Law No. (9) of the Year 2012

Amending

Some Provisions of the Law No.

(8) of the Year 1997 Regulating

Dubai Chamber of Commerce

and Industry

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Law No. (9) of the Year 2012 AmendingSome Provisions of the Law No. (8) of the Year 1997 Regulating

Dubai Chamber of Commerce and Industry

We, Mohammed Bin Rashid Al Maktoum, Ruler of Dubai,

After perusal of Law No. (8) of the Year 1997 Regulating Dubai Chamber of Commerce and Industry

and its amendments;

Do hereby issue the following Law:

Article (1)

The text of Article (6) of Law No. (8) of the Year 1997 shall be replaced by the following text:

Powers of The ChamberArticle (6)

The Chamber shall have all powers and authorities necessary for the fulfillment of its objectives,

particularly:

1. Registering natural and judicial persons licensed to practice the activities stipulated in Article (7)

of this Law as members in the Chamber, and providing them with certificates and documents

that help them to accomplish their commercial transactions and perform their activities.

2. Issuing various types of certificates of origin for exported and re-exported goods and products,

after verifying the related information by all the means that the Chamber deems suitable,

including reviewing of the original supporting documents related to the origin of the goods, or

by inspecting them, if necessary.

3. Attesting signatures and stamps, as well as papers, certificates, contracts and other documents

related to the commercial transactions that are needed by members of the Chamber to perform

their businesses.

4. Selecting experts to inspect commodities, goods and other assets and to specify their

classifications, weights and estimate their values.

5. Providing opinion on legislations regulating various commercial and economic affairs, and

studying draft laws, regulations and by-laws issued by the competent authorities to organize

those affairs.

6. Forming business groups from Chamber’s members practicing similar or compatible activities,

in accordance with the Regulation approved by the Board in this regard.

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7. Licensing business councils formed in the Emirate from companies, businessmen and experts

belong to a certain nationality and granting them the judicial personality in coordination with the

pertinent government bodies, pursuant to the Regulation approved by the Board in this regard.

8. Studying applications submitted by the bodies, federations, societies, regional and international

non-governmental organizations specialized in the commercial, economic and professional

fields, to open their branches and offices in the Emirate, licensing those branches and

offices, organizing and granting them the judicial personality in coordination with the pertinent

government bodies, including the Dubai Economic Development Department in accordance

with the regulations approved by the Board in this regard.

9. Suggesting economic programs, plans and investment projects that may consolidate and

strengthen the economy of the Emirate, or increase work and investment opportunities; as

well as suggesting legislations regulating commercial and economic affairs and others and

submitting the related suggestions to the competent authorities.

10. Carrying out activities that promote and strengthen the economic relations of the Emirate,

particularly the following:

a. Receiving trade delegations and missions. Sending trade delegations abroad.

b. Holding local and international trade exhibitions or participating therein.

c. Organizing, contributing to or participating in conferences, seminars, symposia and

training courses inside and outside the Emirate.

d. Publishing and distributing magazines, periodicals, directories and other commercial and

specialized publications.

e. Concluding cooperation agreements with federations, chambers or similar bodies to

foster mutual cooperation and commercial ties.

11. Preparing economic studies, researches and reports evaluating, orienting and developing

various economic sectors’ performance and highlighting the problems and the difficulties that

face them and presenting the results to the competent authorities.

12. Studying applications for conducting exhibitions, conferences, seminars and symposia related

to economic and commercial aspects to be organized or held in the Emirate, and issuing the

appropriate recommendation regarding the approval of organizing such events to the competent

authorities.

13. Compiling and issuing information and data related to economic aspects, such as prices of

commodities and circulated goods, services, securities, currencies, and others. As well as

compiling, classifying and publishing periodical statistics and legislative and regulative texts.

14. Providing commercial directories, specialized books and references and other scientific

supporting publications which help in preparing reports and studies.

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15. Providing advice and consultation to members of the Chamber regarding legal or commercial

or economic or technical matters and providing them with the available information and guiding

them to follow procedures and means that help them in protecting their rights and developing

their businesses.

16. Contributing in the development of administrative and technical cadres in the fields of economy

and business management and seeking the necessary suitable potential means, in this respect it

may establish universities colleges, institutes and centers for commercial and technical training.

17. Studying commercial complaints that arise between members of the Chamber or between them

and other parties in order to reach amicable settlement.

18. Specifying local commercial customs and terms.

19. Providing a mechanism for resolving commercial disputes, by supervising the arbitration process

in accordance with the applied arbitration rules in this regard.

20. Owning, managing, investing, selling, or mortgaging movable and immovable assets, concluding

different contracts with third parties, and accepting donations and endowments.

21. Participating in committees formed by ministries, departments, and other bodies and

establishments to study or regulate different economic affairs or to represent the Chamber in

activities within its jurisdiction.

22. Performing all activities that fulfill the objectives of the Chamber stipulated in Article (5) of this

Law.

Article (2)

This Law shall be enforced as from the date of its issuance and shall be published in the Official

Gazette.

Mohammed Bin Rashid Al MaktoumRuler of Dubai

Issued in Dubai on 18th November 2012

Corresponding to 4th Moharram, 1434 Hijri