1
Article 1
Article (1) Articles (2), (3) and (15) of the above-mentioned Law No. (3) of 2006 are hereby superseded by the following:
Dubai Law·12 of 2011
Law ID
dubai-law-2011-12
Plain-language summary
Establishes Dubai World as a public corporation with legal personality and financial autonomy, managed on a commercial basis under UAE government oversight.
Synced from the official UAE Legislation portal · Plain-language summary by the LEXAI editorial team
Article-level text
5 articles
1
Article (1) Articles (2), (3) and (15) of the above-mentioned Law No. (3) of 2006 are hereby superseded by the following:
2
Article (2) The following words and expressions, wherever mentioned in this Law, will have the meaning indicated opposite each of them, unless the context implies otherwise: Ruler : His Highness the Ruler of Dubai. Government: The Government of Dubai. DW: Dubai World. Chairman: The chairman of the DW. Board of Directors: The board of directors of the DW. ©2014 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 interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail.
-- 1 of 2 --
Law No. (12) of 2011 Amending Law No. (3) of 2006 Establishing Dubai World. Page 2 of 2 DFSF: The Dubai Financial Support Fund. Subsidiaries: The companies in which the DW holds all or the majority of shares or stock.
2
Article (2) This Law 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 23 June 2011 Corresponding to 21 Rajab 1432 A.H.
-- 2 of 2 --
3
Article (3) Pursuant to this Law, a public corporation known as “Dubai World” is established. The DW will have legal personality and financial and administrative autonomy. It will be managed on a commercial basis, and will be affiliated to the DFSF.
15
Article (15) Neither the Government nor the DFSF will be responsible for any debts or obligations claimed from the DW or its Subsidiaries.
Note: This legislation is sourced from the Dubai Legislation Portal (dlp.dubai.gov.ae). The original Arabic text is the authoritative version.
Plain-English answers, with a citation back to the exact article. Free to use, no sign-up.
LEXAI provides general legal information, not legal advice. For your specific case, speak to a licensed UAE lawyer.
Related guides
Editorial articles that explain how this area of law applies to common situations.
Related laws
Other UAE legislation in this category. Cross-reference before citing the law.
Keep reading