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Wednesday, 31 August 2016

UAE bankruptcy law may be finalised by end-2016 | GulfNews.com

UAE bankruptcy law may be finalised by end-2016 | GulfNews.com:

"The United Arab Emirates may finalise a long-pending bankruptcy law by the end of this year, the economy minister said on Wednesday, a move that could help smaller companies in particular as the economy slows because of low oil prices.
“The need for a bankruptcy law is there, as soon as possible,” Sultan Saeed Al Mansouri told reporters. “It is in the process. It should be finalised by the end of the year, that is my estimate.”
Al Mansouri also said the UAE’s new investment law might be finalised by the end of 2016 as a draft would soon be presented to the cabinet."



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