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    OW Bunker Dilemma
    2016-06-08

    Who to pay when the bunker supplier becomes insolvent

    1. Introduction

    Filed under:
    United Arab Emirates, United Kingdom, Insolvency & Restructuring, Litigation, Shipping & Transport, STA Law Firm Ltd, Admiralty law, Title retention clause, ING Group
    Authors:
    Kochi Umarvasylyeva
    Location:
    United Arab Emirates, United Kingdom
    Firm:
    STA Law Firm Ltd
    Дилемма OW Bunker
    2016-06-28

    Кто должен платить, когда поставщик топлива становится неплатежеспособным.

    1. Введение

    Filed under:
    United Arab Emirates, United Kingdom, Insolvency & Restructuring, Litigation, Shipping & Transport, STA Law Firm Ltd
    Location:
    United Arab Emirates, United Kingdom
    Firm:
    STA Law Firm Ltd
    آثار الإفلاس
    2016-06-28

    بإشهار افلاس شخص ما أو شركة ، وما هي الفائدة التي تعود على الدائنين ، وهنا سنبين أهم الىثار التي تترتب على على الحكم بإشهار الإفلاس وهي عدة آثار بالنسبة للمدين وبالنسبة للدائنين  وبالنسبة للتفليسة نبينها فيما يلي :-

    ويمكن حصر الاثار المتعلقة بشخص المدين في أربعة آثار رئيسية :
    1- تقييد حرية المفلس : لا يجوز للمفلس ان يتغيب عن محل اقامته دون ان يخطر امين التفليسة كتابة بمحل وجوده، ولا يجوز له ان يغيره او يغادر الدولة الا بإذن من قاضي التفليسة. 

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, STA Law Firm Ltd
    Location:
    United Arab Emirates
    Firm:
    STA Law Firm Ltd
    الإفلاس التجاري
    2016-06-28

    إن الثقة والإئتمان هي أساس التعامل التجاري في معظم المعاملات بين التجار لأنه يتم في معظم الأحوال أن يقوم التجار فيما بينهم بالتعامل الآجل اي أن يتم توريد البضاعة أو الخدمة وبعد ذلك يتم تحصيل الثمن أو الأجر بعد فترة أو على أقساط ، وإذا استمر التاجر في سداد التزاماته وديونه في مواعيدها فلا يمكن لأحد أن يسبب له اي مشكلة ، أما إذا توقف أوتعثر في سداد تلك الديون فيضطرب مركزه المالي ويهتز ائتمانه وقد يلجأ إلى وسائل أو إجراءات لتهريب أمواله من التنفيذ عليها أو يجامل بعض الدائنين على حساب البعض الآخر وهنا قد يتضرر الدائنين كلهم أو بعضهم حيث قد يمكن لأحدهم أن يحصل على

    Filed under:
    United Arab Emirates, Company & Commercial, Insolvency & Restructuring, STA Law Firm Ltd
    Location:
    United Arab Emirates
    Firm:
    STA Law Firm Ltd
    DIFC Court Judgment Enforced in Australia
    2016-07-25

    In a landmark legal development, a judgment of the DIFC Courts has been recognised and enforced for the first time in a Western jurisdiction.

    The Supreme Court of New South Wales, Australia, issued an order recognising and enforcing the DIFC Courts judgment issued by Justice Sir Richard Field in Legatum Limited v Arif Salim (CFI 027/2014).

    Filed under:
    United Arab Emirates, Company & Commercial, Insolvency & Restructuring, Litigation, Al Tamimi & Company, Dubai International Financial Centre, Supreme Court of the United States, DIFC Courts
    Authors:
    Tarek Shrayh
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company
    An Overview of the UAE Insolvency Regime and its Effectiveness
    2016-07-25

    In these challenging economic times, some businesses are struggling to cope with financial pressures and financiers are concerned with their customers’ ability to service their financing arrangements. An effective insolvency regime is, therefore, an important element of financial system stability. The statutory insolvency regime in the United Arab Emirates (“UAE”) has often been regarded as under-developed and remains largely untested.

    Filed under:
    United Arab Emirates, Company & Commercial, Insolvency & Restructuring, Litigation, Al Tamimi & Company, Bankruptcy, Debtor, Debt, Economy
    Authors:
    Renata Rai , Yi Ling Wong
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company
    A competitor to the DIFC? The emergence of the Abu Dhabi Global Market as an alternative ‘offshore’ legal framework within the UAE
    2015-07-29

    The ADGM was established in Abu Dhabi in 2013. However, the ADGM has only recently (on 15 June 2015) published its first set of commercial rules and regulations for non-financial services (the Regulations) relating to companies, insolvency, employment and real property and strata title. It is also expected to publish regulations for financial services later this year. ADGM’s intentions are clear.

    Filed under:
    United Arab Emirates, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Real Estate, Bryan Cave Leighton Paisner, Dubai International Financial Centre
    Authors:
    Ian Clarke
    Location:
    United Arab Emirates
    Firm:
    Bryan Cave Leighton Paisner
    Attaching assets in the UAE: an effective tool for claim creditors
    2015-07-29

    There is a wide range of precautionary attachment options in the UAE which creditors in the region should take into account.

    Filed under:
    United Arab Emirates, Banking, Insolvency & Restructuring, HFW, Debtor
    Authors:
    Jessica Crozier , Rami Al Tal
    Location:
    United Arab Emirates
    Firm:
    HFW
    Arbitration and insolvency law in Dubai— is there a link?
    2010-07-20

    Dubai currently has no effective insolvency law. Try to imagine it: How would creditors recover their entitlements? Does it lead to more arbitration activity? Does it explain why the Dubai International Arbitration Centre received more than 300 new cases last year and why arbitration is increasingly used?

    Insolvency Law—Is It Necessary?

    Filed under:
    United Arab Emirates, Arbitration & ADR, Insolvency & Restructuring, Mayer Brown, Bankruptcy, Margin (finance), Debt, Liability (financial accounting), Intangible asset, International Bar Association
    Authors:
    Raid Abu-Manneh , Jeremy Snead
    Location:
    United Arab Emirates
    Firm:
    Mayer Brown
    Middle East briefing
    2010-07-26

    Arbitration and insolvency law in Dubai - is there a link?

    Try to imagine a legal system without an effective insolvency law, as in Dubai. How would creditors recover their entitlements? Does it lead to more arbitration activity? Does it explain why the Dubai International Arbitration Centre had over 300 new cases last year and why arbitration is increasingly used?

    Insolvency law - is it really necessary?

    Filed under:
    United Arab Emirates, Arbitration & ADR, Insolvency & Restructuring, Mayer Brown, Bankruptcy, Debt, Liability (financial accounting)
    Authors:
    Raid Abu-Manneh , Jeremy Snead
    Location:
    United Arab Emirates
    Firm:
    Mayer Brown

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