Practice Note: Price Fluctuation Under the New UAE Civil Code
This Practice Note is the practical companion to our In-House Brief on price fluctuation under the new UAE Civil Code. It is written for Contractors and Subcontractors working under UAE onshore law on the FIDIC Red Book, 1999 edition.
It sets out what to do about rising costs at three stages: before contract, during the works and when a claim arises. It covers price adjustment clauses, Articles 224 and 829 of the Civil Transactions Law, notices, the record to keep, and the order of argument when a claim is made.
Read the full analysis: In-House Brief: Price Fluctuation Under the New UAE Civil Code: What Changed and What Did Not
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This Practice Note is published for general information purposes only. It does not constitute legal advice.
