BSA Ahmad Bin Hezeem & Associates

Karam Chehade

UAE practice on restrictive provisions and penalty clauses

It is common practice for parties entering into contractual arrangements to insert restrictive provisions constraining or limiting either of the parties’ legal or contractual rights.  Such provisions work to restrict a party from committing a certain act in the future, or oblige a party to perform a certain […]

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New Federal Commercial Companies Law in the UAE

April, 2015

His Highness Sheikh Khalifa Al Nahyan enacted UAE Federal Law No (2) of 2015 governing the establishing of commercial companies in the UAE. The new law is a departure from the previous corporate governance system regulating commercial companies in the UAE, and is a testament to the UAE […]

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