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
Triple Point v PTT: Supreme Court Affirms the Orthodox Position Regarding Liquidated Damages Clauses
The case of Triple Point Technology Inc (Triple Point) v PTT Public Company Ltd (PTT) [2021] UKSC 29 has prompted considerable discussion in the construction industry.
United Kingdom, Construction, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, House of Lords, UK Supreme Court