Significant Amendments to the UAE Commercial Companies Law (December 2020)
Federal Law by Decree No. 26 of 2020 (the Amendment Law), introduces a number of significant changes to the UAE Commercial Companies Law (CCL). The changes not only affect the foreign ownership regime (which has been the subject of much recent press speculation) but will also have an impact on transactional issues for UAE corporates. This briefing provides an overview of the key changes that will be implemented under the Amendment Law.