On 19 December 2019, the UAE government adopted a new federal law which replaces Law No. 4 of 1983 on the Pharmacy Professional and Pharmaceutical Establishments and Law No. 20 of 1995 on the Drugs and Products. Law No. 8 of 2019 on Medical Products, Pharmacy Profession and Pharmaceutical Establishments (the new Law) aims to consolidate and modernise the legal framework under which medical products are placed on the UAE market. The new Law applies…
On 2 July 2019 the United Arab Emirates (UAE) Cabinet announced the relaxation of foreign ownership restrictions for 122 business activities specifically in the manufacturing, agricultural and services categories. This follows the issuance of the new Foreign Direct Investment (FDI) Law in September 2018 to open up the UAE mainland market to foreign investors.
We are pleased that many of you were able to attend Baker McKenzie’s recent seminar in Dubai in January 2019, focusing on how companies in the Middle East can manage the key issues faced when integrating and transforming a business. We hope you found the session interesting and informative.
Leading global law firm Baker McKenzie recently hosted a seminar in Dubai in January 2019 focusing on how companies in the Middle East can manage the key issues faced when integrating and transforming a business, with practical guidance on the key employment, tax, and compliance and corporate governance issues.