EUR  â¬226.80EUR  â¬189.00 excl. VAT
The Law of Commercial Procedure of the United Arab Emirates
Issuing Law: Federal Law No. 18 of 1993
Series: - Arab and Islamic Laws Series, Volume: 10
Editor / Translator:
The main body of the Law commences with definitions of what consitutes commercial activity: those persons who shall be deemed to be traders, and the conditions of eligibility to engage in trade. It sets out the requirements of accounting and record-keeping which are obligatory for all traders. There is comprehensive legislation of a range of general commercial matters such as commercial houses, trade names, commercial data, commercial obligations and contracts, sale on deferred terms, sale at auction, international sales, commercial pledges and deposits in public depositories. Following this there is detailed regulation of several of the most important specific areas of commercial activity including the different forms of commercial agency, commercil representation, brokerage and carriage of goods and persons. The large section on banking operations is systematic and exhaustive, as is the regulation of actions and transactions involving commercial and financial documents. The last section deals with bankruptcy, composition to avert bankruptcy, the procedures and administration of bankruptcy and its consequences. it is indicated in Article 196 that the establishment of a stock exchange will be subject to the agreement of the Council of Ministers and promulgation of a Federal Law regulating the activity of the Exchange.
Dawoud Sudqi El Alami was formerly a Senior Associate Member of St Anthony's College, Oxford, and Research Fellow at the Institute of Social and Cultural Anthropology, Oxford. He is a member of the Egyptian Bar and has practised as a lawyer there, where he is also qualified to appear before the High Court of Appeal. In 1978 he received a Licence en Droit from Cairo, and received his Ph.D. at Glasgow University in 1990. In 1988-90 he was a Research Fellow at the University of Kent. Dawoud Sudqi El Alami is also an Associate of the Institute of Translators and Interpreters, London and is registered as an overseas lawyer with the Law Society, London.
Introduction. Part 1: Commerce in General Terms. Section 1. Commercial Activity, the Trader and Commercial Books. Section 2. Commercial Houses, Commercial Names, Unlawful Competition, Trade Marks and Commercial Data. Part 2: Commercial Obligations and Contracts. Section 1. Commercial Obligations. Section 2. Commercial Sale. Section 3. Commercial Pledges. Section 4. Lodgement in Public Depositories. Section 5. The Stock Exchange. Section 6. Commercial Agency. Section 7. Brokerage. Section 8. Carriage. Part 3: Banking Operations. Section 1. Bank Deposits and Accounts. Section 2. Current Accounts. Section 3. Bank Lending. Section 4. Operations in Respect of Commercial Documents. Section 5. Operations in Respect of Financial Documents. Section 6. Rental of Safe-Deposit Boxes. Part 4: Commercial Documents. Section 1. Bills of Exchange. Section 2. Promissory Notes (Orders). Section 3. Cheques. Part 5: Bankruptcy and Composition. Section 1. Bankruptcy. Section 2. Composition to Prevent Bankruptcy. Section 3. Crimes in Bankruptcy and Protective Composition. Section 4. Fines and Costs.