Bankruptcy law
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Bankruptcy Law 101: How to Navigate Insolvency in The UAE?

BySameer A Khan

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…

Personal Insolvency Law-1
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Personal Insolvency Law in The UAE

BySameer A Khan

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…