What does the Bankruptcy Law mean for UAE Business?
The UAE Bankruptcy Law came into force on 30 December 2016. So far, it has not been tested in the Courts. Al Tamimi & Company recently held a major forum on the new law with major UAE corporate clients and financial institutions participating. There is a general expectation that the law will soon be playing a prominent role in the UAE legal landscape. Everyone in business and banking should be aware of salient points which emerged from the forum.
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