Federal Judiciary Council Issues Decision Regulating Bankruptcy Court, Jurisdiction

Federal Judiciary Council issues decision regulating Bankruptcy Court, jurisdiction

Abdullah bin Awad Al Nuaimi, Minister of Justice and President of the Federal Judiciary Council, has issued a decision regarding the regulation of the Bankruptcy Court. The decision stipulates that the Bankruptcy Court shall be headquartered at the Abu Dhabi Federal Courts of First Instance and shall have jurisdiction over all applications and disputes arising from the implementation of the provisions of the Federal Decree-Law on Financial Restr…

New UAE bankruptcy court a ‘vital economic tool’

Will be based in Abu Dhabi To build a stable legal framework Comprising a president and judges panel The UAE is setting up a dedicated bankruptcy court as it looks to strengthen its financial system and reassure global investors during rising corporate complexity. Based at the Abu Dhabi Federal Court of First Instance, the new court will handle disputes and requests arising from bankruptcy proceedings under the country’s updated insolvency law, …

UAE Launches Specialized Bankruptcy Court to Strengthen Business Stability and Legal Framework

The Federal Judiciary Council can establish one or more court headquarters in any of the emirates affiliated with the original court The UAE’s Ministry of Justice has recently issued a decision regulating the Bankruptcy Court. This step aims to develop a judicial structure that supports the national economy and enhances the effectiveness of the justice system in dealing with cases of financial distress and bankruptcy. According to the decision, …

UAE: Federal Judiciary Council issues decision regulating Bankruptcy Court, jurisdiction

The decision stipulates that the Bankruptcy Court shall be headquartered at the Abu Dhabi Federal Courts of First Instance