Financial and Banking News

REGIONAL BANKING

Implementation of UAE Company Law Delayed 

Under pressure from various political and economic groups the UAE Council of Ministers has once again delayed - until the end of 1986 - the implementation of the new UAE Company Law which was first issued in March 1984 and was scheduled to come into effect in July of that year (MEES, 23 July 1984). The postponement follows a memorandum issued before the recent UAE Cabinet decision by the Abu Dhabi...