DED looks at improving liquidation procedure
Dubai, May 13, 2009
The Department of Economic Development (DED) in Dubai is aiming to enhance joint relations and communication channels with the private sector in a bid to streamline liquidation procedures.
The business registration and licensing and corporate quality divisions at DED organised a meeting with top chartered accountants involved in undertaking liquidation procedures for companies in the emirate.
Mohamed Ali Lootah, executive director, corporate quality division, said: “This meeting is part of DED’s strategic plan to enhance cooperation with the private sector, leverage customers’ satisfaction and achieve the quality and excellence drive led by Dubai’s government.”
The objective of improving the liquidation procedure is to make it easily implemented.
Lootah added: “By improving the liquidation procedure, we reduce time to undergo the liquidation process, regulate the procedure and strengthen the protection of companies, liquidators, and government rights alike.” – TradeArabia News Service