Published September 1st, 2020
Family Ownership Law
In a landmark move, Law No. (9) of 2020 regulating family-owned businesses in Dubai was issued in September of 2020. The original bill was prepared by Fadi Hammadeh of Al Futtaim Group in 2013. The general counsel provides a comprehensive overview of the new legal framework and how it facilitates protection, expansion and successful transition of family firms.