insolvency reforms

Key Reforms in ADGM Courts: Insolvency and Schemes of Arrangement

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Introduction to ADGM Courts The Abu Dhabi Global Market (ADGM) Courts serve a pivotal role within the judicial landscape of the Emirate of Abu Dhabi. Established in 2015 as an independent court system, these courts were designed to address the unique needs of international business and commercial transactions within the ADGM framework. The establishment of … Read more

Understanding Federal Decree-Law No. 19 of 2019: Key Reforms in Insolvency for Natural Persons in the UAE

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Introduction to Federal Decree-Law No. 19 of 2019 Federal Decree-Law No. 19 of 2019 represents a significant legislative reform in the United Arab Emirates (UAE), particularly concerning the framework governing insolvency for natural persons. This law emerged in response to the growing need for a structured legal system to address individual insolvency—a necessity borne out … Read more