The Maritime Law to be implemented by the UAE, aims to protect abandoned seafarers, extinguish ‘ghost ships’ in its waters and allow 100% foreign ownership of maritime companies. The maritime law will come into force by early next year.
Generally, Clyde & CO, International Law Firm, alerted those operating Non-Saudi vessels in that area that they have to be extra cautious with the new law, as they might face financial and commercial challenges.
In the meantime, the new measurements will enable...