UAE Bankruptcy Law

UAE Bankruptcy Law Amendments: Directors’ and Managers’ Personal Liability

UAE Bankruptcy Law Amendments The UAE Federal Decree-Law No. 9 of 2016, known as the Bankruptcy Law, has been amended pursuant to Federal Decree-Law No. 35 of 2021, to clarify the circumstances under which a debtor’s directors and managers may be held personally liable for the company’s debts if they cannot be repaid. Bankruptcy Law…