Commercial Companies Law

Article 354 — Article (354) Disclosure of Company's Secrets

Part Eleven: Offences and Penalties

A penalty of imprisonment sentence for up to six [6] months and / or a fine between AED 50,000 and AED 500,000 [five hundred thousand dirhams] shall apply in respect of: 1. Any person that uses information or particulars obtained from the founding committee at any stage of incorporation of the Company, legal or financial consultants, the subscription manager, the underwriter or the parties participating in the incorporation or their nominees. 2. A chairman, Director or other employee of the Company who uses or discloses Company secrets or deliberately attempts to cause harm to the business of the Company.

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