Arab Today, arab today key uae laws by yearend
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Key UAE laws by year-end

Arab Today, arab today

Arab Today, arab today Key UAE laws by year-end

Dubai - Arabstoday

The UAE is expected to finalise an insolvency and bankruptcy law by the end of 2012, Minister of Justice Dr Hadif bin Jowan Al Dhahiri said at the Global Policy Conference in Dubai on Monday. “It is in the final stages, but it has to get the approval of other government entities. We are still in discussions with the Ministry of Finance about the current draft,” Al Dhahiri told reporters on the sidelines of the conference. He hopes that it would be ready by the end of this year. Earlier, in his address to the two-day conference on financial restructuring and bankruptcy, the minister said there is a set of legislation that is on its way to the final approval and issuance through constitutional channels in the country. “The departments and the relevant committees in the Ministry of Justice are currently examining a range of important bills, including a draft federal law on foreign investment, a draft federal law on small and medium enterprises, the draft federal law on arbitration in civil and commercial transactions, and the draft federal law on bankruptcy and restructuring,” he said. Al Dhahiri also mentioned that amendments in some existing laws are also under discussion. He thanked the Dubai Economic Council, or DEC, for hosting the conference, stressing that the bankruptcy law is the most important commercial law. “It will restore the rights of all parties. The Government of the UAE is keen to strengthen and enhance the regulatory framework to sustain economic development,” he said. Earlier, DEC Secretary-General Hani Al Hamli said that a clear law is necessary to protect companies and investors in the UAE. It will help to improve the investment climate in the country, Al Hamli said. He praised the strategic direction adopted by the UAE government in the presentation of new draft laws on the various activities of public and private sectors as a way of civilised and advanced step in the way of transparency and the rule of law in economic life. Talking about the reality of financial restructuring and bankruptcy in the GCC countries, Hamli noted that the countries of the region still lack an effective legislation for financial restructuring and bankruptcy, which affected — along with other factors — on the attractiveness of the investment environment in the region, and therefore missed opportunities for growth.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today key uae laws by yearend Arab Today, arab today key uae laws by yearend

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today key uae laws by yearend Arab Today, arab today key uae laws by yearend

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday