Payment Orders were originally introduced in the CPC as a fast track route for creditors holding a financial instrument, such as a letter of credit or cheque, to obtain judgment against their debtor for what is a simple and indisputable debt. Payment Orders were rarely issued by the onshore UAE courts. In 2018, Cabinet Resolution No 57 of 2018 (the “2018 Cabinet Resolution”) significantly expanded the scope of application of Payment Orders by extending them to all admitted debts rather than simply those arising out of financial instruments only.
The global coronavirus (COVID-19) crisis continues to have a devastating impact across all segments of the entertainment industry.
USA, Corporate Finance/M&A, Employee Benefits & Pensions, Insolvency & Restructuring, Media & Entertainment, Skadden Arps Slate Meagher & Flom LLP, Private equity, Force majeure, Coronavirus, Family and Medical Leave Act 1993 (USA), Fair Labor Standards Act 1938 (USA), Families First Coronavirus Response Act 2020 (USA)