UAE Ministry on New Specific Legislation of Insolvency of Natural Persons

This Decree-Law on the Insolvency of Natural Persons which has been issued on 29 August 2019 and supposed to come into effect in the beginning of 2020, aims at enhancing the competitiveness of the UAE…

Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE

[vc_row][vc_column][vc_column_text] Definition of bankruptcy: Legally speaking, bankruptcy in the UAE is an expression used to describe a legal status in which a natural (individual) or legal (company) person owes a sum of money to third…

Rescue And Revive: The New Bankruptcy Law in the UAE

The much awaited new bankruptcy law in the UAE is a complete legal framework meant to assist financially troubled companies to avoid collapse. It took effect on December 29, 2016 after being decreed by President…

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