Regulatory & Legal Updates
Proposed Bankruptcy Law; Legal Sustainability or Loophole?
- Published: July 1, 2012
- Publication: The Oath
- Title: Proposed Bankruptcy Law; Legal Sustainability or Loophole?
- Practice: Banking and Finance, Corporate and M&A
- Authors: Mamoon Ashraf
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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