Ministerial Decision No. 215/2023 On the Controls and Standards for Assessment of the Volume of the Agent’s Investments in the Commercial Agency to Request Non-Enforcement of the Provisions Related to the Expiration of the Commercial Agency Stipulated in Clauses (A) And (B) of Article 9(1) of Federal Decree-Law No. 50/2022 on the Commercial Agency Thereof Ten Years Before the Effective Date of the Law
Type
Law
Issued on
11 Dec 2023 (corresponding to 27 Jumada Al-Awwal 1445 H)
Nature
Ministerial Decision
Jurisdiction
United Arab Emirates
Taxonomy
General Commercial Law, Agency
Copyright
SADER
The Minister of Economy,
After perusal of Federal Law No. 1/1972 on the competencies of the Ministries and powers of the Ministers, and its amendments;
Federal Decree-Law No. 32/2021 on Commercial Companies;
Federal Law No. 3/2022 on the Regulation of Commercial Agencies;
Federal Decree-Law No. 50/2022 promulgating the Commercial Transactions Law;
Cabinet Decision No. 89/2023 on the list of administrative penalties for acts committed in violation of the provisions of Federal Law No. 3/2022 on the Regulation of Commercial Agencies; and
Based on the proposal of the Undersecretary of the Ministry,
Has decided: