What Is the New UAE Debt Law and How Does It Affect You?

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2025-11-01 13:55:17 -

After receiving cabinet approval last year, the UAE’s new insolvency law officially came into force in January 2020. This legislation is designed to protect individuals across Dubai and other emirates from legal prosecution in cases involving financial debt. The federal insolvency law also removes the criminal aspect of personal financial liabilities and introduces a three-year...

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