Tag Archives: UAE

Major Changes in the UAE’s Succession and Inheritance Laws – An Overview

August 17, 2021 Business Comments Off on Major Changes in the UAE’s Succession and Inheritance Laws – An Overview

The UAE has announced some significant changes to the regulations impacting the family and personal life in the nation. One such vital reform is related to the modifications to inheritance rules, which do not automatically distribute property according to Islamic or Sharia law. It means that a non-Emirati person’s property …

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What Happens to Businesses During Company Liquidation In UAE

August 17, 2021 Business Comments Off on What Happens to Businesses During Company Liquidation In UAE

When a company in UAE has bills that exceed the available cash flow or has debts that outweigh its assets, it’s legally insolvent and has to undergo company liquidation.  What is involved in the process of company liquidation in UAE? The UAE has issued Federal Decree Law (No 19) of …

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