Small and medium enterprises (SMEs) often face financial challenges in the UAE. One of the most daunting scenarios is insolvency. This article will give you an overview of the bankruptcy law in UAE and also debunk some misconceptions associated with it. What Is Insolvency? Insolvency refers to a situation where a company cannot fulfil its […]
Bankruptcy Law 101: How to Navigate Insolvency in The UAE? Read More »
We have previously discussed the UAE Bankruptcy Law, which applies to commercial companies and traders. A separate law, the UAE Personal Insolvency Law (Federal Decree-Law No. 19 of 2019), deals with the insolvency of natural persons. The law aims to protect individuals facing financial difficulties and those who are unable to pay their debts. What
Personal Insolvency Law in The UAE Read More »
The Resolution of the General Assembly of the Dubai Court of Cassation on Arrest Orders may prevent unnecessary arrests, leading to a new revenue stream for Accounting Experts and Asset Tracing Agencies. A recent clarification by the Dubai Court of Cassation on arrest orders has sought to strike a balance between the rights of creditors
Impact of Dubai’s Recent Court Resolution on Arrest Orders in Debt Cases Read More »
Cheques are widely accepted as a safe mode of payment in the UAE. However, cheque bounce cases are not uncommon. This article gives an overview of various issues related to bounced cheques, including the recent amendments in UAE Law. What is a Bounced Cheque? When a cheque is returned unpaid by the bank, it is
Cheque Bounce Cases in the UAE: Legal Implications and Solutions Read More »
