Home » Dubai Chambers spotlights legislation governing emirate’s business environment among local companies

Dubai Chambers spotlights legislation governing emirate’s business environment among local companies

by Madaline Dunn

In February, Dubai Chambers organised three legal webinars covering recent developments in legislation governing the emirate’s business environment. These developments included business litigation, corporate compliance, and economic substance regulations and were presented in cooperation with leading institutions and legal firms.

The online sessions saw participation from 196 participants.

The first event focused on business litigation and was hosted in partnership with Al Sahlawi & Co.

There, strategies and prerequisites for effective commercial dispute resolution in the UAE were explored, alongside several areas of litigation that are crucial for achieving business success.

The second webinar focused on corporate compliance. Key topics included the importance of corporate compliance programmes and the latest government frameworks and best practices for managing regulatory and legislative risks.

The third session examined the UAE’s Economic Substance Regulations and shared guidance on compliance requirements, exemptions, and enforcement, as well as the most important frameworks that apply to companies wishing to move to the UAE.

His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Dubai Chambers is dedicated to ensuring the business community is kept fully informed of the latest legislative and legal developments. This comes as part of our continuous efforts to enhance the emirate’s favourable business environment and boost the competitiveness of local companies by ensuring their compliance with laws and regulations.”

Across the three sessions, contributions were made by the likes of Adam Turteltaub, Chief Engagement and Strategy Officer at the Society of Corporate Compliance and Ethics; and Abdul Rahman Naser Al Jaabari, Head of Ethics and Compliance at Abu Dhabi National Energy Company (TAQA), Urs Stirnimann, Chairman of Swiss Academy, and Ahmed Elnaggar, Managing Partner at Elnaggar & Partner.

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