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Proposed Bankruptcy Law; Legal Sustainability or Loophole?

Mamoon Ashraf, corporate associate, BSA Ahmad Bin Hezeem & Associates LLP (former Bin Shabib and Associates (BSA) LLP) provides an overview and comparison of the key provisions of the UAE insolvency regime with the equivalent provisions established in the regime of England and Wales. He also examines the unique features of the proposed UAE federal draft bankruptcy law which attempts to create a more modern debtor friendly regime focusing on rescue and facilitating the survival of a debtor's business.

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Published: July2012
Publication: The Oath
Title: Proposed bankruptcy law; legal sustainability or loophole?
Practice: Corporate and M&A, Banking & Finance
Authors: Mamoon Ashraf
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