Regulation, Risk & Compliance
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In landmark move, UAE sets up Bankruptcy Court to rule on disputes
The UAE is overhauling its bankruptcy and restructuring law, introducing a dedicated court to oversee related disputes. The legislation – formally Federal Law Decree No 51 of 2023 – comes into force on May 1, 2024, and replaces the 2016 bankruptcy framework. (This was first reported by the online publication…
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Click here to read the full story: Gulf News