Outstanding payments can quickly become a serious financial risk for creditors. In the UAE, to successfully recover a debt, a creditor must not only prove the debt owed to him, but also take the right steps, at the right time, to maximise the chances of recovery of the debt. Creditors who act early, assess risk properly, and structure their contracts carefully, are far more likely to recover their debts.

The United Arab Emirates has established a sophisticated legal framework for financial restructuring and bankruptcy, most recently embodied in Federal Decree Law No. 51 of 2023 (the Insolvency Law). The Insolvency Law is not only a technical instrument addressing debtor and creditor interests but also a legislative tool designed to protect the broader public interest and uphold public order.