UAE: Largest legislative reform in nation’s history adopted
The President of the UAE has approved a wide-ranging reform of the country’s legal system, which aims to strengthen economic, investment and commercial opportunities, in addition to maximising social stability, security and ensuring the rights of both individuals and institutions.
Over 40 laws are included in the changes, which together represent the largest legal reform in the young nation’s 50-year history.
The amendments aim to develop the legislative structure in various sectors, including investment, trade and industry, as well as commercial company, regulation and protection of industrial property, copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to society and personal security including as the Crime and Punishment Law, the Online Security Law, and a laws regulating the production, sale and use of narcotics and psychotropic substances.
