Clifford Chance

UAE Netting: A New Federal-Level Netting Law

13 January 2025

As at 1 October 2024, the President of the United Arab Emirates promulgated a new Federal-level law on the netting of qualified financial contracts under Federal Decree Law No. 31 of 2024 (the "New UAE Netting Law"), which came into force on 2 January 2025.

The old netting law, Federal Decree Law No. 10 of 2018 (the "old netting law"), is repealed on the effective date of the New UAE Netting Law.

Download PDF