Key change to UAE company law announced

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued Federal Decree-Law No 7 of 2018 amending articles within Federal Law No 2 of 2015 on Commercial Companies.

The decree stipulates that Article 14 of Federal Law No 2 shall be amended to reflect that the Memorandum of Association of a company and each amendment thereto shall be made in Arabic and attested by a competent authority, failing to do so will render the Memorandum of Association or the amendment null and void. (WAM)