Commercial and Corporate Law
Corporate laws and regulations in the UAE are administered at a Federal level, state level, as well as at each Free Zone level.
There are also different regulations and circulars issued by the various ministries and authorities in each Emirate which must be implemented by any company incorporated here in the UAE. Yungo’s lawyers have a vast experience of incorporating, restructuring and managing companies both onshore as well as free zones.
It is important to remain abreast of any new circular or regulation as it is not always clear nor can there be much fore-warning before being published. They can therefore have a substantial adverse impact on any business if (a) the company has no notice of them and/or (b) the company does not comply for whatever reason and/or follows the wrong procedure for compliance.
Our lawyers with their international backgrounds are best positioned to provide clients with commercially focused advice on all types of commercial relationships, whether it be for joint ventures, cross-border mergers and acquisitions, franchising or supply and distribution agreements. Understanding the industry and the day-to-day issues faced by our clients is critical to our success.
The legal system in the UAE can seem daunting at times, however, compared to many jurisdictions, commercial law is far less cumbersome. The government is constantly moving to improve the legal infrastructure in an effort to encourage foreign companies to establish and invest in the economy. Most importantly, because the legal system is comparatively young, the law makers are able to move nimbly and quickly in updating laws allowing the system to run in harmony with economic market movements.
Yungo offers advice on the following:
- Business formation and company restructuring, acquisitions, transfers, disposals and joint ventures;
- Due-diligence checks and purchase and sales of businesses;
- Sale Purchase Agreements;
- Banking and Finance Facility Agreements;
- Service Agreements;
- Non-disclosure Agreements; and
- Various regulatory advice.
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