by khlegal | Nov 25, 2024 | Banking and Finance law
Introduction In a recent judgment delivered by the Court of Cassation on October 28, 2024, the court dealt with an important matter regarding the recognition and enforcement of bankruptcy orders issued by foreign courts. The case at hand involved a request for the...
by khlegal | Nov 25, 2024 | Banking and Finance law
In the intricate world of banking law, the relationship between financial institutions, borrowers, and guarantors is often governed by a delicate balance of contractual obligations and regulatory compliance. A recent decision from the Abu Dhabi Court of Cassation...
by khlegal | Nov 8, 2024 | Banking and Finance law, UAE Law
On September 16, 2024, the UAE Cabinet issued Resolution No. 94 of 2024, setting forth the executive regulations for Federal Decree Law No. 51 of 2023 on Financial Restructuring and Bankruptcy. This regulation introduces comprehensive guidelines to bolster financial...
by khlegal | Oct 15, 2024 | Banking and Finance law, UAE Law
Under Cabinet Decision No. 111/2022, the UAE establishes a comprehensive regulatory framework for virtual assets and their service providers. Article 1 of this decision provides comprehensive definitions for terms such as virtual assets, virtual asset service...
by khlegal | Oct 7, 2024 | Banking and Finance law, UAE Law
Legal Mortgages To provide protection for mortgagees and mortgagors, it is essential that the laws governing legal mortgages in Dubai stipulate requirements for their registration. For, when a borrower defaults, lenders can proceed with the auction once the notice...
by khlegal | Sep 9, 2024 | Banking and Finance law, UAE Law
Islamic finance is a financial system that operates in accordance with Sharia, the moral and ethical code derived from Islamic law. Unlike conventional finance, Islamic finance prohibits certain activities and promotes social justice, ethical investments, and...
