UAE transforms bankruptcy into a tool for recovery and economic stability

UAE transforms bankruptcy into a tool for recovery and economic stability

Abu Dhabi: The UAE has significantly transformed its approach to bankruptcy, moving away from the traditional perception of default and failure towards a modern framework focused on recovery, regulation and economic sustainability, according to the head of the Federal Bankruptcy Court.Judge Hossam Hassan Al Hamour, President of the Federal Bankruptcy Court, said the UAE has adopted an integrated approach combining government, economic and judici…