Gamal M. Abouali

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On July 30, 2024, the Ministry of Economy (the “Ministry”) of the United Arab Emirates (“UAE”) issued Ministerial Decision No. 137 of 2024 concerning the operation of the registrar of private joint stock companies (“PrJSCs”) and regulations and governance applicable to such companies (the “Decision”).[1]Continue Reading The UAE Government Clarifies Rules Applicable to Private Joint Stock Companies

Foreign investors who, for many years, eagerly awaited the ability to establish majority or wholly owned businesses in the United Arab Emirates (“UAE”) outside the free zones can prepare their bait—but cannot go fishing yet.

Following an announcement made by the UAE Council of Ministers earlier this year, the long-awaited Foreign Direct Investment Law was…