“The UAE and Dubai: A Melting Pot of Past and Future, Race, Culture, and Capital”by Hyun Jong Kim, Expert Opinion, EMERiCS (Emerging Markets Information Service), Korea Institute for International Ec
- 연구실 민들레
- Mar 30
- 1 min read
【Table of Contents】
Changes in the Judicial System of the UAE and Dubai
Amendments to the UAE Commercial Companies Law and Shifts in Foreign Investment Policy
Business Environment Changes Driven by Labor Law and Visa Policy Reforms
Trade and Tax Environment Developments and Regional Dynamics
Conclusion: A Full Deck of Cards
【Summary】HD Hyundai Construction Equipment recently achieved a significant legal victory in a dispute with its exclusive local distributor in the United Arab Emirates, resulting in a favorable final judgment and the cancellation of the distributor’s local registration. This outcome has paved the way for the company to launch a new business model starting in 2024.
The dispute centered on the termination of an exclusive commercial agency agreement in the UAE. It began with preliminary preparation in 2017, followed by the formal launch of litigation in late 2018. After nearly five years of proceedings, the UAE courts issued a final ruling in October 2023.
#Exclusive Agency in the UAE#Middle East#Commercial Litigation in the UAE#HD Hyundai Construction Equipment
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