Category Archives: Insolvency

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The DIFC Insolvency Law: A First-Of-Its-Kind Procedure for Insolvency in Accordance with International Best Practice

Articles, Bankruptcy Law, InsolvencyBy Nour Eltal July, 2019

An Overview 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”). The New Law reaffirms the commitment of the…

UAE issues Federal Law No.10 of 2018 on ‘Netting’

Bankruptcy Law, Insolvency, Netting Agreements, NewsBy Nour Eltal October, 2018

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 specified under this law which are entered into by any person in the state. The law seeks to strengthen the legislative framework for the settlement of…

Category Archives: Insolvency

The DIFC Insolvency Law: A First-Of-Its-Kind Procedure for Insolvency in Accordance with International Best Practice

UAE issues Federal Law No.10 of 2018 on ‘Netting’

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