Tue 02/20/2024 00:00 AM
Advisors in the United Arab Emirates’ restructuring industry are optimistic about the impact of the country’s new onshore restructuring regime,
published in October, last year - but want clarity on some points and note that what is now needed is to see the legislation tested in the UAE courts.
The New Law (Federal Decree – Law No. 51/2023 on Financial Restructuring and Bankruptcy) has not yet been tested and is expected to come into...
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