Article
Delayed International Payments In The UAE: Legal Remedies And Enforcement
Cross-border commercial operations are exposed to foreign counterparty risks, non-payment and serious delays in payments. Late payments interrupt liquidity and can critically affect the working capital and continuity of the enterprise in international trade. In order to reduce these risks, the UAE has modernized its commercial and procedural legislation, introducing structured mechanisms for debt recovery, statutory interest accrual, emergency judicial orders and cross-border enforcement.
Awatif Mohammad Shoqi Advocates & Legal Consultancy