Dubai: Judicial Authorities Law Amended

Dubai’s Ruler has issued Dubai Law No. 11/2021 amending the Emirate’s Judicial Authorities Law.

The original law is contained in Dubai Law No. 13/2016.

Under the new Law, the Secretariat General of the Dubai Judicial Council will be responsible for providing the administrative services, information, statistics and research required by the Council to carry out its functions and responsibilities. The Secretary General of the Council will be appointed by a Decree issued by the Ruler.

It also states the Secretary General of the Council will be responsible for appointing and supervising the activities of the Secretariat General’s team and the Chairman of the Judicial Council will be responsible for defining the functions and responsibilities of the Secretariat General.

It will be published in the Official Gazette and come into force on its issued date.

They also approved Dubai Decree No. 21/2021 appointing Dr Saif Ghanem Al Suwaidi from Dubai Police as the Secretary General of the Dubai Judicial Council. It repeals Dubai Decree No. 7/2014 on the Secretary General of Dubai Judicial Council and any other legislation which contradicts or contravenes it.

It will be published in the Official Gazette and come into force on its issued date.

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UAE: No Weekend Changes Announced

Gulf News (United Arab Emirates), 6 May 2021: The UAE’s authorities have announced no weekend changes have been approved.

They were responding to rumours on social media.

They suggested the weekend was going to be changed from Friday and Saturday to Saturday and Sunday.

They also dismissed rumours employees in Government and Federal departments will have to work 12 hours a day on Fridays.

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UAE: DP World Launches E-commerce Platform

Al Bayan, 29 April 2021: DP World has announced it has launched an ecommerce platform.

DUBUY.com will be a global electronic wholesale platform and has been launched in Rwanda.

It will be rolled out across Africa and the world.

It will add digital commercial corridors to the actual commercial channels established by DP World across Africa through its investments in ports, terminals and logistics operations.

It also relies on cooperation with local companies and the Rwandan Government to help provide small and medium-sized Emirati enterprises with access to global markets by making use of the integrated supply chain services of the DP World Group This will allow them to meet export orders and receive goods. The platform provides international companies with the opportunity to find new business partners in Africa and serve them in a way which opens up a wide range of access to fast-growing markets.

For full story see https://www.albayan.ae/economy/uae/2021-04-29-1.4152857.

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UAE: Commercial Companies Law Amendments Being Considered

The Undersecretary for Foreign Trade and Industry at the Economy Ministry has announced amendments to the country’s Commercial Companies Law are being considered. If approved, they will allow 100% foreign ownership of onshore companies in the UAE.

The amendments are being finalised. It will enable investors and business in 10 sectors of strategic importance to benefit from the Law.

The relevant sectors and the associated regulations will be included in a Cabinet Decision which will be issued soon.

They added the cancellation of the national service agent requirement came into force on 1 April. It means all existing businesses in the UAE can amend their statuses in line with the Commercial Company Law amendments approved last year.

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GCC: Consultation on Agreement on Inter-state Financial Products Registration Launched

The Committee of the Chairmen of the Capital Market Authorities of the GCC has announced a consultation on an agreement on inter-State financial products registration has been launched. It will be circulated between the bodies which regulate the financial markets in the GCC, and they should their feedback on the most appropriate legislative and legal instrument which should be adopted to register financial products. The General Secretariat must receive these comments by the end of July 2021.