The new Commercial Companies Law aims to increase foreign direct funding and reaffirms the UAE’s standing as a leading enterprise hub regionally and globally. The new law applies broadly to any assignment of receivables made as a part of industrial or civil transactions. The Commercial Register Law has been amended permitting native authorities in every emirate to retain the right to establish and handle their industrial information, including registration, information monitoring and change. The law consists of sections on compulsory licenses, addressing the rights of the license holder, the multiplicity of obligatory licenses, and the exception to the circumstances of obligatory licensing by the court. His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, accredited a wide-ranging reform of the country’s authorized system, which aims to strengthen economic, investment and commercial opportunities, the Government Media said Saturday, November 27. There will be disagreement about the reform road …