Corporate insolvency and bankruptcy law in the UAE has now been modernized with far reaching effects. The new bankruptcy law in the UAE now puts a moratorium on sending people to jail for bounced cheques until a restructuring plan for business owners has been agreed with creditors. The UAE government stated that the new bankruptcy law in the UAE was needed to ‘help owners of small and medium-sized enterprises weather rising levels of bad debt’. The legal experts at Fichte & Co are equipped to offer clients facing a stressful financial situation and bankruptcy in Dubai whether a corporate entity or an individual – a clear sighted approach that helps them understand all the relevant considerations, while setting clear objectives.
Fichte & Co has a diverse and expanding practice which delivers quality legal services with the bankruptcy law in Dubai, while providing expert advice to individuals and organisations.
Our bankruptcy department in Dubai will assess your current financial circumstances and help you decide if bankruptcy is the best solution for you or not, and if it is the right solution, you will be given help and assistance with the process.
For further information, please contact our experts in the bankruptcy law in Dubai for professional legal advice on +971 (0)4 435 7577
Corporate & Commercial News
At Fichte & Co, Managing Partner Jasamin Fichte leads a team that is ‘impeccable, in all areas.’ It handles an array of high-value claims for international clients and government entities.
The Legal 500