TME Legal
Insolvency Law in Dubai & UAE
Experienced international legal advice in Dubai: We support you with insolvencies, debt management & restructuring.
The insolvency law of the United Arab Emirates (UAE) has undergone a fundamental transformation in recent years. With the entry into force of Federal Law No. 51 of 2023 and the supplementary implementing regulation in 2024, the legal framework has been comprehensively modernized and adapted to international standards. This has resulted in new obligations and requirements for action for companies, managing directors, investors, and creditors, which must be carefully observed.
Especially in economically challenging times, it is crucial to precisely understand and correctly implement the complex requirements of insolvency law. Our international law firm TME Legal therefore supports companies in securing their rights, minimizing legal risks, and developing viable solutions.
Our Consulting Services in UAE Insolvency Law
Insolvency Administration and Trustee Activities
In the context of regular insolvency proceedings, our experienced lawyers assume the role of insolvency administrator or trustee, ensuring the legally sound execution of the process. With our comprehensive expertise in accounting, labor law, and commercial law, we offer holistic support for all insolvency-related tasks.
We not only support companies in securing and managing the insolvency estate but also develop practical solutions for creditors and debtors.
Our services include:
- Insolvency benefit pre-financing
- Organization and support for estate loans
TME Legal provides you with sound legal advice and practical implementation – from preventive planning to the professional handling of insolvency proceedings in Dubai and the UAE.
Corporate Restructuring and Reorganization
Companies can face financial difficulties for various reasons. It is crucial to take appropriate measures in time to secure the company’s continued existence. TME Legal Consultants supports you in sustainably stabilizing your company and bringing it back on track economically.
Our areas of focus include:
- Development of practice-oriented restructuring and reorganization concepts
- Avoidance of the obligation to file for insolvency through early legal measures
- Execution of insolvency proceedings
- Preparation and implementation of legally sound insolvency plans
- Structured liquidity procurement via banks, investors, or alternative financing sources
Insolvency Challenge
In insolvency proceedings, challenges are not uncommon and can lead to significant economic consequences. The new UAE Insolvency Law contains complex regulations whose correct interpretation and application require profound legal expertise. Early legal advice is therefore essential to effectively protect rights and ward off unjustified claims. Our international law firm has extensive experience in representing companies and competently assists you in defending against unfounded claims.
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Clear answers
Frequently Asked Questions about
Insolvency Law in Dubai
Does non-payment of debts constitute a criminal offense in the UAE?
The mere non-payment of debts does not generally constitute a criminal offense in the UAE. Criminal consequences only arise if there is evidence of malicious conduct, such as the deliberate concealment or hiding of assets to the detriment of creditors.
What are the legal consequences of non-payment of debts in Dubai?
Failure to meet existing payment obligations in the UAE can lead to significant legal and economic consequences. Creditors are entitled to take legal action, which may include, among other things, the garnishment of salaries, the freezing of bank accounts, or the seizure of assets. Furthermore, insolvency negatively affects personal creditworthiness and can significantly restrict future economic activity.
What limitation periods apply to debts in Dubai?
In the UAE, the limitation period for enforcing claims generally ranges between 10 and 15 years, depending on the type of claim and contractual agreements. However, the initiation of legal proceedings interrupts the existing limitation period and restarts the clock, allowing creditors to continue asserting their claims legally even after the original period has expired.
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