Insolvency (e-learning) (Arabic Language)

This course presents the legislative framework governing insolvency in the United Arab Emirates, as stipulated in Federal Decree-Law No. (19) of 2019, outlining its scope, limitations, and relationship to bankruptcy law and related commercial legislation.

The content covers the conditions and procedures for initiating settlement proceedings for financial obligations, declaring insolvency, and liquidating assets. It addresses the formal and substantive requirements for application acceptance, the roles of the court, expert, and trustee, and the legal consequences of initiating proceedings, including stay of execution, rehabilitation, and criminal liability for misuse of the system.

Furthermore, it includes a practical analysis of recent judicial rulings that illustrate the judiciary’s approach to interpreting legal texts, thereby upholding the principle of balance between protecting creditors’ rights and enabling debtors in good faith to reorganize their financial affairs within a well-defined legal framework.