Courting insolvency reform

Gary Bell has not been paid in full for six months. He says his company, a project management and consulting firm, owes him almost Dh500,000 (US$136,165) in wages, and he is suing in the UAE’s labour courts to recover that sum.

Mr Bell is also working through legal channels to force the company into insolvency.

The company he works for is not alone. Many firms in the Emirates that have been hit by declining orders are taking drastic steps to survive, revising contracts, seeking delays in payment and cutting back on benefits, bonuses and raises.