RAK Court of Cassation Clarifies the Court’s Power to Interpret the Parties’ Intentions

Introduction

When a limited liability company goes into liquidation, its creditors are faced with considerable uncertainty, not least over their rights to securities on loans made to the defaulter. In such cases, a number of questions arise, including the following:

Filed under:
United Arab Emirates, Company & Commercial, Insolvency & Restructuring, Litigation, Al Tamimi & Company, Limited liability company
Authors:
Mohamed Abdelsabour , Sara Omer Ali
Location:
United Arab Emirates
Firm:
Al Tamimi & Company