A new achievement by UAE which is approved a wide-ranging reform of the country’s legal system as UAE aims to strengthen economic, investment and commercial opportunities, by adopting largest legislative reform in its history and wants to maximizing social stability, security and ensuring the rights of both individuals and institutions which a great step by a great country
The amendments aim to develop the legislative structure in various sectors, including investment, trade and industry, as well as commercial company, regulation and protection of industrial property, copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, This is in addition to laws related to society and personal security including as the Crime and Punishment Law, the Online Security Law, and a laws regulating the production, sale and use of narcotics and psychotropic substances.
The new legislative changes came after intensive coordination at both the local and federal levels, where teams comprising 540 specialists and experts from 50 federal and local authorities have worked together over the past five months in consultation with over 100 private sector organizations in order to reflect global best practice in the new legal provisions.
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