Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    Netting Law
    2019-01-31

    The New UAE Netting Law

    Netting is a standard mechanism used in banking and financial markets for the settlement and payment of competing rights or interests between counterparties. This occurs through an agreed process of termination and evaluation of such rights or interests and consolidation to one single (or ‘net’) payment from one party to another, minimising the overall credit and settlement risk.

    Filed under:
    United Arab Emirates, Banking, Derivatives, Insolvency & Restructuring, Al Tamimi & Company, Central bank, Dubai International Financial Centre, International Swaps and Derivatives Association
    Authors:
    Maria Drenova
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company
    RAK Court of Cassation Clarifies the Court’s Power to Interpret the Parties’ Intentions
    2019-02-28

    Introduction

    When a limited liability company goes into liquidation, its creditors are faced with considerable uncertainty, not least over their rights to securities on loans made to the defaulter. In such cases, a number of questions arise, including the following:

    Filed under:
    United Arab Emirates, Company & Commercial, Insolvency & Restructuring, Litigation, Al Tamimi & Company, Limited liability company
    Authors:
    Mohamed Abdelsabour , Sara Omer Ali
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company
    Recent Amendments in the Civil Law Procedure
    2019-03-03

    UAE Legislators on 9 December 2018 issued a Decision of Council of Ministers Number 57 of 2018 (the Decision) regarding the recent amendments in Federal Law Number 11 of 1992 concerning the UAE Civil Procedure Code (the Civil Law). The decision issued by the Cabinet is major regarding the advertising and notification procedures. The present article by Legal Consultants of Dubai shed lights on the notification procedures in Execution cases. Following are the notable amendments made under the Decision regarding execution orders:

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Litigation, Hassan Elhais
    Location:
    United Arab Emirates
    Firm:
    Hassan Elhais
    A boost to enforcing debt claims in the UAE
    2019-03-18

    Recent amendments to the UAE Civil Procedure Code (CPC) are aimed at modernising and enhancing the litigation process in the UAE Courts. This includes simplifying and expediting the process for a creditor to obtain an enforceable judgment on admitted debt claims as a "Payment Order". Clyde & Co reports here on this welcome development and a very recent success with such a claim under the new regime.

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Litigation, Clyde & Co LLP
    Authors:
    Keith Hutchison
    Location:
    United Arab Emirates
    Firm:
    Clyde & Co LLP
    Key updates modernise UAE civil procedure
    2019-03-18

    Civil procedure in the onshore UAE Courts has very recently been supplemented, and in certain key respects has been revised, by extensive Federal regulations signalling continued modernisation of the onshore legal process. These developments, effective from 16 February 2019, are of relevance to all businesses with a presence or commercial interests in the UAE, and are likely to be of particular positive interest to claimants.

    Filed under:
    United Arab Emirates, Arbitration & ADR, Insolvency & Restructuring, Clyde & Co LLP, Code of Federal Regulations
    Authors:
    Keith Hutchison , Sherif Maher , Maher Al Nashar
    Location:
    United Arab Emirates
    Firm:
    Clyde & Co LLP
    New Ruling on Definition of Maritime Debt by the UAE Union Supreme Court
    2017-10-31

    In follow-up to our March 2017 Law Update article, ‘UAE Court Dismisses Physical Bunker Supplier Claim Against Ship Owner’, this article provides an overview of the subsequent determination of the UAE Union Supreme Court’s judgment (Appeal 655 for the year of 2016 / Commercial) in relation to the bunkering matter.

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Litigation, Shipping & Transport, Al Tamimi & Company
    Authors:
    Tariq Idais
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company
    Doing Business in the United Arab Emirates
    2017-11-09

    I. Key facts

    What are the key facts on doing business in the UAE?

    When considering doing business in a foreign jurisdiction, an investor must consider a wide range of commercial, political and capital security issues that will impact the final decision of investing in a particular country.

    Over the last two decades the United Arab Emirates have proven itself to be a very attractive hub for investors to locate their business for many reasons, below are just a few of them:

    Filed under:
    United Arab Emirates, Banking, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, IT & Data Protection, Tax, Fichte & Co, Bankruptcy, Value added tax, Limited liability company, Excise
    Location:
    United Arab Emirates
    Firm:
    Fichte & Co
    Limitation Funds: A Landmark Decision in Dubai
    2018-01-22

    A recent decision of a specialist tribunal in Dubai could have far-reaching consequences for the maritime industry. In this article Robert Thomas QC, of Quadrant Chambers, and Robert Lawrence and Leonard Soudagar, of Clyde & Co, examine how it is now possible, in certain circumstances, for a shipowner to set up a limitation fund in the UAE.

    Filed under:
    United Arab Emirates, Arbitration & ADR, Insolvency & Restructuring, Litigation, Clyde & Co LLP, Dubai International Financial Centre
    Authors:
    Robert Lawrence
    Location:
    United Arab Emirates
    Firm:
    Clyde & Co LLP
    New Bankruptcy Law in the Kingdom of Saudi Arabia
    2018-02-26

    Saudi Arabia recently published a new Bankruptcy Law. This is the latest development of a string of reforms under Vision 2030 to further encourage the participation of foreign and domestic investors by structuring the business legal framework. This article provides a general analysis of the new bankruptcy law and its implications for businesses operating in the Kingdom.

    Filed under:
    United Arab Emirates, Banking, Company & Commercial, Insolvency & Restructuring, Clyde & Co LLP
    Authors:
    Abdulaziz Al-Bosaily , Alain Sfeir , Shahd Makhafah
    Location:
    United Arab Emirates
    Firm:
    Clyde & Co LLP
    Formation of the Financial Restructuring Committee: Introducing Better Market Stability and Bankruptcy Searches to the UAE
    2018-05-31

    The UAE Cabinet issued Resolution (“Resolution”) no. 4 of 2018 Forming the Financial Restructuring Committee (“FRC”) pursuant to UAE Federal Law No. 9 of 2016 (“Bankruptcy Law”).

    In this article, we will highlight the important developments brought by the Resolution, especially in respect of Financial Restructuring of Financial Institutions and the introduction of bankruptcy searches to the UAE.

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Al Tamimi & Company
    Authors:
    Karim El Tantawi
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company

    Pagination

    • First page « First
    • Previous page ‹‹
    • …
    • Page 11
    • Page 12
    • Page 13
    • Page 14
    • Current page 15
    • Page 16
    • Page 17
    • Page 18
    • Page 19
    • …
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days