The UAE Commercial Companies Law (Federal Law No. 2 of 2015) (the CCL) entered into force on 1 July 2015, replacing Federal Law No. 8 of 1984.
A number of key changes were brought about by the enactment of the CCL, which introduced new legal concepts into the UAE's corporate framework and impacted established market practices.
This briefing note contains an update on legislative and practical developments in the UAE market following the introduction of the CCL.