Problems relating to Trade and Investment on United Arab Emirates
24. Indigested legislation, abrupt changes |
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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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