The major changes will take effect in May 2024, significantly expanding court authority and increasing personal liability risks for directors and managers
Bankruptcy in the UAE
Latest in Bankruptcy in the UAE
Bankruptcy
UAE discusses bankruptcy law changes
A meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law
Arabtec Holding
Arabtec bankruptcy petition accepted by Dubai court
Dubai Court of First Instance has agreed to open bankruptcy proceedings for Arabtec Holding and its subsidiaries
Bankruptcy in the UAE
DIFC insolvency law to come into effect on August 28
Dubai ruler enacts new DIFC Insolvency Law to balance the needs of all stakeholders in distressed and bankruptcy related situations
Abu Dhabi Courts
UAE company first to avail of bankruptcy law at Abu Dhabi court
In a first of its kind case, the court restructured a company to allow it to pay off its considerable debts
Bankruptcy in the UAE
UAE named as Middle East’s best place to do business
World Bank ranks the UAE 21st globally as reforms continue to cut red tape for businesses
Bankruptcy in the UAE
Dubai’s Emirates NBD to hold off on Swiss franc bond
Dubai’s largest bank by market value awaiting favourable market conditions
Bankruptcy in the UAE
Draft of UAE bankruptcy law to be completed by end of 2012 – Dubai official
The new law will not include government entities an expert said
Bankruptcy in the UAE
UAE needs new bankruptcy law, says Dubai Chamber chief
Bankruptcy provisions may be within new companies law, to be approved this year, says DG
Bankruptcy in the UAE
UAE bank bad-loan provisions surge 36% in December
Provisions for problem loans jumps in December as lenders struggle to cover exposure
Bankruptcy in the UAE
Blue Banana boss says ‘still committed’ to debts deal
EXCLUSIVE: Failed entrepreneur who fled Dubai registers new companies in UK.
Bankruptcy in the UAE
DLA Piper: bankruptcy laws ‘holding Gulf back’
Middle East legal chief says global economic crisis may spark ‘change in mentality’.
Bankruptcy in the UAE
UAE bankruptcy law needed to prevent problems – official
Passage of law would probably coincide with a move to raise foreign ownership limits.
Bankruptcy in the UAE
New property law extends protection for home buyers
Decree also increases Land Department’s role as mediator in real estate disputes.
Bankruptcy in the UAE
Going for broke
The debt woes of Dubai property conglomerate Nakheel could prompt an overhaul of bankruptcy laws in the wider Gulf.