The new Civil Transactions Law adopts a practical approach that simplifies the understanding of legal provisions, unifies legal references, and eliminates duplication with recently enacted special laws.
Under the new federal decree law issuing an updated Civil Transactions Law, the UAE has lowered the age of majority from 21 years to 18 years
The new law also amends the age at which a minor may seek authorisation to manage their financial assets from 18 years, while allowing those aged 15 to seek legal assistance to manage their assets.
The move is aimed at empowering the youth, strengthening the role of the judiciary while focusing on modernising the legal framework.
The new law represents a pivotal legislative milestone and a qualitative shift in regulating civil transactions in the UAE, based on a balanced and contemporary vision that seeks to reorganise the general foundations of rights and obligations, while enhancing the clarity of legal rules and facilitating their practical application.
