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United Arab Emirates Is Launching a Specialized Bankruptcy Court to Streamline Insolvency Cases
The United Arab Emirates is launching a specialized federal bankruptcy court to streamline insolvency cases, a step that could increase investor confidence, reduce cross-emirate confusion, and create opportunities for legal and financial professionals.
DLA Piper, Charles Russell Speechlys, and Hadef & Partners expect the new court to give businesses and lenders clearer rules on which court to approach and more predictable rulings in bankruptcy cases.
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