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UAE Company First to Avail of Bankruptcy Law at Abu Dhabi Court - Commercial & Bankruptcy Law News

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Commercial & Bankruptcy Law News


Posted on: Mar 20, 2019

From Arabian Business:

The Abu Dhabi Judicial Department has saved a company from bankruptcy through restructuring in a first of its kind case, the department announced recently.

The case in the Abu Dhabi Court of First Instance highlighted the inability of a limited liability to pay of its debts, which exceeded its available capital 18 times.

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