Regulatory Alerts2015-01-01
Federal Law No. 94 of 2015 Concerning Commercial Agencies
Issued by the UAE Federal Supreme Council, this law amends Federal Law No. 18 of 1981 to regulate commercial agency agreements between foreign manufacturers and local UAE agents. It mandates the registration of all commercial agencies with the Ministry of Economy, establishes strict criteria for agency contracts, and outlines procedures for contract termination, renewal, and dispute resolution. The legislation aims to protect local agents while ensuring compliance with international trade standards and transparent commercial practices.
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