The Cabinet approves the issuance of a federal decree to amend some provisions of the Commercial Transactions Law

 The Council of Ministers, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the issuance of a federal law decree amending some provisions of the Federal Law on Commercial Transactions and implementing its provisions starting from the beginning of the year 2022.

The decision comes in light of the continuous efforts made by the UAE government in developing the legislative environment and legal frameworks regulating the commercial and economic sectors in a way that establishes the country's position as a leading regional and international center for business that embraces major international companies and institutions>

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