UAE Commercial Transactions Law

Article 20 — Article (20)

Book One: Trade in General · Part One: Commercial Activities, Merchants and Commercial Books · Chapter two: Merchant: Article (11)

1. Any order issued by the court that the minor who has not attained (18) eighteen calendar years of age or an interdicted person remains in the trade, or to withdraw or restrict the authorization, shall be communicated to the competent authorities by the court to be recorded in the commercial register and published, pursuant to the statutes in force in the State. 2. Where the court orders that the minor who has not attained (18) eighteen calendar years of age or an interdicted person remains in the trade, he shall be liable only to the extent of the funds invested in such trade. 3. Subject to Clause (2) above, the relevant legislation shall govern the proceedings of declaration of the minor's bankruptcy, its cases and effects.

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