Federal Decree Law No (16) of 2021 (Factoring Law) was issued on 29 August 2021 and came into effect on 7 December 2021. The Factoring Law, whilst laying a legislative framework for a rapidly expanding trade finance industry in the United Arab Emirates (UAE), also provided much needed clarity from, and an update to, Federal Law No (4) of 2020 (Moveables Law) and Federal Law No (1) 1987 (Civil Code).
New entrants to the trade finance market
United Arab Emirates, Banking, Insolvency & Restructuring, Addleshaw Goddard LLP, Supply chain, Coronavirus
Included in this update: Corporate Insolvency and Governance Bill introduced to Parliament; FRC updates guidance on corporate governance and reporting and more...
Corporate Insolvency and Governance Bill introduced to Parliament
United Kingdom, Company & Commercial, Compliance Management, Insolvency & Restructuring, Addleshaw Goddard LLP, Corporate governance, Moratorium, Annual general meeting, Coronavirus, Financial Reporting Council