Dubai Chambers organised five impactful events last month to raise awareness about the recent legal changes in Dubai’s business landscape. Through a series of in-person workshops and webinars, the chambers brought together the business community for detailed discussions of the UAE laws and amendments to existing laws that impact companies as well as shape the business environment in Dubai and the UAE.
Commenting on the significance of these sessions, H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “These workshops form a vital part of our commitment to supporting Dubai’s dynamic business community. We provide Dubai-based companies with an overview of UAE laws and policies and how these impact their business, equipping them with a thorough understanding of compliance requirements to succeed and remain competitive.”
His Excellency added: “As advocates for the interests of the business community, we remain steadfast in ensuring they are fully informed about legislation that is already in effect and planned legal reforms, as well as when these changes will become a reality for their businesses. Our role is to guide and assist Dubai-based companies while promoting a favourable business environment in the emirate.”
Held at the beginning of October in collaboration with Clyde & Co, the first webinar attracted 67 participants. The session provided attendees with a detailed overview of the UAE Companies Law and the recent amendments to the Dubai International Financial Centre (DIFC) Companies Law and featured a comparison of the critical provisions between both legislations.
The second workshop of the month addressed critical concerns surrounding the future of data privacy and protection, emphasising the rapid progress of Artificial Intelligence (AI) and related technologies. Hosted in cooperation with Galadari Advocates & Legal Consultants, the workshop shed light on the present global landscape in relation to the evolution of AI and its implications for individuals’ personal data. The workshop also took a deep dive into contemporary cases involving AI and data breaches.
In October, the chambers’ third event was organised in collaboration with Habib Al Mulla and Partners to discuss issues relating to commercial contracts when doing business in Dubai. The workshop, which attracted 46 attendees, reviewed key aspects of contracts, examined case studies, and highlighted key legal provisions used in commercial contracts.
This was followed by an Arabic webinar on bounced cheques, which shed light on the amendments to the provisions of UAE Commercial Transactions Law that came into effect in January 2022. Presented in partnership with the Habib Al Mulla Academy, the webinar elaborated on the decriminalisation of bounced cheques as one of the key amendments to the law, which was implemented to enhance the dynamics of business transactions and revitalise commercial dealings.
The fifth workshop organised by the chambers in October looked into the legal aspects of corporate restructuring. Delivered in collaboration with PwC Legal Middle East, the session examined key aspects of corporate restructuring requirements, challenges, and opportunities.
