UAE Commercial Transactions Law

Article 10 — Article (10)

Book One: Trade in General · Part One: Commercial Activities, Merchants and Commercial Books · Chapter one: Commercial Activities: Article (4)

1. Commercial activities may be practiced and commercial contracts may be created or concluded and the transactions referred to in the preceding Article may be conducted by executing, providing or issuing the same, in whole or in part, physically or virtually, via modern means of technology or on technological media, pursuant to the provisions of the statutes regulating thereof. 2. The virtual commercial activities set out in this Article shall include the provision of services and the practice of businesses and activities related to virtual assets. The Cabinet shall issue the statutes that regulate virtual assets and their service providers. 3. Commercial contracts and transactions provided on technological media or via modern means of technology shall be governed by the same provisions prescribed for similar ones physically provided.

WAWhatsAppTGTelegram