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    حماية الشخص الطبيعي في حالات الإعسار: نحو بيئة اقتصادية أكثر إنسانية في الإمارات
    2024-11-13

    مقدمة

    في إطار التزام دولة الإمارات العربية المتحدة بتعزيز العدالة الاجتماعية وترسيخ المبادئ الإنسانية، تم تحديث التشريعات المتعلقة بحماية الشخص الطبيعي في حالات الإعسار. هذه الخطوة تعكس رغبة الإمارات في إيجاد حلول مرنة للمشكلات المالية التي تواجه الأفراد، بما يحفظ حقوقهم وكرامتهم، ويدعم الاستقرار الأسري والاقتصادي.

    ما هو الإعسار؟

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Al Mazrouei Advocates
    Location:
    United Arab Emirates
    Firm:
    Al Mazrouei Advocates
    إلغاء حبس المدين المعسر في الإمارات: دعم العدالة الاجتماعية وحماية حقوق الإنسان
    2024-11-13

    مقدمة

    في خطوة مبتكرة نحو ترسيخ مبدأ العدالة الاجتماعية، أعلنت دولة الإمارات العربية المتحدة عن إلغاء عقوبة الحبس للمدينين المعسرين. يهدف هذا القرار إلى حماية الأفراد غير القادرين على سداد ديونهم بسبب ظروف خارجة عن إرادتهم، ويشكل انعكاسًا واضحًا لالتزام الإمارات بتطبيق أسس حقوق الإنسان والتسامح. في هذا المقال، سنستعرض تفاصيل هذا القرار وتأثيراته القانونية والاجتماعية على الأفراد والمجتمع.

    من هو المدين المعسر؟

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Al Mazrouei Advocates, Debtor, Waiver, Human Rights
    Location:
    United Arab Emirates
    Firm:
    Al Mazrouei Advocates
    Restructuring Update: Third-Party Releases after Purdue Pharma - Solutions in Irish Law
    2024-11-07

    In Harrington v Purdue Pharma,1 the United States Supreme Court held that so-called “non-consensual third-party releases” were not permitted in restructuring plans proposed under Chapter 11 of the US Bankruptcy Code. A “third-party release” arises where creditors are asked to vote on a restructuring plan or scheme which not only proposes to release the debtor company (i.e. the company that has petitioned for bankruptcy or is proposing the scheme) from all liability but to also release other third parties from any associated liability.

    Filed under:
    Ireland, United Kingdom, USA, Insolvency & Restructuring, Litigation, McCann FitzGerald LLP, Companies Act 2006 (UK), Insolvency Regulation (1346/2000) (EU), Supreme Court of the United States, Pharmaceuticals
    Authors:
    Michael Murphy , Simon Walsh
    Location:
    Ireland, United Kingdom, USA
    Firm:
    McCann FitzGerald LLP
    Restructuring Department Bulletin - November 2024
    2024-11-04

    Situations Partner Kai Zeng in London Kai Zeng, who advises on cross-border restructurings and special situations matters, has joined the firm in London as a partner in the Restructuring Department and Finance and Hybrid Capital & Special Situations groups.

    Kai advises sponsors, debtors, creditors and strategic investors on restructurings of stressed and distressed businesses, as well as hedge and credit funds, investments banks and private equity firms on their review and diligence of European investment opportunities in par, stressed and distressed transactions.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Paul Weiss Rifkind Wharton & Garrison LLP, Private equity, US Congress
    Authors:
    Jacob A Adlerstein , Paul M. Basta , Lauren Bilzin , Brian Bolin , Robert Britton , William A. Clareman , Alice Belisle Eaton , Joe Graham
    Location:
    USA
    Firm:
    Paul Weiss Rifkind Wharton & Garrison LLP
    Combating Abusive Bankruptcy - Ban on Shell Company Trading - Innovations as of January 1, 2025
    2024-11-04

    This article explains why the purchase of a shell company should be avoided today and even more so in the future under the new law, and that the formation of a new company is preferable when setting up a business (start-up).

    At the end of this article, the possible effects of the revision of the law on legitimate transactions with company shares will also be discussed.

    Seeking sound legal advice is therefore worthwhile both when founding a new company and when taking over an operating company.

    Filed under:
    Switzerland, Insolvency & Restructuring, Litigation, VISCHER AG, Due diligence, Articles of association
    Authors:
    Thomas Steiner-Krizaj
    Location:
    Switzerland
    Firm:
    VISCHER AG
    Navigating company dissolutions in Malta
    2024-11-04

    The voluntary dissolution of a Malta company is a significant legal process that should not be underestimated. It requires a thorough thought process, previous year compliance obligations to be met, and strict adherence to legal obligations. Failure to do so will result in serious consequences for the directors, shareholders and liquidator alike, especially if the liquidator is not vigilant in the manner in which the liquidator's role and responsibilities are carried out.

    Filed under:
    Malta, Company & Commercial, Insolvency & Restructuring, PwC Malta
    Authors:
    Stefan Diacono , Natasha Parnis England
    Location:
    Malta
    Firm:
    PwC Malta
    Insolvency Uncovered: Five Facts That Might Surprise You
    2024-11-06

    Introduction

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Al Mazrouei Advocates, Bankruptcy, Insolvency
    Location:
    USA
    Firm:
    Al Mazrouei Advocates
    Do You Have Debt and Need to Discharge It? A Comprehensive Guide to Debt Relief Under UAE and International Law
    2024-11-06

    Introduction

    Debt relief is a critical topic, especially for individuals and companies facing financial hardships that may affect their stability. Recently, the UAE has implemented clear legislative frameworks, as have some international laws, to help facilitate debt relief or restructuring. This article covers the legal procedures available, focusing on UAE legislation and international regulations, along with real-world cases and examples.

    First: Debt Discharge Under UAE Law

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Al Mazrouei Advocates, Private equity, Debt relief, Liquidation, Insolvency, UNCITRAL, United Nations Commission on International Trade Law, Commercial Bank of Qatar
    Location:
    United Arab Emirates
    Firm:
    Al Mazrouei Advocates
    False promises: directors beware of “insolvency avoidance" schemes
    2024-11-06

    The Times reported yesterday on the continued promotion of an “insolvency avoidance” scheme, despite efforts by the Insolvency Service to close it down. The scheme claims to offer directors of distressed companies a means of avoiding formal liquidation – with the associated scrutiny of their actions and risk of personal liability.

    Filed under:
    United Kingdom, Insolvency & Restructuring, Tax, Stevens & Bolton LLP, Liquidation, Insolvency, HM Revenue and Customs (UK), Insolvency Service (UK)
    Authors:
    Helen Martin
    Location:
    United Kingdom
    Firm:
    Stevens & Bolton LLP
    عندك ديون وتحتاج لإسقاطها؟ دليل شامل لإسقاط الديون وفقًا لقوانين الإمارات والقوانين الدولية
    2024-11-06

    مقدمة

    إسقاط الديون هو موضوع ذو أهمية كبيرة، خاصة للأفراد والشركات الذين يواجهون صعوبات مالية قد تؤثر على استقرارهم. وقد أتاحت قوانين دولة الإمارات العربية المتحدة الحديثة، وكذلك بعض القوانين الدولية، إطارًا قانونيًا واضحًا لإسقاط الديون أو تخفيفها. تتناول هذه المقالة الإجراءات القانونية المتاحة، مع التركيز على التشريعات الإماراتية والتشريعات الدولية، إضافة إلى عرض بعض الحالات القانونية والأمثلة العملية.

    أولاً: إسقاط الديون وفقًا لقانون الإمارات العربية المتحدة

    قانون الإفلاس في الإمارات (القانون الاتحادي رقم 9 لسنة 2016)

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Al Mazrouei Advocates, Private equity, Debt relief, Liquidation, Insolvency, UNCITRAL, United Nations Commission on International Trade Law, Commercial Bank of Qatar
    Location:
    United Arab Emirates
    Firm:
    Al Mazrouei Advocates

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