All UAE business owners and managers should be aware of the very recent decision of the Dubai Court of First Instance in the matter of the Bankruptcy of Marka Holdings PJSC...

Starting your own business is one of the most exciting decisions you can take. But it is imperative to follow fundamental rules and keep certain key considerations in mind to avoid facing financial issues that may lead to bankruptcy.

The Dubai Multi Commodities Centre (DMCC) Authority has issued a new set of Companies Regulations 2020, updating the DMCC...

It is important that you develop the habit of being aware of the relevance of your credit report and also develop a habit of regularly checking the same.

The Dubai International Financial Centre (the 'DIFC') is a federal financial free zone which has been granted authority to self-legislate in civil and commercial areas.

The "mini-insolvency law" and the 90 day moratorium it creates is not automatically binding upon UBF members.

The "Claim seeking Ineffectiveness of a Debtor's Disposition" is one of the most significant and effective tools available to a creditor in order to protect themselves from the fraudulent actions of their debtor.

The Abu Dhabi Court of Cassation has issued a precedent-setting judgment that fundamentally alters the enforcement landscape for state-granted land in the UAE. In a decision that overturned two lower court rulings, the highest court confirmed that vacant land granted by the government to UAE nationals can be subject to forced judicial sale to satisfy creditor claims.

Reforms related to bounced cheques were recently introduced by the Government of United Arab Emirates. These reforms were introduced through the Federal Decree Law No. 14 of 2020.

The UAE legislative authority has recently introduced the Executive Regulations ("Regulations") under Federal Decree-Law No. 51/2023, which governs the Financial Reorganization and Bankruptcy Law...

The worldwide economic distress caused by the ongoing Covid-19 pandemic has certainly not spared the GCC region...

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...

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...

UAE expat residents who find themselves in financial difficulties, indebted to the point where their options are limited, fleeing to the airport with hastily packed overstuffed cases and a one-way ticket

Legal experts said the new law primarily involves four new procedures, each of those supervised by the court.

Financial liability in terms of multiple loans or credit cards is to be best handled by availing the option of a ‘Debt consolidation loan in UAE'. There are several banks in the UAE providing the...

This article provides for the insolvency law for the companies who are facing losses and are opting for deceleration of insolvency during the pandemic. Covid -19 pandemic has not only disturbed...

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 ...

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.

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.