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insolvency law

insolvency law latest

Tips on How the New UAE Law Will Help Residents With Debts
December 15th, 2019 - 08:15 GMT

Tips on How the New UAE Law Will Help Residents With Debts

An insolvency law that was approved by the UAE Cabinet earlier this week will protect debtors' dignity and gives them the opportunity to manage their finances, the Ministry of Finance has said. On Tuesday, the ministry explained how the law will be applied; how debtors can settle their dues; and what documents they will need to submit. Purpose of the law The Insolvency Law of Natural Persons addresses debtors' inability ...
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The law also provides for a new administration process where there is evidence of mismanagement or misconduct.
June 12th, 2019 - 09:26 GMT

Dubai Introduces New Insolvency Law

Al Bawaba News

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