In collaboration with Afridi & Angell, the Dubai Chamber of Commerce recently hosted a webinar to familiarize UAE businesses with recent changes to UAE bankruptcy law, as well as laws and protocols to follow when filing for bankruptcy.
The webinar attracted 210 participants from various economic sectors who learned about the current advancements and main components of the UAE Bankruptcy Law, as well as recent changes in the law.
The session was led by Rahat Dar, Partner, Afridi & Angell, who spoke about the main features of the UAE bankruptcy law and the fundamental changes that have been made to this law in recent years.
Dar stressed the importance of raising awareness of key aspects of bankruptcy in the UAE, such as the legal options companies can take in the event of financial difficulties, as well as the framework to follow in the process of filing for bankruptcy.
Jehad Kazim, Vice President, Legal Services, Dubai Chamber of Commerce, noted that the webinar supports the Chamber’s efforts to keep the business community in Dubai informed of the latest regulatory developments and provide an ideal platform for companies can ask their questions directly to the legal experts. .
UAE bankruptcy law has been updated in recent years to meet the changing needs of Dubai businesses facing a new reality and different challenges, she explained, adding that the Chamber of Commerce of Dubai regularly organizes seminars and webinars which offer clarity and advice on the main legal aspects. issues that impact the business community in Dubai.