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Khaleej Times

UAE creates Bankruptcy Court to handle related financial disputes

In a monumental decision on Thursday, the Ministry of Justice announced a decision regarding the organisation of the Bankruptcy Court, which will be headquartered at the Abu Dhabi Federal Court of First Instance. The court will be responsible for adjudicating all applications and disputes arising from the implementation of the provisions of the Federal Decree-Law on Financial Reorganisation and Bankruptcy. More to follow