Law No. (1)
of 1999
Amending
Law No. (8)
of 1997 Regulating the Dubai Chamber of Commerce and Industry[1]
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We, Maktoum
bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
Law
No. (8) of 1997 Regulating the Dubai Chamber of Commerce and Industry (the
"DCCI"),
Do hereby issue this Law.
Article
(6) of the above-mentioned Law No. (8) of 1997 is hereby superseded by the
following:
The
DCCI will exercise all the functions required for the achievement of its
objectives. In particular, the DCCI will:
1.
register,
as Members of the DCCI, the natural
and legal persons licensed to conduct the activities set forth in Article (7)
of this Law; and issue the DCCI Members the certificates and documents that enable them to perform their commercial transactions;
2.
issue all
types of certificates of origin for exported and re-exported goods and
products. The DCCI may use any means it
deems appropriate to verify the authenticity of any data
provided to it, including requesting the original supporting documents related to the origin of goods; and, where
required, conducting inspection of these goods;
3.
attest
signatures and stamps as well as papers, certificates, contracts, and other documents required by DCCI Members in conducting
their business;
4.
appoint
experts to inspect commodities, goods, and other property; to determine the types and weight
thereof; and to estimate their prices;
5.
provide
opinion on the legislation regulating various commercial and economic affairs;
and consider the draft laws, regulations, and bylaws developed by the competent
entities
to regulate such affairs;
6.
propose the
economic programmes and plans, and investment projects,
that would enhance the Emirate's economic position or increase work and
investment opportunities; propose the legislation regulating commercial,
economic, and other relevant affairs; and submit the same to the competent
authorities;
7.
conduct
activities that promote and strengthen the economic relations of the Emirate,
in particular:
a.
receiving visiting
trade delegations and missions, and sending trade delegations abroad;
b.
holding
local and international trade exhibitions or participating therein;
c.
organising,
co-hosting, or participating in conferences, seminars, symposia, and training sessions within and outside of the Emirate;
d.
publishing
and distributing magazines, periodicals, directories, and other commercial and specialised publications; and
e.
concluding cooperation agreements with unions,
chambers, or similar bodies to foster cooperation and commercial ties.
8.
conduct
economic studies and research, and prepare reports, on
evaluating, steering, and developing various
economic sectors; identify the problems and difficulties that face the same;
and present the relevant findings to the competent
authorities;
9.
consider
all applications for organising or holding, in the Emirate, exhibitions,
conferences, seminars, and symposia related to the various economic and
commercial aspects, and issuing the appropriate recommendations regarding the approval of organising such events to the
competent authorities;
10. compile and issue economic information
and data, such as prices of commodities, traded goods, services, securities,
currencies, and the like; and compile, classify, and
publish periodic statistics and legislative and regulatory texts;
11. provide commercial directories, specialised books and
references, and other academic publications and works of authorship which help in preparing reports and studies;
12. provide advice and consultation
to Members of the DCCI regarding legal, commercial, economic, or technical
matters; provide them with available information; and guide them to follow procedures and means that help them in
protecting their rights and developing their
business;
13. contribute to the development of administrative and
technical cadres in the fields of economy and
business management; and endeavour to provide the required tools and resources
in this respect. For this purpose, the DCCI may establish colleges, institutes,
and commercial and technical training centres;
14. mediate the resolution of commercial
complaints that arise among Members of
the DCCI or between the Members and other
parties, with a view to reaching
amicable settlements;
15. establish local commercial custom and practices;
16. develop a mechanism for resolving commercial disputes, through supervising conciliation and arbitration, in accordance
with the applicable commercial arbitration rules;
17. own, manage, invest, sell, or mortgage movable and immovable
property; conclude various contracts with third parties; and accept donations
and gifts;
18. participate in committees formed by ministries, departments,
authorities, and other entities to study
or regulate various economic affairs, to represent the DCCI in events that fall
within its jurisdiction, or to achieve
any relevant
purposes; and
19. perform any other duties required for the achievement of the
objectives of the DCCI under Article (5) this Law.
This
Law comes into force on the day on which it is issued, and will be published in
the Official Gazette.
Maktoum bin Rashid Al Maktoum
Ruler of
Dubai
Issued in
Dubai on 27 February 1999
Corresponding
to 12 Thu al-Qidah 1419 A.H.
©2021 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.