Are the norms of English law applicable to residents of Free Zone DUQE?

Dear Questioner,

The laws applicable to residents of Free Zone DUQE in the UAE may vary depending on the specific free zone and its regulations.

Generally, the laws of the UAE apply to all residents, including those in free zones. However, some free zones may have their own regulations and laws that may differ from the laws of the UAE.

Regarding the question of options, the laws of the UAE, specifically the Commercial Companies Law, govern the issuance and regulation of options for companies in the country.

English law may also be applicable if the company is registered in a free zone that allows for the application of English law.

For dividends, the laws of the UAE, specifically the Commercial Companies Law, also regulate the distribution of dividends for companies in the country.

English law may be applicable if the company is registered in a free zone that allows for the application of English law.

It is important to note that the laws of the free zone may also have specific regulations regarding the distribution of dividends.

Dear Questioner,

Thank you for your inquiry regarding the application of English law and UAE law in the Free Zone DUQE.

The legal framework in Dubai's free zones, including DUQE, primarily follows the regulations set by the Dubai Free Zone Authority.

While these free zones often have their own set of regulations, they generally adhere to UAE federal laws.

1. Regarding the options:

- UAE Law on Options:

Options, as financial instruments, are typically governed by the UAE Securities and Commodities Authority (SCA) regulations. These rules cover various aspects of trading and investment in financial markets within the UAE.

- English Law Application:

In some cases, parties may agree to use English law to govern their contracts, provided it does not conflict with UAE public policy. However, for specific regulatory matters within free zones, UAE law usually takes precedence.

2. As for dividends:

- Dividends in UAE Law:

The distribution of dividends is generally regulated by the UAE Commercial Companies Law. Companies in free zones must also comply with the relevant free zone regulations concerning profit distribution and financial reporting.

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