Commercial Transactions Law UAE
2022-11-15An attorney with experience in commercial transactions law in UAE can make the difference between winning a commercial lawsuit and losing it. Here, we will discuss the primary services of a lawyer with knowledge in commercial transactions law UAE at one of Dubai’s best law firms that can provide you with commercial law, banks, companies, and financial issues.
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Commercial transactions law UAE.
Commercial law plays a vital role in the UAE as the cornerstone of each retail transaction and the adjudication of those transactions. Due to the UAE’s emphasis on economic and trade rules that align with international trade activities, their commercial law is among the most modern.
In the Emirates, the commercial transactions law in UAE is designed to meet the needs of both local and global customers. The law is even trying to give preference to commercial matters to achieve such.
Therefore, it is imperative to study commercial transactions law UAE with a lawyer who is experienced and knowledgeable about its details, as well as having reviewed the various urgent amendments and updates, because it is crucial to protect the legal rights of banks and companies involved in commercial transactions.
A team of Al Balushi Advocates and Legal Consultants in Dubai will provide you with the service you need and are looking for. They are responsible for representing the parties to the dispute and filing on behalf of their clients in the relevant courts, as well as ensuring that the company’s form, procedures, establishment, and contracts follow the various legal systems.
In addition to handling commercial cases and disputes between companies and traders in UAE, the best commercial lawyer in UAE also offers alternative ways to resolve these disputes, such as commercial arbitration, which is an alternative to judicial disputes, which can be time-consuming and expensive.
Al Balushi Advocates and Legal Consultants has the best commercial lawyer in UAE. Following the sound legal frameworks of the United Arab Emirates, he provides commercial legal services with credibility, confidentiality, and transparency.
Best Commercial Lawyer in UAE.
As part of the Younis Al Balushi office, we have the best specialized commercial experts with knowledge and experience in the field. As a result of our deep understanding of our client’s needs, we can provide balanced, practical advice to them.
While staying up-to-date on the latest regulations and laws, we know local and federal laws. Providing the best results for our clients and impacting the business. In terms of commercial transactions law UAE, companies law, and other related services, our best UAE commercial lawyers have a lot to offer.
Among our legal services provided by a commercial lawyer in UAE:
- A specialized contract attorney can assist with the conclusion of commercial contracts.
- If a lawsuit is filed against the company, we represent the company.
- Legal advice for all businesses that is accurate and up-to-date.
- Registration with the authorities is required in addition to creating various agency contracts.
- The representation of companies in UAE courts of all kinds
- Expert legal representation during meetings requiring an experienced commercial attorney.
- In legal warnings, write them and direct them to the appropriate people.
- Company formation in all its forms, including joint-stock companies, limited liability companies, and partnership companies, by the federal law of the Emirates.
Younis Al Balushi office comprises a team of commercial law experts with extensive experience in commercial transactions law UAE and in-depth knowledge of corporate law.
Legal advice for commercial companies.
With the best commercial lawyers in UAE, you can find high-quality legal solutions to ensure success in various commercial projects. There are several areas in which a UAE commercial lawyer can provide legal advice according to commercial transactions law in UAE, including:
- Redrafting and reviewing contracts.
- A corporate finance professional and project finance professional.
- A financial restructuring consultation service.
- Providing legal advice on trademark law and trademark registration, patents, reservations of trade names, and intellectual property issues relating to sole proprietorships.
- A legal advisory service focuses on damages, claims, and fraud before litigation.
- The firm advises companies and commercial organizations on reorganization and commercial arrangements.
- Advice regarding government tenders and institutional issues.
- Creating companies in free zones is something we provide commercial legal advice on.
- Assisting organizations and governments with organizational and strategic advice based on legal and regulatory requirements.
- Legal representation for commercial and industrial companies, import and export companies, contracting, transportation, and other commercial aspects provided by commercial lawyers with extensive experience.
Changes in the UAE Commercial Companies law.
As a result of the changes, UAE companies will be allowed to be wholly owned by foreigners:
- UAE agents will no longer be required under the changes.
- These changes will replace Foreign Direct Investment Law No. 19 of 2018.
- Limited liability companies and joint stock companies will be affected by the changes.
- With the changes, local authorities can allocate capital and corporate boards of directors based on a specific percentage of UAE nationals, approve foreign company incorporation applications in Dubai, and set fees and costs by UAE cabinet policies and commercial transactions law UAE.
- Using an IPO, companies can sell 70 percent of their company shares instead of 30 percent, which limits their ability to become joint stock companies.
- By amending the law, the UAE Cabinet would be authorized to set up an expert committee comprised of representatives of relevant authorities to prepare “strategic impact” activities and measures for licensing companies operating in these areas.
- A general assembly meeting may be conducted with electronic voting.
- The Securities and Commodities Authority can evaluate in-kind shares and names of stakeholders who attend general assemblies of companies under the new systems and procedures.
- Non-stakeholder members of the board will be allowed to be appointed without specifying a specific percentage. In fraud or abuse of power, the chairperson may be dismissed.
- Stakeholders can sue a company for damages resulting from a failure to perform their duties.
- In the new system, companies can issue bonds and convert them into shares to finance capital increases.
- The amended law will take effect one year after adoption, and companies will have one year to comply with the changes. By the Minister of Economy’s proposal, the Council of Ministers may extend this period.
Q&A.
In this article, we have concluded our discussion on the commercial transactions law UAE, through whom we discussed what the best commercial lawyers in our office could offer you. There was also a discussion on the many services you can get from a commercial lawyer in Dubai that you can find helpful.
In the office of Lawyer Younis Al Balushi in UAE, the Commercial Cases Section deals with all cases that fall under the jurisdiction of the commercial courts in UAE. It is responsible for offering legal advice and pleadings in all cases that fall under this jurisdiction. To contact us, click here.
You are also recommended to read about top law firms in Dubai and law firms in UAE.
المستشار القانوني في مكتب يونس محمد البلوشي.
مستشار قانوني لديه إجازة في القانون وله أبحاث ومقالات قانونية عديدة تم نشرها في أهم المجالات العالمية التي تعنى بالشأن القانوني. مثل:
– مجلة الندوة للدراسات القانونية.
– المجلة الدولية القانونية.
– مجلة العلوم السياسية والقانون.
كما له عدة دراسات لحالات وقضايا في تخصصات مختلفة: كالقانون الدولي, القانون الجنائي, قانون المعاملات المدنية, قانون المعاملات التجارية وغير ذلك.
المستشار القانوني في مكتب يونس محمد البلوشي للمحاماة والاستشارات القانونية لديه سنوات عديدة من الخبرة وباع طويل في الترافع أمام محاكم دبي ومختلف محاكم الإمارات العربية المتحدة.