The CCL has introduced a raft of changes to facilitate capital markets transactions. Further SCA regulation will flesh out the detail of the CCL provisions.

Private equity investment is increasingly popular in the MENA region, with asset values expanding and investors taking bigger stakes.

Writing at the end of last year, I noted that a delegation from Guernsey was attending the SuperReturn Middle East conference in Abu Dhabi.

The much anticipated new UAE Commercial Companies Law (Federal Law No. 2 of 2015) (the "New CCL") was published in the UAE Federal Official Gazette on 31 March 2015 and will come into force on 1 July 2015.