Delay Damages Reconsidered: How Article 340 of the New UAE Civil Transactions Law Reshapes Risk Allocation in Construction Contracts
The UAE’s forthcoming Civil Transactions Law reform, effective 1 June 2026, marks one of the most significant contractual liability shifts in decades. Among its most consequential provisions for the construction and infrastructure sector is Article 340, which fundamentally reclaims how agreed compensation, particularly delay damages, is assessed, challenged, and enforced. Under the current Civil Transactions […]