By Administrator _India Capital Sands Foreigners opening a company in the United Arab Emirates no longer need an Emirati shareholder or agent under changes to UAE company law, state news agency WAM reported on Monday. Until now, companies in the UAE had needed a certain shareholding to be held by Emirati nationals, or an Emirati agent, depending on what type of company it was. The UAE approved a new foreign investment law in 2018 that would allow foreigners to own up…
The U.K. government is preparing to introduce legislation that would force British companies to report attempted takeovers that could give rise to security risks, The reporter said. Company directors that fail to observe the rules could face fines, disqualification, or jail, the newspaper said, without saying where it obtained the information. Prime Minister Boris Johnson also wants academic partnerships and research projects to be included under the rules, reflecting his concern that the country’s cash-strapped…
"U.K. May Tighten Takeover Laws to Curb Foreign Influence"