Unified UAE Legislation Database

Cabinet Decision No. 94 of 2024 regarding the Executive Regulations of the Federal Decree-Law No. 51 of 2023 Promulgating the Financial Restructuring and Bankruptcy Law

Status

In force

Issuing Authority

The UAE Cabinet

Effective date

XX.XX.XXXX

Official Link

https://

The Cabinet:
- Having reviewed the Constitution,
- Federal Law No. 1 of 1972 on the Competencies of Ministries and the Powers of Ministers and its amendments,
- And Federal Decree-Law No. 51 of 2023 Promulgating the Financial Restructuring and Bankruptcy Law,
- Based on the proposal of the Minister of Justice and the approval of the The Cabinet,

has decided:

 

Article 1 - Definitions

In applying the provisions of this Decision, the words and phrases contained therein shall have the same meaning as stipulated in Article 1 of the Financial Restructuring and Bankruptcy Law issued by Federal Decree-Law No. 51 of 2023, and the following words and phrases shall have the meanings indicated next to each of them unless the context of the text requires otherwise:

 

The Law: Federal Decree-Law No. 51 of 2023 Promulgating the Financial Restructuring and Bankruptcy Law.

 

Registry: The registry established in the Financial Restructuring and Bankruptcy Unit of the Ministry, to record persons against whom judicial rulings have been i...