Financial Audit Authority” (“LAW”). As per the new amendments, financial fraud and misconduct in...more

IR Global

The Abu Dhabi Global Market: A Strategic Hub for International Business and Legal Services

IR Global on

The Abu Dhabi Global Market (ADGM), located in the capital of the United Arab Emirates (UAE), has emerged as one of the world's most important financial free zones. Established to foster financial and commercial activities,...more

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

Bracewell LLP

The New UAE Commercial Agencies Law

Bracewell LLP on

The longstanding UAE Commercial Agency Law (Federal Law No. 18 of 1981 Regulating Commercial Agencies, as amended) (the “Current Law”) is set to be replaced by the newly issued UAE Commercial Agency Law (Federal Law No. 3 of...more

K&L Gates LLP

Brief on the New UAE Cabinet Decision No. 58 of 2020 on Regulating the Beneficial Owner Procedures

K&L Gates LLP on

INTRODUCTION - On 24 August 2020, the United Arab Emirates (UAE) Cabinet issued Cabinet Decision No. 58 of 2020 on Regulating the Beneficial Owner Procedures (the Regulations) replacing Cabinet Decision No. 34 of 2020 on the...more

Morgan Lewis

UAE Companies Must Register Beneficial Owners, Shareholders, and Nominee Directors by October 27

Morgan Lewis on

As the United Arab Emirates (UAE) seeks to bolster its economic substance regulations to comply and align with global trends, companies in the UAE (both onshore and in non–financial free zones) have until October 27, 2020, to...more

BCLP

Emerging Themes in Financial Regulation 2020

BCLP on

Under the Senior Managers and Certification Regime (“SMCR”), firms are required to identify and report to the FCA any instances of disciplinary action taken in relation to conduct that would amount to a breach of one of the...more

Latham & Watkins LLP

Doing Business in the UAE

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Country Background - Formed on 2 December 1971, the UAE is a federal state of seven emirates comprising Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. The UAE federal constitution...more

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