Insolvency (E-leraning course) (English Language)

This course sets out the legislative framework for insolvency in the United Arab Emirates in accordance with Federal Decree-Law No. (19) of 2019. It outlines the scope of its application, its limitations, and its relationship with the Bankruptcy Law and other relevant commercial legislation.

The content addresses the conditions and procedures for the settlement of financial obligations, the declartion of insolvency and liquidation of assets, as well as the formal and substantive requirements for the acceptance of applications, the roles of the court, the expert, and the trustee, and the legal effects arising from the initiation of proceedings, including the stay of enforcement proceedings, financial restructuring, and criminal liability in cases of abuse of the system.

The course also includes a practical review of recent case law, illustrating prevailing judicial approaches to the interpretation of statutory provisions, thereby reinforcing the principle of balancing the protection of creditors’ rights with affording a debtor acting in good-faith the opportunity to reorganise their financial affairs within a regulated legal framework.