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United Arab Emirates
Awatif Mohammad Shoqi Advocates & Legal Consultancy
The New Insurance Law in the UAE, as outlined in Federal Decree-Law No. 48/2023, brings comprehensive regulations to the insurance sector. Covering a wide range of aspects...
Al Tamimi & Company
On 31 October 2023, Federal Law Decree No. (51) of 2023 concerning Financial Restructuring and Bankruptcy (referred to as "New Law") was published in the UAE Federal Gazette.
Hamdan AlShamsi Lawyers & Legal Consultants
On 02/10/2023, law number 51 of 2023 was issued regarding financial restructuring and bankruptcy, to be implemented six months after its publication in the official gazette, taking effect in March 2024.
BSA Ahmad Bin Hezeem & Associates LLP
Senior associate, Bassel Boutros, recently spoke to Arabian Business about the new UAE Bankruptcy Law, providing further details on the major changes set to take effect in May 2024.
BSA Ahmad Bin Hezeem & Associates LLP
A new Federal Decree-Law No. 51/2023 on issuing Financial Reorganization and Bankruptcy Law has been published in the official Gazette on 31st of October 2023...
Awatif Mohammad Shoqi Advocates & Legal Consultancy
Dissolution, or liquidation, of a company, is the process through which the company and its operations are brought to an end.
FTI Consulting
On 9 December 2022, the UAE released the Corporate Tax (CT) law through Federal Decree No.47 of 2022 (CT law).
Awatif Mohammad Shoqi Advocates & Legal Consultancy
The legislative framework for insolvency and bankruptcy in the United Arab Emirates is codified under the two following laws.
BSA Ahmad Bin Hezeem & Associates LLP
A criminal complaint takes precedence over a civil claim or "Le criminel tient le civil en l'état", is a legal principle with origins in the French Penal Procedures Law...
BSA Ahmad Bin Hezeem & Associates LLP
In the following series of articles, Barry Greenberg provides the reader with a comprehensive look at bankruptcy proceedings in the UAE, from beginning to end.
BSA Ahmad Bin Hezeem & Associates LLP
The legal and regulatory landscape is constantly evolving, meaning businesses have to remain agile in order to continue to progress.
Awatif Mohammad Shoqi Advocates & Legal Consultancy
It is quite obvious that coronavirus has somewhat brought the economy to a halt for a certain time and the government across countries are trying every bit possible to revive it.
Awatif Mohammad Shoqi Advocates & Legal Consultancy
We all have been witnessing major steps taken by the government of UAE in order to prevent negative impact of coronavirus on our economy. COVID-19 has just made wide-scale interruption to various ventures both locally and internationally.
BSA Ahmad Bin Hezeem & Associates LLP
Misconceptions persist among business owners and directors as to the purpose of the UAE Bankruptcy Law and its comparative likeness to international counterparts, notably the US Bankruptcy Code.
BSA Ahmad Bin Hezeem & Associates LLP
The new UAE Bankruptcy Law was widely discussed and debated upon its introduction in 2016. Brought in to encourage a ‘rescue culture', the regulations were hailed as a significant move in the ...
STA Law Firm
Singapore is not only an attractive tourist and shopping destination. On 23 May 2017, the Ministry of Law (Singapore) officially amended the Companies Act of 1967 with certain provisions
BSA Ahmad Bin Hezeem & Associates LLP
Prior to the recent passing of the Omani Royal Decree No 53/2019 (the "Bankruptcy Law"), Oman law contained limited legislation governing the area of bankruptcy
BSA Ahmad Bin Hezeem & Associates LLP
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued the Dubai International Financial Center (DIFC) Act No. 1 of 2019 on Insolvency (hereinafter referred to as the "New Law").
Worldwide
Mayer Brown
In a significant step for the recognition of English court judgments, the UAE Ministry of Justice has issued a communiqué to the Director General of the Dubai Courts confirming that judgments issued by the English Courts ...
BSA Ahmad Bin Hezeem & Associates LLP
The worldwide economic distress caused by the ongoing Covid-19 pandemic has certainly not spared the GCC region...
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