The Abu Dhabi Judicial Department (ADJD) recently hosted a high-profile international forum addressing legal strategies to fortify national industries and safeguard consumer rights. Titled Advancing National Industry and Strengthening Consumer Protection Laws, the event brought together over 300 legal professionals and industry experts to discuss pressing challenges in market regulation and commercial fraud prevention.
Forum Objectives and Key Discussions
The discussions revolved around optimizing national legislation to enhance industrial growth, ensure fair market practices, and reinforce Abu Dhabi’s global investment appeal. The forum particularly analyzed two critical laws: Federal Decree-Law No. 42 of 2023 on Combating Commercial Fraud and Federal Law No. 15 of 2020 on Consumer Protection. These laws serve as pillars for economic stability, offering a structured legal framework for starting a new business to prevent fraudulent business practices and safeguard consumer interests.
Key topics covered in the forum included:
- Legislative Impact on Market Integrity: Experts assessed how current regulations influence industrial development and consumer safety.
- Judicial Oversight in Business Practices: Discussions highlighted the role of legal institutions in detecting, preventing, and penalizing fraudulent activities.
- Technology’s Role in Consumer Rights Protection: AI and digital solutions were explored as tools to monitor counterfeit products and uphold environmental and safety standards.
- International Cooperation: Strengthening cross-border efforts to combat commercial fraud was a significant point of discussion.
Strategic Recommendations for Economic and Consumer Protection
Participants proposed several measures to enhance enforcement mechanisms and ensure long-term consumer protection. These included tightening penalties against violators, establishing specialized quality control centers, adopting digital monitoring systems for supply chains, and launching consumer awareness campaigns to help identify counterfeit products.
This initiative aligns with Abu Dhabi’s long-term economic vision, aiming to create a business-friendly and legally sound environment. As policymakers and legal experts collaborate to refine regulatory frameworks, Abu Dhabi continues to reinforce its position as a global hub for secure and transparent commerce.
For more information, visit the official website.
