Bankruptcy procedure Archives - Fichte & Co Legal Legal Firm in Dubai Wed, 06 Sep 2023 08:51:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://fichtelegal.arraytag.com/wp-content/uploads/2022/01/cropped-Favicon-32x32.png Bankruptcy procedure Archives - Fichte & Co Legal 32 32 Seven Things to Know About Filing a Bankruptcy Petition in the UAE https://fichtelegal.arraytag.com/bankruptcy-petition-in-the-uae/?utm_source=rss&utm_medium=rss&utm_campaign=bankruptcy-petition-in-the-uae Mon, 08 Oct 2018 02:42:29 +0000 https://fichtelegal.arraytag.com/bankruptcy-petition-in-the-uae/ If your company is thinking of filing a bankruptcy petition under the relatively new bankruptcy law in the UAE (Federal Law Decree Law No. 9 of 2016), there are a few key things to keep in mind prior to filing the petition: 1. The Law is Untested: The UAE bankruptcy law is untested at Court, …

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]]> Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE https://fichtelegal.arraytag.com/bankruptcy-proceedings-preventive-measures-in-uae/?utm_source=rss&utm_medium=rss&utm_campaign=bankruptcy-proceedings-preventive-measures-in-uae Tue, 31 Jul 2018 06:51:53 +0000 https://fichtelegal.arraytag.com/bankruptcy-proceedings-preventive-measures-in-uae/ Definition of bankruptcy: Legally speaking, bankruptcy in the UAE is an expression used to describe a legal status in which a natural (individual) or legal (company) person owes a sum of money to third parties and ceases to pay its debts when they fall due because of its troubled financial position and insolvency. Historical background: …

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