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As a follow-up to our previous
article concerning the proposed changes to Federal Law No.
2/2015 on Commercial Companies (the
CCL ), the UAE has issued Federal
Decree-Law No. 26/2020 (the
Federal
Decree-Law ) setting out the much anticipated
amendments to the CCL.
While this Federal Decree-Law introduces a number of important
amendments affecting LLCs and joint stock companies, in this
article we focus on some of the key amendments that will likely
have an impact on foreign direct investment in the UAE as well as
some amendments affecting the governance of LLCs since they tend to