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United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
Misconceptions persist among business owners and directors as to the purpose of the UAE Bankruptcy Law and its comparative likeness to international counterparts, notably the US Bankruptcy Code.
BSA Ahmad Bin Hezeem & Associates LLP
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 ...
STA Law Firm
The new law viz. the Insolvency and Bankruptcy Code Ordinance (IBC 2019) has been amended recently and brought into effect from 2020 to protect the Corporate Debtor
Hassan Elhais
The new Bankruptcy Law (Federal Law Number 9 of 2016) is seen as a strategically improved law in comparison with previous insolvency laws.
BSA Ahmad Bin Hezeem & Associates LLP
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
STA Law Firm
Singapore is not only an attractive tourist and shopping destination. On 23 May 2017, the Ministry of Law (Singapore) officially amended the Companies Act of 1967 with certain provisions
BSA Ahmad Bin Hezeem & Associates LLP
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
BSA Ahmad Bin Hezeem & Associates LLP
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.
BSA Ahmad Bin Hezeem & Associates LLP
The United Arab Emirates ("UAE") economy continues to flourish and be attractive to businesses from around the world. The potential options available to foreign multinational companies
BSA Ahmad Bin Hezeem & Associates LLP
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").
STA Law Firm
In these investment scenarios, there are times when an organization needs more money than is as of now being produced by its activities; it has two different ways to get it.
BSA Ahmad Bin Hezeem & Associates LLP
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:
Clyde & Co
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.
BSA Ahmad Bin Hezeem & Associates LLP
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...
BSA Ahmad Bin Hezeem & Associates LLP
Saudi Arabia will introduce its first comprehensive bankruptcy law on 18 Aug.
STA Law Firm
On issuance of Federal Bankruptcy Law under the Federal Decree No. 9 of 2016 for various bankruptcy cases. On 19 October 2017, the current Cabinet members have been reshuffle...
STA Law Firm
On issuance of Federal Bankruptcy Law under the Federal Decree No. 9 of 2016 for various bankruptcy cases.
BSA Ahmad Bin Hezeem & Associates LLP
Bankruptcy Laws in UAE and KSA.
BSA Ahmad Bin Hezeem & Associates LLP
Throughout the UAE, a common frustration exists with insolvencies due to its time-consuming nature and significantly low recovery rates, which stemmed from the outdated governance of insolvency ...
Clyde & Co
India and the United Arab Emirates (‘UAE') have witnessed dynamic bilateral relations in the recent past. Leadership of both countries have endeavoured to bolster ties of the two economies which...
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