On September 16, 2024, the UAE Cabinet issued Resolution No. 94 of 2024, setting forth the executive regulations for Federal Decree Law No. 51 of 2023 on Financial Restructuring and Bankruptcy. This regulation introduces comprehensive guidelines to bolster financial...
Company liquidation is a well-established concept under the Federal Law No. 2 of 2015 on Commercial Companies (the ‘2015 Law’) that governs the process of dissolving a company and settling its obligations. The process of liquidation can be classified as either...
Cross-border transactions and investments represent a core aspect of global commerce, where countries like the United Arab Emirates (UAE) serve as an essential hub for international investors and businesses seeking expansive market access. Over the past few decades,...
In the realm of commercial law, the complexities of litigation often extend far beyond the mere facts of a case. This blog delves into a recent judicial decision, illustrating the nuanced interplay of legal principles and the judicial reasoning that guides court...
In construction disputes, particularly between contractors and property developers, the intricacies of contract enforcement, project completion, and compensation claims can become highly contentious. One such case recently came before the Abu Dhabi Court of Cassation,...
Under Cabinet Decision No. 111/2022, the UAE establishes a comprehensive regulatory framework for virtual assets and their service providers. Article 1 of this decision provides comprehensive definitions for terms such as virtual assets, virtual asset service...
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