New DIFC Insolvency Law: 4 Key Features

Legislation seeks to balance debtor and creditor needs and help businesses and investors operate with confidence in the Middle East.

On 11 June 2019, the Dubai International Financial Centre (DIFC) introduced a new insolvency law (DIFC Insolvency Law No. 1 of 2019 and associated DIFC Insolvency Regulations 2019), which became effective on 13 June. 

Filed under:
Global, USA, Insolvency & Restructuring, Latham & Watkins LLP, Debtor
Authors:
Nomaan Raja
Location:
Global, USA
Firm:
Latham & Watkins LLP