Corporate Governance Archives

UAE: New Corporate Governance Guidelines for Listed Companies

April 21, 2020 By Omar Momany, Mazen Boustany and Tala Shomar 3 Mins Read

In February 2020, the Chairman of the Securities and Commodities Authority (SCA) has issued Board Resolution No. (03/R.M) of 2020 which adopts the new Corporate Governance Guide for Public Joint-Stock Companies (the Resolution). The Resolution will come into force on 28 April 2020 and will repeal the previous SCA Chairman Resolution No. (7 R.M) of 2016 on the Standards of Institutional Discipline and Governance of Public Joint-Stock Companies. The Resolution introduces new corporate governance rules…

COVID-19 in the UAE: Where are we now?

March 30, 2020 By Mazen Boustany, Borys Dackiw, Omar Momany, Sandeep Puri, Kellie Blyth and Joanna Matthews-Taylor 1 Min Read

As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, governments are actively working with global and local health authorities to implement nationwide measures to help curb transmission and mitigate virus-related risks as well as offer relief for businesses and individuals in these challenging times. In response, businesses and government institutions across the UAE are taking necessary action to minimise the impact of the pandemic on their operations, workforce and supply chains, in…

UAE: New regulations to aid setting up and doing business in the DMCC

February 11, 2020 By Omar Momany and Rony Eid 4 Mins Read

The Dubai Multi Commodities Centre (DMCC) Authority has recently issued new rules and regulations (the New Regulations) to aid the process of incorporation of companies and doing business in the DMCC more generally. The New Regulations have come to effect as of 2 January 2020.With the New Regulations, the provisions of the UAE Federal Commercial Companies Law No. 2 of 2015 no longer apply to DMCC Companies, indicating that the New Regulations are intended to…