Changes to Company Norms

May 1, 2016

ZouhdiYakan, Partner at Law House Advocates & Legal Consultants, explains the implications of the new Federal Law No. 2 of 2015 concerning Commercial Companies on private joint stock companies. The new law (NL) repealed the previous Commercial Companies Law – Federal Law No. 8 of 1984 (PL) and came into... View Article

New rules for UAE companies

October 4, 2015

Camille Chamoun, Partner at Law House, explains how the UAE’s new Commercial Companies Law will impact businesses in the UAE The eagerly awaited new Commercial Companies Law came into effect on 1 July 2015 as UAE Federal Law no. 2 of 2015, (CCL). Despite what was anticipated, the new law... View Article

Cheque mate

June 30, 2015

Nehro Haggag, Legal Advisor for Law House, explains the definitions, the importance and the differences between payable cheques and cheque guarantees. A cheque is a method of payment that is due to be fulfilled and is used as a substitute for cash in transactions. Cheques are also commercial papers ranked first in commercial... View Article

No cap on judicial fees in Abu Dhabi: analysis and effects

September 1, 2014

Will the new legislation about court fees deter frivolous lawsuits or punish those with justifiably high claims? Zouhdi Yakan, Partner-Law House Advocates & Legal Consultants, weighs up the consequences. Under the new Law No. (6) of 2013 Concerning the Judicial Fees in the Emirate of Abu Dhabi (New Law) which... View Article

Business law

June 24, 2014

Camille Chamoun of Law House explains how a new law in the UAE is laying the foundations for knowledge-based economy Small and Medium size Enterprises (SMEs) are recognised worldwide as a tool of economic growth. SMEs are universally recognised as important because they contribute to economic growth, create employment and... View Article

Safe as houses?

March 23, 2014

Camille Chamoun of Law House explains all about the new mortgage law UAE Central Bank introduced late last year. As part of its efforts to regulate the financial market and ensure its stability, the UAE Central Bank issued, in October 2013, Circular no. 31/2013 Regulating Mortgage Loans (the Regulations). The... View Article

Tightening regulation

February 10, 2014

In August 2012, the UAE Security & Commodities Authority (SCA) unveiled new rules aimed at tightening up regulation on investment funds; Emirates Review investigates what effect this has had on the market. Up until the new Investment Funds Regulation came into force, responsibility for approving domestic funds and foreign funds... View Article

Company Law 2013: a welcome improvement

October 6, 2013

The new commercial companies law brings the UAE’s business landscape up to global best practices. Good news for the business world in the UAE – the new commercial companies law is almost here. The original company law, enacted in 1984, was long overdue for an update. The new law, being... View Article

New competition law for UAE

July 6, 2013

In an effort to create a more business-friendly environment in the UAE, the Government has drawn up a new competition law that will take effect from 23 August this year. On 23 August, a new competition law will come into force in the UAE. It heralds the UAE’s first introduction... View Article

What you need to know about FATCA

April 6, 2013

Heard of FATCA but not sure what it’s all about? The Foreign Account Tax Compliance Act (FATCA) basically means that US citizens will no longer be able to evade tax by hiding assets offshore. Elias Stephan, Managing Partner of Law House explains how this might impact this region. Under FATCA,... View Article