Fulltext Search
New UAE Bankruptcy Law - Key Features You Need to Know

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.

United Arab Emirates, Insolvency & Restructuring, Akin Gump Strauss Hauer & Feld LLP
Receivers are Controllers - The Data Protection Commission releases guidance for Receivers on data protection considerations

The Data Protection Commission ("the DPC") has issued useful guidelines for receivers in the context of data protection.

Once a receiver is appointed, they will have access to borrowers' personal data such as the address of the property put into receivership and certain details concerning the borrowers.

The main points of the DPC's guidance are as follows:

Ireland, Insolvency & Restructuring, IT & Data Protection, Fieldfisher (Ireland)