Dubai Law·19 of 2022
Law ID
dubai-decree-2022-19
Article-level text
3 articles
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Article (1) a. As of the date on which this Decree comes into force, the shares owned by the DDA in Empower, representing thirty percent (30%) of its share capital, are hereby transferred to the Company. b. The Company hereby succeeds the DDA in respect of all the rights and obligations of the DDA under the above-mentioned Law No. (10) of 2003 and the resolutions issued in pursuance thereof. Replacement
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Article (2) The term “DDA”, wherever it occurs in the above-mentioned Law No. (10) of 2003 and the resolutions issued in pursuance thereof, is hereby replaced by the word “Company”. ©2022 The Supreme Legislation Committee in the Emirate of Dubai 1 Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its int erpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail.
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Decree No. (19) of 2022 Transferring the Shares of the Dubai Development Authority in the Emirates Central Cooling Systems Corporation to Emirates Power Investment LLC Page 2 of 2 Commencement and Publication
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Article (3) This Decree comes into force on the day on which it is issued, and will be published in the Official Gazette. Mohammed bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai on 9 May 2022 Corresponding to 8 Shawwal 1443 A.H.
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Note: This legislation is sourced from the Dubai Legislation Portal (dlp.dubai.gov.ae). The original Arabic text is the authoritative version.
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