Keeping up with the Trend: The New Dubai International Financial Centre Insolvency Law

By Danielle Lobo, Imran Asghar (former Afridi & Angell Associate)

This article explores the reformation of the insolvency regime by the DIFC which had been motivated by the need to provide more efficient and practical insolvency and restructuring mechanisms to debtors as well as creditors. This article provides an understanding of the new Dubai International Financial Centre (‘DIFC’) insolvency law; DIFC Law 1 of 2019.

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