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The Abu Dhabi Family Business Council, under the Abu Dhabi Chamber of Commerce and Industry, welcomed the decision by H.H. Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, to establish committees for resolving family business disputes in the Emirate. The Council noted that this step strengthens the legislative framework supporting the stability and continuity of family businesses.
The Council stated that the formation of these committees comes at a critical time, given the growing role of family businesses in supporting the national economy. It will provide effective and efficient mechanisms to address disputes, ensuring business continuity, preserving cohesion within family businesses, and enhancing investor confidence and the overall business environment in Abu Dhabi.
H.E. Khaled Abdul Karim Al Fahim, Chairman of the Abu Dhabi Family Business Council, said:
“This decision reflects a forward-looking leadership vision that reinforces Abu Dhabi’s position as a leading economic hub. It underscores the leadership’s commitment to a comprehensive legislative and judicial framework that supports the sustainability of family businesses. These committees will contribute to a more stable and transparent environment, enabling family businesses to address challenges efficiently and ensure continuity and growth across generations.”
He added:
“Family businesses are a cornerstone of Abu Dhabi’s economy, and this decision strengthens their ability to continue playing a vital role in economic development by providing specialised mechanisms to resolve disputes while safeguarding business stability.”
The Council affirmed that this step will further enhance Abu Dhabi’s business environment, reinforcing governance and sustainability principles in line with the Emirate’s vision for a diversified and competitive economy.
The committees will review disputes related to incorporation agreements, management, or ownership of family businesses headquartered in Abu Dhabi, whether between partners, family members, or third parties. They will also consider appeals against decisions issued by family councils in accordance with applicable legal frameworks.
The decision grants the committees broad authority to take preventive and urgent measures to ensure business continuity and protect companies’ reputation and financial standing. They may also seek specialised technical and legal expertise depending on the nature of each dispute.
It also prioritises amicable settlement through dispute resolution centres. Where this is not possible, the committees will issue binding decisions, subject to appeal, while ensuring the confidentiality of all case-related information.
The Abu Dhabi Family Business Council reaffirmed its commitment to supporting and empowering family businesses, strengthening their contribution to Abu Dhabi’s economic growth and reinforcing the Emirate’s position as a global business hub.
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