Creditors' Rights in the UAE
By: Paul de Cordova, Jeffrey N. Rich, Tony Griffiths, Dr. Sabine Konrad
The recent announcement by the government of Dubai that it would be seeking a stand-still on debt repayments by Dubai World and its subsidiary Nakheel PJSC has sent shock waves around the globe and raises questions regarding the rights of creditors in the UAE. This Alert highlights some key features of UAE federal insolvency law which may be relevant to those who have dealings with debtors in the UAE.
To view the complete alert online, click here.