On 31 October 2023, Federal Law No. 51 of 2023 Promulgating the Financial and Bankruptcy Law (the Bankruptcy Law) was published in the United Arab Emirates (UAE) Official Gazette, repealing the prior federal law on bankruptcy (Federal Law No. 9 of 2016, the Prior Law) and significantly developing the bankruptcy regime in the UAE.
Introduction – Distressed Issuers and Borrowers
USA, Capital Markets, Corporate Finance/M&A, Insolvency & Restructuring, Fried Frank Harris Shriver & Jacobson LLP