Law Commons^™

Handcuffing Of A Bankrupt, Dr> Hussein Yousef Ghanayem

UAEU Law Journal

Handcuffing of a bankrupt is the act of banning a person from administering, litigating or disposing of his personal property and assigning that to a trustee (administrator of bankruptcy). It comes forth in execution and pursuance of the judgement of declaration of bankruptcy.

In ancient days, the body of the debtor as well as his personal property were exposed to execution. He was sold or slaved, or his corpse was apportioned among his creditors. It was well known that " He who cannot pay with his purse pays with his skin”.

The object of handcuffing a bankrupt is twofold: (a) …

The Conflict Between Territorial And Universal Of Bankruptcy Orders, Abed Al-Monim Shawkat Zamzam

UAEU Law Journal

The financial crisis has affected investment projects all over the world. One of its repercussions was the bankruptcy of many multi-national companies. Law jurisprudence has split over the scope of recognition of bankruptcy orders issued in a foreign country. Some jurisprudence embraced the territoriality theory with regards to bankruptcy orders, so that such order does not have any legal effect in the territories other than the one in which it was issued. Others opine for the universality of the bankruptcy orders since the debtor has one patrimony, which should include all his rights and obligations. This article intends to study …

Corporate Bankruptcy Requirements & Impacts “Under The Egyptian Law, Belal A. Badawy

UAEU Law Journal

The term “Merchant” does not only make reference to a natural person, but can also mean a moral person and, more precisely, corporations. As firms acquire commercial capacity, they become subject to the same legal regulations governing individual merchants. They can then be declared bankrupt just at the moment that they stop paying their commercial debts.

While much emphasis has been placed on the provisions of bankruptcy generally in jurisprudence and legislation, the bankruptcy provisions of corporations are somehow overlooked, although such provisions are those which should have been given due attention, for two reasons:

First, the role of a …

Appeal Against The Judgment Of Bankruptcy In Light Of The New Judicial Systems In The Kingdom Of Saudi Arabia, Ahmed Makhlouf Jr

UAEU Law Journal

This paper presents the challenge to the ruling of Bankruptcy This paper presents the challenges against the judgment of Bankruptcy in light of the new judicial systems in the Kingdom of Saudi Arabia, which has changed significantly the UK litigation system. Where was the creation of specialized courts, including commercial courts, the adoption of the principle of litigation on the two instances, and the establishment of the Supreme Court to monitor the proper application of the provisions of Shariaa and regulations (laws). Therefore, bankruptcy suits have become passed by two phases of litigation. The first instance in front of first-class …