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The new UAE law on commercial companies - what does it mean for foreign investors?

May 2012 - Corporate & Commercial. Legal Developments by Hadef & Partners.

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The long-awaited UAE law on Commercial Companies which, at the date of writing, is in a draft form (New CCL) is expected to be promulgated in the coming months. The New CCL will introduce a number of new provisions, which set out major, and generally welcome, departures from the existing UAE Law on Commercial Companies (Existing CCL).

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