A Guide to the UAE’s New Bankruptcy Law

The UAE’s insolvency laws represent a significant step forward in providing a legal framework for addressing financial distress and options for insolvency. These laws are relatively new, having undergone significant reforms in recent years. As a result, they remain largely untested and continue to be refined through practical application and evolving judicial interpretation.

On 1 May 2024 the new Bankruptcy Law (Federal Law Decree No. (51) of 2023) was introduced, replacing the previous Bankruptcy Law (The Federal Decree Law No. (9) of 2016 on Bankruptcy). 

Download the report to explore the available options for businesses and individuals facing financial difficulties, including managing insolvency and restructuring debts and learn effective strategies for debt management.

If you have any questions, please reach out to Paul Leggett.