Overview
Federal Law No 2 of 2010 amending provisions of Federal Law No. 18 of 1981, which regulates commercial agencies in the UAE has now been gazetted, reversing some of the amendments made in 2006 to the Federal Law No.18 of 1981 and introducing some new amendments.
Changes include the re-instatement of the Commercial Agency Committee, whose role is to review any dispute pertaining to commercial agencies.
Foreign principals will be prevented from terminating or refusing to renew the agency unless they can show to the Committee and/or court “a material reason justifying its termination or non-renewal”.
This briefing from UAE-based Hadef has the details.
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