Many companies resort to restructuring in the face of financial challenges. Its a process where an entity revamps its financial and operational framework to mitigate distress and boost business performance.
In the United Arab Emirates, the restructuring and insolvency landscape has evolved substantially. And it has taken inspiration from best practices across the globe. After announcing its Insolvency Regulations 2015, based on the U.K. Insolvency Act and the Insolvency Rules 1986, the government has introduced significant amendments until finally launching the Insolvency Regulations 2022.
All the developments in this frontier have led to a three-tiered approach followed in Abu Dhabi and the broader UAE. It comprises consensual reorgani…
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