Cabinet Resolution No. 94 of 2026 activates Chapter Five of the UAE Bankruptcy Law, giving companies affected by the declared emergency financial crisis a faster, court-supervised route to negotiate settlements, protect assets and secure new financing.
I. Introduction The legal framework governing corporate insolvency in the United Arab Emirates operates as a distinct, layered system, comprising the federal Civil Law jurisdiction (the Mainland) and autonomous Common Law financial free zones (the Dubai International Financial Centre, DIFC, and the Abu Dhabi Global Market, ADGM). The repeal of the historically problematic Federal Decree-Law…
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…
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…
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…
