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United Arab Emirates
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").
STA Law Firm
In these investment scenarios, there are times when an organization needs more money than is as of now being produced by its activities; it has two different ways to get it.
STA Law Firm
The Dubai International Financial Center (DIFC) is one of the many free-zones in the UAE.
STA Law Firm
The Chamber of Commerce and Industry in Sharjah (SCCI) is a government-owned entity that was initially established in 1970 by the Sharjah ruler.
STA Law Firm
In an event that was hosted at the Saudi Standards, Metrology and Quality Organisation in Riyadh which was in partnership with the Saudi Organisation of Certified Public Accountants and associated with Drooms.
STA Law Firm
On issuance of Federal Bankruptcy Law under the Federal Decree No. 9 of 2016 for various bankruptcy cases.
Baker & McKenzie Habib Al Mulla
The old UAE insolvency law that was embedded in the Commercial Transactions Code was an efficient and comprehensive law of 255 articles that was unfortunately little used for a number of reasons,
Reed Smith (Worldwide)
The current law regarding insolvency in the UAE is not a comprehensive regime, and the present framework is found across three different laws...
Reed Smith (Worldwide)
Currently in the UAE, laws related to insolvency are unclear. Companies face harsh penalties in a bankruptcy scenario, and individuals can face criminal sanctions and penal sentences.
Hadef & Partners
Adrian Chadwick briefs us on the uncertainty of the Special Tribunal's jurisdiction over claims brought by or against Nakheel and its subsidiaries once it is carved out of Dubai World.
Hadef & Partners
Since international markets were sent into a spin following the Dubai World announcement proposing a standstill on its debts on November 25 in 2009, the Emirate of Dubai has sought to address systematic issues affecting the stability and attractiveness of the local economy.
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