by Yashika Jain | Nov 12, 2019 | Articles
The Court shall dismiss the application for Protective Composition in the following cases: If the Debtor is already subject to Protective Composition, restructuring, bankruptcy or liquidation of the Debtor’s Assets in the State in accordance with the provisions of... by Yashika Jain | Nov 10, 2019 | Articles
Upon acceptance of application of debtors by the Court, the Debtor shall deposit a sum of money or a bank guarantee with the Court’s treasury in the manner and by a date as determined by the Court, to cover the costs and expenses of the Protective Composition... by Yashika Jain | Nov 7, 2019 | Articles
The application for Protective Composition filed with the Court by debtors shall set out the reasons for the application, and be accompanied by the following documents: Memorandum including a brief summary of the economic and financial position of the Debtor together... by Yashika Jain | Nov 7, 2019 | Articles
The Committee shall have the following authority: To supervise the administration of the financial reorganisation of financial establishments licensed by the Competent Supervisory Authority, in order to facilitate amicable agreements between the Debtor and its... by Yashika Jain | Nov 6, 2019 | Articles
The provisions of the Bankruptcy Law shall apply to: Companies governed by the Commercial Companies Companies not established under the Commercial Companies Law and which are wholly or partly owned by the federal or local government, and which have enabling... by Yashika Jain | Nov 6, 2019 | Articles
Table (1): Violations and Administrative Penalties related to the Implementation of the Federal Law No. (7) of 2017 on Tax Procedures Description of Violation Administrative Penalty (AED) 1 The failure of the person conducting Business to keep the required records and...
