There has been a massive amount of new legislation in the Gulf States. Most of the Gulf countries now have sophisticated commercial codes, laws dealing with the incorporation of companies as well as legislation governing copyright and trade marks. Property laws are developing rapidly. The process is continuing – the UAE now has some environmental legislation which is likely to impact on new industrial projects. The increase in project financing and moves towards privatisation, all of which involve international banks, is helping to bring the Gulf states in line with other jurisdictions with a longer history of legislation.
Giles has written an article about doing business in the Gulf and Middle East for the Telegraph Business Club, we’ll be publishing information based on this to the blog in 3 further segments:
ContractStore supplies a range of legal documents to assist those wishing to trade in the Middle East, including two free documents: