UAE: Bankruptcy Court Created

UAE: Bankruptcy Court Created News developments

UAE: Bankruptcy Court Created

The court will be responsible for adjudicating all applications and disputes arising from the implementation of the provisions of the Federal Decree-Law on Financial Reorganisation and Bankruptcy (Federal Decree-Law No. 51/2023). The Federal Judiciary Council will also be able to establish one or more branches of the court in any other emirate, subordinate to the main court, to handle these applications and disputes.

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Hannah Faye Gutang