Problems relating to Trade and Investment on United Arab Emirates

 
24. Indigested legislation, abrupt changes
Issue
Issue details
Requests
Reference
(1) The Risks for Legislative Changes - A contract with TRANSCO (State-owned Enterprise) includes provisions that hold the contractor liable for all risks arising from legislative changes, including the taxation system. - It is requested that GOU changes the provisions that TRANSCO is liable to assume all risks arising from legislative changes, including the taxation system.
(2) Unrealistic Legislative Schemes - As exemplified in the Law on maintenance and administration of tyres promulgated in 2012, abundance of inexecutable laws and implementing regulations has been obstructing a sound business activity.

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