In a significant step for the recognition of English court judgments, the UAE Ministry of Justice has issued a communiqué to the Director General of the Dubai Courts confirming that judgments issued by the English Courts ...

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...

The UAE Bankruptcy Law is viewed as an improvement over the prior insolvency laws (as outlined in the Commercial Transactions Law), insofar as the Bankruptcy Law:

Federal Law Decree No 51 of 2023 concerning Financial Restructuring and Bankruptcy (the New Bankruptcy Law) came into effect in the UAE on 1 May 2024 and repealed the previous bankrupcty law...

https://www.herbertsmithfreehills.com/latest-thinking/pressure-points-timely-amendments-to-uae-bankruptcy-law-introduced-to-cover

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").

Recording an assignment or other transactions, such as mergers, before the UAE Trade Mark Office (‘TMO') shall involve specific legal requirements and formalities...

Foundations have become a popular option for regional wealth structuring and succession planning in the UAE, offering a number of benefits to both families and businesses.

Saudi Arabia will introduce its first comprehensive bankruptcy law on 18 Aug.

Restructuring efforts in the Middle East often face challenges. While revised debt documents may get agreed, underlying business weaknesses persist, leading to repeated distress.

Facing credit card or personal loan default in the UAE requires strategic action at every stage. Understanding your options for pre-litigation settlement, post-enforcement instalment plans, and formal insolvency proceedings can mean the difference between a manageable resolution and prolonged financial distress. This guide examines the legal framework, procedural requirements, and practical considerations that borrowers must navigate when dealing with debt enforcement in the UAE.

The new Bankruptcy Law (Federal Law Number 9 of 2016) is seen as a strategically improved law in comparison with previous insolvency laws.

International arbitration may encounter jurisdictional conflicts when two distinct courts hold different views on the same issue. The recent case of Nael v Niamh Bank (2024)...

On 14 December 2009, UAE’s stock market shot up in excess of 10% following the announcement of the due repayment of $ 4.1 billion to the Sukuk holders of Nakheel Development Limited following a $ 10 billion support payment from Abu Dhabi to the Government of Dubai.

In this article Ghalib Mahmoud, Partner, Dispute Resolution – Restructuring & Insolvency together with Abdallah Doudin, Associate, Dispute Resolution – Restructuring & Insolvency...

On 29 December, 2016, Federal Decree Law No. 9 of 2016 ("New Bankruptcy Law") has come into force. This article will provide you with an overview.

The rapid growth of Abu Dhabi Global Market ("ADGM") and the development of its legal framework will lead to new and novel situations. A recent decision of ADGM's Court of Appeal1 is an example of how courts.

It is quite obvious that coronavirus has somewhat brought the economy to a halt for a certain time and the government across countries are trying every bit possible to revive it.

On issuance of Federal Bankruptcy Law under the Federal Decree No. 9 of 2016 for various bankruptcy cases.

The legislative framework for insolvency and bankruptcy in the United Arab Emirates is codified under the two following laws.