The Legal 500

Insolvency and restructuring law in the UAE

6 April 2021, 11.00am UAE

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Insolvency and restructuring law in the UAE


The Covid-19 pandemic has affected businesses in the UAE for over one year now. Most businesses have experienced challenges both within their own organisations and also with their supply chains as a consequence. It is still unclear to what extent MENA-based businesses will suffer long-term commercial effects, but it is inevitable that there will be some long term effects.

During the same period, the UAE has continued to introduce more advanced insolvency laws and regulations to handle these developments. Patrick Gearon reviews the recent changes to the UAE, DIFC and ADGM Insolvency legislation and analyses the practical impact on businesses of those changes.


Patrick Gearnon, Head of Middle East Practice, Charles Russell Speechlys LLP
Patrick is head of Charles Russell Speechlys LLP’s Middle East practice (conducted from offices in Bahrain, Dubai and Qatar).

He specialises in all areas of dispute resolution with particular emphasis on banking, intellectual property, insolvency, professional negligence and company disputes.

Patrick has conducted litigation and arbitration in Gibraltar, Hong Kong, Italy, France, Ukraine, the USA and in all the GCC states as well as in all the courts within the English jurisdiction.