EFC in the UAE

The-Oath-March-2020-Clyde-&-Co

Keith Hutchison and Michael Morris of Clyde & Co highlight the impact of the recent change to the Bankruptcy Law on debtors and creditors in the United Arab Emirates. On October 22, 2020, the UAE government made various changes to the UAE Bankruptcy Law[1], including introducing the concept of Emergency Financial Crisis (EFC). Subsequently, on January 10, 2021, the UAE...
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