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Training Overview:

The United Arab Emirates (UAE)’s dynamic legal landscape is undergoing a groundbreaking legal framework—the Federal Decree-Law No. 51 of 2023 on Financial Restructuring and Bankruptcy. This transformative law, effective from May 1, 2024, ushers in a new era of financial restructuring and bankruptcy proceedings, revolutionizing the approach to debt resolution and creditor-debtor relationships. The provisions of the new law aim to balance the interests of debtors and creditors by introducing flexibility, necessary protections, and encouraging the resolution of claims.

Join us, the DIFC Academy and Clyde & Co for an online training session where our expert speakers will navigate the following themes:

• General Principals of the bankruptcy
• Offshore Bankruptcy (DIFC/ADGM)
• Onshore Bankruptcy – General overview and application
• Overview of key provisions of the new Bankruptcy Law
• New Specialized Courts
• Proceedings: Preventative Settlement
• Proceedings: The bankruptcy proceedings – conditions, proceedings and consequences
• Liability of managers and directors
• Implementation and Regulatory Landscape

SPEAKERS

Sherif Maher, Partner, Clyde & Co

Keith Hutchison, Partner, Clyde & Co

William Prasifka, Barrister, Clyde & Co

Naser Hashem, Associate, Clyde & Co 

Nicola Kneizeh, Associate, Clyde & Co

IN COLLABORATION WITH