Recent Amendments to DIFC Companies Law

On 18 September 2009 the Dubai International Financial Centre (DIFC) announced amendments to the DIFC Companies Law (2/2009). Notable amendments include:

• new approval requirements for the adoption of non-prescribed articles of association for all limited liability companies in the DIFC;
• changes to how shareholders and directors may participate in meetings; and
• new filing requirements for foreign companies.

Minor amendments were also made to the DIFC Insolvency Law (7/2004) to reflect the amendments to the Companies Law and previous amendments to the Insolvency Regulations.

This article was originally edited by, and first published on, www.internationallawoffice.com - the Official Online Media Partner to the International Bar Association, an International Online Media Partner to the Association of Corporate Counsel and European Online Media Partner to the European Company Lawyers Association.