Executive summaryThe United Arab Emirates (UAE) Federal Decree Law No. 26/2020 (Decree) will come into force on 2 January 2021. The Decree significantly amends Federal Law No. 2 of 2015 on Commercial Companies (Companies Law 2015).This Alert summarizes how these changes will affect businesses operating in the UAE under the Companies Law 2015, as amended by the Decree (Companies Law 2020).Detailed discussionOverviewWhile significant changes have been made to the framework surrounding limited liability companies (LLCs), most of the amendments relate to public joint-stock companies (PJSCs).The general requirement for 51% of the capital in an LLC to be owned by a UAE shareholder has...