The Corporate Insolvency and Governance Bill (the "Bill") was published on 20 May 2020. The Bill introduces a new type of ‘moratorium’ whereby eligible companies can take 40 days to restructure without the threat of enforcement action from creditors.
European Union, United Kingdom, Employee Benefits & Pensions, Employment & Labor, Insolvency & Restructuring, Litigation, Stephenson Harwood LLP, House of Lords
Stephenson Harwood’s Middle East team provide top tips on how to quickly recover debt in the UAE.
The strategy we set out in this bulletin is intended to crystallise the debt in the eyes of the national courts of the UAE making recovery of the debt quicker than it otherwise might be.
Issue letters of demand
Middle East, United Arab Emirates, Banking, Insolvency & Restructuring, Stephenson Harwood LLP, Coronavirus