UAE Introduces Comprehensive Reforms with the Federal Law Decree No. (51) of 2023: The New Bankruptcy Law

Insights by: Sumit Kochar & Jaydeep Saha UAE Federal Gazette on the 31st of October 2023, introduced the Federal Law Decree No. (51) of 2023 (“New Bankruptcy Law”) on Financial Restructuring and Bankruptcy, and shall come into force from the 1st of May 2024. It is to be noted that the New Bankruptcy Law supersedes […]