Law No. (27) of 2005 shall be replaced by the following texts: Article (3): The main office of the Chamber shall be in Abu Dhabi city and branches or offices thereof may be established inside or outsid

Article 3 — The main office of the Chamber shall be in Abu Dhabi city and branches ¶

or offices thereof may be established inside or outside the Emirate by the
Board resolution.

Article 8 — The General Assembly may be called to convene at the request of at least ¶

(10) Board members or (20%) of the members of the General Assembly
when the need arises to discuss particular subjects in the presence of not
less than (50%) of those who has requested the meeting. If such quorum was
not met in the first meeting, the General Assembly shall be called to hold a

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second meeting after the lapse of at least (10) days, and the second meeting
shall be deemed valid regardless the number of attendees.

Article 11 — The General Assembly shall have the following competences: ¶

1. Discuss the reports submitted by the Board thereto.
2. Discuss the budgets and accounts of the Chamber.
3. Any matters related to the commercial and industrial sector submitted by
the Board or any member thereof to the General Assembly.

Article 16 — • The Chamber shall be managed by a Board of Directors consisting of ¶

at least (15) members to be appointed by a Chairman of the Executive
Council Resolution which shall also determine the Chairman of the Board
and his deputies as well as the treasurer and his deputy.
• The Board’s term shall be three renewable years.
• The Board shall continue to assume its competences after the expiry of its
term until a resolution is issued for its reformation.
• If the number of the Board members becomes less than two thirds, a
resolution shall be issued by the Chairman of the Executive Council to
complete the number or reform the Board.
• In all cases, the Board’s term shall be considered as expired if the number
of the Board members becomes less than half at any time.

Article 26 — Clause 8): ¶

• Form permanent and temporary committees from among its members
or others to carry out the functions stipulated in the resolution of their
formation provided that they submit their recommendations to the Board
so that the latter takes the appropriate decision.
Article (2)
The following competences shall be added to the competences set forth for
the Chamber in Article (5) of the aforesaid Law No. (27) of 2005:

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1. Provide counselling and advice to the members of the Chamber in legal,
commercial, economic or technical matters and provide them with the
available information registered therewith.
2. Seek to realise the interests, vision and strategies of the Emirate by
cooperating with international and regional specialised organisations,
receive the visiting trade delegations and missions and send trade
delegations abroad, and organise conferences and seminars.
3. Authenticate the signatures, seals, documents, certificates, contracts
and other documents related to commercial transactions as needed by
the members of the Chamber to achieve their businesses.
4. Form business groups, councils and associations and grant them the
necessary approvals in coordination with the Department of Economic
Development and in accordance with the Regulation approved by the
Council in this regard to exercise their activities.
5. Contribute in solving commercial and industrial disputes through
conciliation, reconciliation or arbitration by establishing conciliation
and arbitration centres, and issue their articles of association and their
bylaws.
6. Own, manage and invest in movable and immovable property and conduct
lending, borrowing, rental, leasing and mortgage.
7. Establish companies and institutions and enter into partnerships in order
to invest their money and develop their income.
Article (3)
A new Article shall be added to the provisions of the aforesaid Law No. (27)
of 2005 under number (30 bis) to read as follows:

Article 30 — bis): ¶

• “The Board shall form a Council composed of prominent businessmen
in the Emirate and of influential and renowned people from different
economic sectors under the name of “Businessmen’s Advisory Council”

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that shall assume the following competences:
1. Serve the interests of traders and businessmen in the Emirate and
strengthen the relations between them.
2. Lay down the suggestions related to the traders’ affairs and study the
disputes arising between them.
3. Study manifestations of negative trade.
4. Assist the traders to overcome the crisis that they face.
5. Any other competences assigned thereto by the Board.
• The by laws shall determine the number of its members as well as the
method of election of the Chairman and Vice-Chairman, the way of taking
its decisions, the validity of its meetings and its competences.
Article (4)
• Articles (9), (12), (13), (17), (18), (19), (22), (23) and (Clause 3 of Article
26) of the aforesaid Law No. (27) of 2005 shall be repealed.
• Any provision contrary to the provisions of this Law shall be repealed.
Article (5)
This Law shall be effective from the date of its issuance and published in the
Official Gazette.
Khalifa bin Zayed Al Nahyan
Ruler of Abu Dhabi
Issued by us in Abu Dhabi
On 9 September 2018
Corresponding to 29 Dhi Al-Hijjah 1439 Hijri

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Circulars
Circulars

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