Overview of Shareholders' Statutory Access Rights in the UAE
Type
E-journal
Date
13 Mar 2012
Jurisdiction
United Arab Emirates
Taxonomy
Companies & Corporate Bodies, Private Companies, Partnership & Limited Partnership, Public Companies
Copyright
LexisNexis
Relevant company
Hadef & Partners
Legal reference
Federal Law No. 8/1984
Analysis
There has been an increasing focus on good corporate governance practice and shareholders' rights in businesses operating in emerging markets
A shareholder's right to access relevant company information is particularly important in aid of monitoring a company's affairs and enabling informed decision making. The types and scope of access rights depend on the chosen corporate form, and this area of law remains to be developed in detail under applicable UAE law.
In brief
Shareholders' access rights are one of the elements that should be considered when choosing an appropriate corporate form in certain circumstances.
Shareholders' access rights must be used reasonably and without prejudice to the company's interests.