Unified UAE Legislation Database

Abu Dhabi Law No. 10 of 2021 On the Governance of Family Businesses in the Emirate of Abu Dhabi

Status

In force

Issuing Authority

Ruler of Abu Dhabi

Effective date

XX.XX.XXXX

Official Link

https://

We, Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi

- Having reviewed Abu Dhabi Law No. 1 of 1974 On the Reorganisation of the Government Apparatus in the Emirate of Abu Dhabi and its amendments,

- Abu Dhabi Law No. 2 of 1971 On the National Advisory Council and its amendments,

- Abu Dhabi Law No. 7 of 2018 Reorganising the Department of Economic Development,

- Federal Law No. 2 of 2015 on Commercial Companies, and its amendments,

- Federal Law No. 5 of 2018 on Waqf (Endowment (Waqf)),

- Abu Dhabi Decision  of the Executive Council No. 22 of 2018 On Additional Competences for the Department of Economic Development,

- Based on what was presented to the Executive Council and approved by the Council,

have issued the following law:

 

Article 1 - Definitions

In the application of the provisions of this Law, the following words and phrases shall have the meanings indicated next to each of them unless the context indicates otherwise:

 

Department: Department of Economic Development.

 

Family: Spouse and relatives by blood or affinity up to the fourth degree.

 

Founder: The person who establishe...