All businesses in the UAE will be affected by the new Bankruptcy Law, whether their finances are flourishing or floundering
bankruptcy law
Latest in bankruptcy law
Bankruptcy
UAE Bankruptcy Law: New rules hold managers, directors more accountable
The major changes will take effect in May 2024, significantly expanding court authority and increasing personal liability risks for directors and managers
Bankruptcy
UAE discusses bankruptcy law changes
A meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law
bankruptcy law
UAE revamps bankruptcy rules amid family business reform
The new law will come into effect by January 2023, creating a ‘huge’ effect on national economy
bankruptcy law
Video: Oman’s new business laws explained
12% GDP growth is what Oman posted in 2018, bucking the global trend of decelerating growth and economic growth.
Abu Dhabi Courts
UAE company first to avail of bankruptcy law at Abu Dhabi court
In a first of its kind case, the court restructured a company to allow it to pay off its considerable debts
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Bankruptcy
1,100 people filed for bankruptcy in Saudi over 4 years
Around 68% of those who filed for bankruptcy are Saudi nationals, according to the Ministry of Justice
bankruptcy law
India set for $100bn-plus M&A deals in 2018
Combination of a new bankruptcy law, a race for dominance in the e-commerce industry and a record war chest at Asia-focused private equity funds has created what some are calling an unprecedented opportunity for deal-making
Banking & Finance
Saudi Arabia’s bankruptcy law comes into effect
Saudi Arabia’s comprehensive regulations aim to tackle insolvency cases
bankruptcy law
New Saudi bankruptcy law ‘tries to find balance’ between investor and creditor interest
Saudi Arabia’s new bankruptcy law is expected to be implemented in late August
bankruptcy law
Private debt: understanding the global debt market’s rising star
Opinion: Why the asset class will surely grow in the GCC, and how to use it to full advantage
bankruptcy law
UAE establishes financial re-structuring committee
New committee will appoint experts to carry out the provisions of the UAE’s bankruptcy law and carry out awareness campaigns for the public
bankruptcy law
Saudi Arabia’s cabinet approves bankruptcy law
Kingdom is embarking on an intensive drive to overhaul its economy, including updating outdated laws
bankruptcy law
Saudi non-oil sectors set for positive 2018
BMI claims fiscal measures and increasing confidence will help offset contracting oil revenues
bankruptcy law
Saudi Shoura Council approves bankruptcy law
The law outlines bankruptcy procedures of various kinds
Baker McKenzie
Lawyers report low take-up of UAE bankruptcy law
Much publicised legislation has yet to be applied in court, it is claimed
Baker McKenzie
The law according to Habib Al Mulla
His eponymous firm made history when it became the first Emirati legal practice to merge with an international law firm – Baker McKenzie – in 2013. Five years later, Al Mulla has recently been appointed sole managing partner and shows no sign of slowing down