Doing business in foreign lands is not an easy venture. There are many external factors that matters before the investor’s confidence starts building up. One of the main issues that really matters is the support of law for the foreigners as well as domestic investors. Until law protects and safeguards the interests of the investors, general confidence in the business environment of that country will remain shaky. Recent introduction of laws to implement payments and punish those who are not fulfilling their commitments is seen as a very positive factor.

Dubai has recently introduced a new law for bounced checks. According to that rule, hearing of the bounced check cases will start in two weeks time. The decision of the committee made for the issues involved, will be final and no one will be able to appeal against it at any other place. No other court or committee will look into these matters unless this special committee deputed for resolving the bounce checks issues has looked into the matter. It has also been learnt that six new laws will also be introduced in the first quarter of 2010. Counsel Bakri Abdullah Hasan commented while talking to a local newspaper, “We have finalized the committee structure and will start working in the next two weeks. For instance, around 500 complaints from the Jebel Ali police station have been transferred for hearing”. This has been seen as a positive move by the foreign investors and they have expressed their joy over this step by Dubai Government. Many small investors are hopeful that justice will prevail in its letter and spirit and they will be able to get back their stuck investments.