On September 16th, a new issue of the Federal Gazette was circulated which included the new Executive Regulations of the 2023 Financial Restructuring and Bankruptcy Law in the UAE.
Effective from 1 May 2024, a new Federal Decree-Law No. (51) of 2023 concerning Financial Restructuring and Bankruptcy will replace the Federal Decree-Law No. (9) of 2016 on Bankruptcy.
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