Following today´s webinar with Andrés Ring of SCHLÜTER GRAF Legal Consultants, we are happy to share the presentation on: Current Developments in Claims Management & Commercial Disputes in the UAE
UAE´s Positive List for 100% Foreign Ownership – Cabinet Resolution Finally Published in the Official Gazette
Last spring the UAE business and legal news were full of reports on the (draft) “positive list” as circulated by the authorities. This draft “positive list” provided for some sectors of the economy in which 100% foreign ownership could be permitted by the licensing authorities in each emirate. However, many were not aware that last year’s circulated positive list has never actually entered into force. Now, with all eyes of the public and the media on the Covid19 pandemic and the measures to fight it, many might have missed the fact that the positive list has only now entered into force as Cabinet Resolution No. 16 of 2020 after its very recent publication in the Official Gazette. Therefore, it is worth to provide a short recap of relevant information on the positive list. A set-up under the new Cabinet Resolution could be an option for foreign companies in certain areas of business to establish themselves in the market without local majority co-ownership.
The full text of the Cabinet Resolution in Arabic is attached to this article together with a courtesy translation into English.
Please CLICK HERE
Attached a circular from Dubai Health Authority on management of a suspected case of COVID-19.
Following today´s webinar with Jakob Kisser of Strohal Legal Consultants, we are happy to share the presentation on: Employment & Contract Law Related Issues in Light of the Corona Crisis
Attached a presentation of Scott Livermore (Chief Economist, Oxford Economics ME) held in a web meeting for NYUAD: The Impact of the Coronavirus on the Outlook for the Global Economy and the GCC
Please see the circular of the Dubai Chamber on the Community Solidarity Fund against COVID-19:
The Austrian Embassy – Commercial Section published a “Special Report on Economic Stimulus Packages in Abu Dhabi and Dubai” PLEASE CLICK HERE
1.DM Circular – Exempted Categories from Movement Restriction
3. Extension of Circular on Closure of Government Transactions Centres
4. Food Supplements Trading Stores
5. Suppliers of Building Materials to Construction & Contracting Sectors
6. Warehouses & Delivery Services Supporting e-Commerce Sector
Dear Members,
In phone calls over the past week with some of you, we proposed to set up a frequent “virtual get-together” for ABC members: A small group of members getting together on a video conferencing platform with the sole purpose of exchanging experiences, information, solutions and concerns regarding the current situation – basically an “After Work” chat but without a complimentary drink “¦ 🙂
The feedback from most of you on this idea was very positive – so let´s give it a try! We have been setting up these virtual get-togethers on a daily basis starting Sunday, April 05 and – for a start – will continue until Thursday, April 09.
In order to make them meaningful and fruitful, the number of participants will be limited to 8 persons per session (including the host). Please join by following the link to reserve your slot:
https://www.supersaas.co.uk/schedule/AustrianBusinessCouncil/Virtual_Get-togethers
Every confirmed participant will receive a link by email to enter the video conference session.
We are flexible in our approach: even if a slot is already fully booked, you can enroll in a waiting list – if there are enough people on the waiting list we might add another virtual get-together on that day. Likewise, if there is no interest or not enough interest for a slot, we will cancel that session. In the meantime we will continue to inform you about interesting webinars in our newsletters.
We look forward to meeting you in one of the virtual get-together sessions!
Stay safe!
Austrian Business Council Dubai & The Northern Emirates
Austria Business Center
Concord Tower, 6th floor
P.O. Box 126732
Dubai Media City
United Arab Emirates
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