New Insolvency Law for the Dubai International Financial Centre ("DIFC") Issued

On 13 June 2019, the much anticipated DIFC Insolvency Law No. 1 of 2019 and associated DIFC Insolvency Regulations 2019 (collectively the “2019 DIFC Insolvency Law”), came into full force and effect, replacing the DIFC Insolvency Law No. 3 of 2009.

By way of context, the 2019 DIFC Insolvency Law applies only to entities registered and operating within the DIFC.

Filed under:
Global, Insolvency & Restructuring, Litigation, Bracewell LLP
Authors:
Christopher R. Williams , Ade Mosuro
Location:
Global
Firm:
Bracewell LLP