UAE Cabinet Resolution·Cabinet Resolution No. (6) of 2018
قرار مجلس الوزراء في شأن إنشاء سجل لإشهار الحقوق على الأموال المنقولة
Authoritative Arabic version per the official UAE Legislation portal
Law ID
1029
Plain-language summary
Establishes a national register for recording rights and interests in movable property, enabling secured creditors and stakeholders to register and protect thei…
Synced from the official UAE Legislation portal · Plain-language summary by the LEXAI editorial team
Article-level text
3 articles
1
Article (1) Creation of Register An electronic register under the name of “Register for Registration of Rights on Movable Property” shall be created for registering the rights on movable property in accordance with the above- mentioned Federal Law No. (20) of 2016.
2
Article (2) Management and Control of the Register Emirates Development Bank (EDB) shall manage, oversee, and afford the creation expenses of the Register and everything related to providing its services effectively according to the Executive Regulations of the above-mentioned Federal Law No. (20) of 2016.
-- 1 of 2 --
Cabinet Resolution of 2018 Regarding the Creation of a Register for Registration of Rights on Movable Property 2
3
Article (3) Entry Into Force & Publication This Resolution shall enter into force from the date of its issuance. It shall be published in the Official Gazette. Mohammed bin Rashid Al-Maktoum Prime Minister Issued by Us: Date: 13 / Jumada-Al-Thani / 1439 AH Corresponding to: 1 / March / 2018 AD
-- 2 of 2 --
Note: The Arabic text of this legislation is the authoritative version as per the official UAE Legislation portal.
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
