The UAE's new Netting Law (Federal Law No. 10 of 2018) (the Federal Netting Law) was issued on 20 September 2018 and will come into force one month following publication in the UAE Official Gazette.

Recent court service suspensions announced in the UAE – albeit temporary – as part of the government's response to COVID-19 will undoubtedly have an impact on efficacy of debt recovery options available

Companies owed money by Dubai World and its subsidiaries should be aware of three recent developments.

The provisions of the Company Law concerning liquidation are to be applied unless the company’s Memorandum or Articles of Association provide a specific procedure for its liquidation.

Senior associate Michèle El Khoury examines recently introduced reforms to real estate investment funds in Dubai, for Global Restructuring Review, which she says aim to strengthen the jurisdiction's position...

Dubai is in the final countdown for the preparation of the long-awaited Expo 2020, which is set to open a year from now, in October.

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

The United Arab Emirates (UAE) Insurance Authority recently published the Insurance Authority Board of Directors' Resolution No. 18 of 2020 on Electronic Insurance Regulations dated 27 April 2020...

Health Insurance is by far the largest line of risk along side motor insurance in the United Arab Emirates. Both lines of insurance are mandatory, save that health insurance is currently only...

In any dynamic economy, financial challenges can arise, leading individuals and businesses to face insolvency.

UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Federal Law on ‘Netting', its provisions shall apply to all qualified financial contracts and netting agreements...

The DIFC Authority has announced the public consultation of their Variable Capital Company Regulations ("Draft VCC Regulations").

Article 409 of the Commercial Transactions Law defines a bank loan as a contractual arrangement where the bank distributes funds to the debtor under agreed conditions.

In Dubai civil cases, if someone proves they cannot pay what the court ordered, they will normally avoid facing an arrest warrant, the emirate's highest judicial body has said.

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.

The active trading of loans made to a borrower that has become unable to repay in full (known as non-performing loans or distressed debt) has been a feature of the North American and European...

Dubai has recently introduced Law No. 7 of 2025 ("the Law"), aimed at restructuring the regulation and management of construction and contracting activities across the Emirate.

Often, unexpected events can astound an individual in an array of ways like a change in employment, personal emergency, etc., which may rapidly throw the individual off track.

The rise in the number of companies facing severe financial distress is an unavoidable fact of today's economic market.

In the United Arab Emirates (UAE), individuals may find themselves in situations where their freedom is restricted through detention or arrest. While both detention and arrest involve limitations...