Clifford Chance
Perspectives on the New CCL - What do lenders need to know?
1 June 2015
When the new UAE Commercial Companies Law (Federal Law No. 2 of 2015) (the New CCL) enters into force on 1 July 2015, it will introduce a number of concepts and amendments to the existing law which are likely to have a significant impact on loan documents and lending practices in the UAE.
This briefing sets out the key changes introduced by the New CCL which we anticipate will be of particular importance to lenders and our initial views on their likely impact.
