The Bankruptcy Law in the United Arab Emirates

At the end of last year, the UAE government issued a new bankruptcy law which was regarded as an important step towards its insolvency regime. The new law outlined a more modernized approach to company restructuring and insolvency management and provided clearer criteria on the legal guidelines and its application for businesses. Gary Watts, Head of Corporate Commercial at Al Tamimi & Company, speaks to Tina Ghanem, Head of Accelerate SME at Thomson Reuters MENA, on what this law means for businesses across the UAE.