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Article (23)

DFL 20/2018 Effective from 23/10/2018
  1. A penalty of no less than AED 500,000 (five hundred thousand) and no more than AED 50,000,000 (fifty million dirham) shall apply to any legal person whose representatives or managers or agents commit for its account or its name any of the crimes mentioned In this Decree-Law
     
  2. If the legal person is convicted with terrorism financing crime or financing illegal organizations, the court will order its dissolution and closure of its offices where its activity is performed.
     
  3. Should a legal person is convicted of any of the crimes stipulated In Clause (1) of Article (2) or Article (8) of this Decree-Law, the court may prevent him from practicing his activity for a specified period, or cancel the license, restriction or registration to practice activity.
     
  4. Upon issuance of the indictment, the court shall order the publishing of a summary of the judgment by the appropriate means at the expense of condemned party
     
This article has been amended by Federal Decree-Law No. (26) of 2021. You are viewing the latest version. To view the previous version, click the version box below.
Version 1(effective from 23/10/2018 to 13/09/2021)

 

1- A penalty of no less than (500,000) five hundred thousand dirham and no more than (50,000,000) fifty million dirham shall apply to any legal person whose representatives or managers or agents commit for its account or its name any of the Crimes mentioned in this Decree Law.

2- If the legal person is convicted with crime of Financing of Terrorism, the court shall order its dissolution and closure of its offices where its activity is performed.

3- Upon issuance of the indictment, the court shall order the publishing of a summary of the judgment by the appropriate means at the expense of condemned party.