UAE's new companies law to be enacted this year
- United Arab Emirates: Thursday, January 17 - 2013 at 04:40
Dubai Chamber of Commerce and Industry (DCCI) has said the UAE's new commercial companies law is to be enacted this year and it will help boost businesses in the country, Khaleej Times has reported. "I believe it's happening in 2013," said Hamad Buamim, director general of DCoCI. "Three laws are coming more or less together [this year]. Companies law, which I know matured ....; FDI law, which is not a big law, but the bankruptcy law is a challenge," Buamim said. "There is a lot of changes and these new laws will help a lot in attracting new businesses," he added.
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