As the UAE continues to consolidate its position as a leading global hub for family offices and ultra-high-net-worth (UHNW) families as highlighted in our previous publications, and as part of a broader legislative reform that impacted many industries, the UAE has recently adopted a new civil transactions law that has introduced some significant changes to the legal framework in the country. This reform provides an opportunity for family offices in the region to review their existing structures and consider how they can be improved.
Our firm’s Corporate and Dispute Resolution teams are working closely to assess the practical impact of the new law across key sectors and transaction types, including as they related to family offices and UHNW families, and we would be pleased to discuss how these reforms may affect your existing or future arrangements.
