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The New Uae Bankruptcy System: Incomplete Radical Amendments, Dr. Omar Fares Dr.

مجلة جامعة الإمارات للبحوث القانونية UAEU LAW JOURNAL

When the Emirati legislator abolished the bankruptcy provisions that were contained in the Commercial Transactions Law of 1993, and adopted instead a special law of bankruptcy, Federal Law Number 9 of 2016, he achieved tangible success in developing the national bankruptcy system through the radical amendments approved over this law. The Emirati legislator had a correct choice of expanding the scope of application of the new bankruptcy system to include, in addition to commercial companies, all civil, private and governmental companies, as well as free zone companies. But he failed when he decided to keep individual merchants alone subject to …