Live Webinar: The new UAE Commercial Agency Law – A Game Changer?
The Government of the United Arab Emirates has recently issued Federal Law No. 3 of 2022 regulating commercial agencies (“New Commercial Agency Law” or “New Law”), replacing the current commercial agency law after more than 40 years since its initial enactment i.e., Federal Law 18 of 1981 “(Old Law”).
Repealing the Old Law effective 15 June 2023, the New Commercial Agency Law brings significant legal reforms for commercial agencies, distributors, and principals who will now be able to benefit from a more balanced legal framework and clear rules for their operations. The law provides a much-needed legal update for the foreign principals of commercial agencies operating in the UAE, enabling them to pursue their business goals with greater confidence and security.
In cooperation with the German Emirati Joint Council for Industry & Commerce (AHK), we would like to invite you to the upcoming live webinar on “The new UAE Commercial Agency Law – A Game Changer?” on March 06, 2023 at 12pm (GST) & 9am (CET). Ms. Anja Christine Adam, Partner at SCHLÜTER GRAF will provide an overview of the most notable features of the UAE: New Commercial Agency Law as well as the impact on businesses operating in UAE.
You can register yourself here.
Our legal briefing on the UAE: New Commercial Agency Law can be downloaded here.