The UAE has pioneered a new insolvency regime for individuals or natural persons with the issuance of the stand-alone Insolvency Law No. 19 of 2019 (Insolvency Law), which has come to effect as of 30 November 2019. The Insolvency Law is intended to provide sufficient protections to natural or civil persons who are facing financial distress and are unable to settle their debts, unlike the UAE Bankruptcy Law which regulates commercial companies and individuals considered…
2019 has been marked with continued geopolitical uncertainty and market volatility. The projections for and opportunities in 2020 provide a more promising outlook, but there are a number of challenges locally and globally on the horizon, that all companies in the region need to be aware of.
For over three decades, Baker McKenzie Habib Al Mulla has helped businesses optimize opportunities and mitigate risks in the United Arab Emirates (UAE) and wider Middle East. The 2019 edition of the Doing Business in the UAE is your simple but comprehensive guide to understanding the current investment climate and the most important laws regulating investments and commercial activities in the UAE.
Since the UAE Federal Arbitration Law came into force on 15 June 2018, a number of procedural developments have been introduced in relation to both the conduct of arbitration proceedings and the enforcement of arbitration awards before the local UAE courts. The Federal Arbitration Law has repealed the Arbitration Chapter of the UAE Civil Procedures Code and has addressed the common pitfalls that existed under the old arbitration regime.
The 12th edition of the Baker McKenzie International Arbitration Yearbook is now available. This new edition focuses in particular on diversity in international arbitration and considers the historical position, the present landscape and what the future might hold for this important topic.