UAE competition Law

The expiration date is looming for the six month transitional period granted to the Federal Law No. 4 of 2012 (the “Competition Law”) On 23 February 2013, the new Competition Law came into force in the UAE, prohibiting certain types of restrictive agreements and abuses of dominance, and introducing merger control. The 23 August 2013 marks the end of this transitional period. In the run up to August, no penalties are likely to apply for non-compliance with the Competition Law.

The UAE’s Draft Commercial Companies Law (CCL) introduces some significant changes to the existing CCL (Federal Law No. 8 of 1984). Already approved by the UAE Cabinet, the Draft CCL is expected to become law in the next few months.

Chris Lester, Jade Laktineh and Saad Khananiof the Abu Dhabi office and Charles Fuller of the Dubai office have prepared a five-part briefing series highlighting some of the key expected changes to the Draft CCL which covers changes