News that a proposed Commercial Fraud Law in the United Arab Emirates may soon be enacted.
There is a useful summary report in The National (here) from November 2013 and news on the Arabic only The Emirates Today (here) that the Financial and Economic Committee of the Federal National Council has announced that the draft law will be sent to the Federal Cabinet to consider.
This part of the Empty Quarter welcomes this news. The existing Law for the Prevention of Fraud and Deception in Commercial Dealings dates from 1979 since when much has changed in the world of commerce.
There is a useful summary report in The National (here) from November 2013 and news on the Arabic only The Emirates Today (here) that the Financial and Economic Committee of the Federal National Council has announced that the draft law will be sent to the Federal Cabinet to consider.
This part of the Empty Quarter welcomes this news. The existing Law for the Prevention of Fraud and Deception in Commercial Dealings dates from 1979 since when much has changed in the world of commerce.
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