United Arab Emirates
Results for United Arab Emirates
- UAE Bankruptcy No Longer Leads Straight to Prison
UAE residents are hopeful that new bankruptcy legislation will ease the burden on small business owners. After years of deliberations, in December the federal government introduced an insolvency law to ease the orderly unwinding of bankrupt companies, in ...
Daily Headline - global.abi.org - 03/22/2017 - 22:44 - 0 comments
- The New UAE Bankruptcy Law
Partners Mark Craggs and Matthew Escritt review the eagerly anticipated Federal Law No. 9 of 2016 (the “New Bankruptcy Law”) which came into force on 29 December 2016. Click here for more. (United Arab Emirates) bankruptcy,insolvency,headli ...
Resource Article - twallace@abiwor... - 02/08/2017 - 13:44 - 0 comments - 0 attachments
- Emirates Airline Embarks On 'Modest Restructuring' As Growth Slows
Emirates, the world's biggest long-haul airline, said on Monday it was in the process of only a "modest restructuring," two months after it reported a 75 percent decline in half-year profits due to slower growth and increased competition, ...
Daily Headline - global.abi.org - 01/23/2017 - 22:40 - 0 comments
- Dubai’s Amlak Announces Renegotiation Of Restructuring Terms
Islamic mortgage provider Amlak Finance has announced the renegotiation of a restructuring deal with its financiers, Gulf Business reported. The firm said it approached financiers in September to wave “a number of restrictive covenants” in its origin ...
Daily Headline - global.abi.org - 01/03/2017 - 23:45 - 0 comments
- UAE Bankruptcy Law Could Put Court System Under Pressure
The new bankruptcy law could come into effect by the end of the year, amid concerns that the court system may struggle to implement it effectively, The National reported. The bankruptcy law was published in the country’s official legal gazette on Sep ...
Daily Headline - global.abi.org - 10/25/2016 - 19:25 - 0 comments
- UAE Government Working On Personal Insolvency Law
Obaid Humaid Al Tayer, the Minister of State for Financial Affairs, said on Tuesday that the government is working on a new personal insolvency law that would apply to individuals. His comments follow the news that the UAE’s new bankruptcy law, which pro ...
Daily Headline - global.abi.org - 09/06/2016 - 23:02 - 0 comments
- UAE Bankruptcy Law May Be Finalised By End-2016
The United Arab Emirates may finalise a long-pending bankruptcy law by the end of this year, the economy minister said on Wednesday, a move that could help smaller companies in particular as the economy slows because of low oil prices, Reuters reported. ...
Daily Headline - global.abi.org - 08/31/2016 - 20:34 - 0 comments
- Dubai's Nakheel Says Has Finished $16 Billion Recovery From Crisis
State-owned property developer Nakheel, which was at the centre of Dubai's debt crisis in 2009, has finished recovering from a $16 billion debt restructuring by repaying an Islamic bond this month, its chairman said on Monday, Reuters reported. Ali ...
Daily Headline - global.abi.org - 08/22/2016 - 19:40 - 0 comments
- Dubai Firm With Alleged Links To Quinns Can Be Sued Here
A Dubai-based firm has failed to get a Supreme Court order aimed at preventing it being sued here over its acquisition of a multi-million euro property in India from companies controlled by members of the family of businessman Sean Quinn, the Irish Tim ...
Daily Headline - global.abi.org - 07/28/2016 - 22:53 - 0 comments
- Dubai Businesses Feel Squeeze As Economic Downturn Bites
A large GMC 4x4 sits with deflated tyres. Like the Range Rovers and Camaro GT parked nearby, it is covered in a thick layer of sandy dust — one of more than 30 apparently abandoned cars lining the bays of a floor of a multistorey car park at Dubai airpor ...
Daily Headline - global.abi.org - 07/25/2016 - 22:11 - 0 comments