What should we know when we seek to file for bankruptcy?

Dear Gilbert

Thanks for your question.

Business bankruptcy in the UAE is controlled by Federal Law by Decree No. 9 of 2016 on Bankruptcy which came into force on December 2016.

To aid financially troubled UAE businesses in avoiding liquidation and insolvency, the law establishes a legal structure that includes, among other things the legislation's stated goal to boost the reliability of doing business in the UAE and attract more foreign investment.

Before fixing a meeting, can you please send a copy of your memorandum of association and a copy of your Trade License to our email?

You can also send me a direct WhatsApp message for any further detailed information.

Thanks and Regards