Overview
The scope and extent of a director's duty is of particular interest to officeholders of companies and their D&O insurers.
United Kingdom, Company & Commercial, Insolvency & Restructuring, Insurance, Litigation, DAC Beachcroft, Liquidation, Insolvency Service (UK), UK Supreme Court
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.