Federal Decree-Law No. 51/2023 Promulgating the Financial Reorganisation and Bankruptcy Law (the Bankruptcy Law) introduced a new bankruptcy regime in the UAE, but left a number of key issues to be addressed under later implementing regulations. These regulations have now been issued under Cabinet Decision No. 94/2024 On the Implementing Regulation of the Financial Restructuring and Bankruptcy Law (the Implementing Regulations). The Implementing Regulations supplement the Bankruptcy Law and provide further guidance and clarity on several issues as highlighted below...
Afridi & Angell
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Overview
Afridi & Angell is a leading full-service business law firm in the United Arab Emirates (U.A.E.). The firm, one of the oldest in the U.A.E., was established in 1975, not long after the formation of the U.A.E. in 1971.
Our history and reputation for quality legal work has made the firm an integral part of the country's legal landscape and one of the premier law firms in the region. The quality and high standards of the firm are set and preserved by the partners who have many years of experience in the U.A.E. Our lawyers are trained in international jurisdictions and bring with them international experience and the world's business languages.
We advise local, regional and international clients on a wide range of transactions and legal issues. Our commitment to practical and solution-based advice is valued and recognised by clients.
Our clients are the core focus of our business strategy. Our holistic approach means we consider client matters as a whole with a view to obtaining the best result for the client and minimising potential future risks.
As one of the most established law firms in the U.A.E., our partners boast an unrivaled range and depth of local, regional and international experience. Their innate understanding of client needs coupled with their 'hands on' approach to client matters has undoubtedly formed the basis for the firm's sustained and growing international reputation.
We pride ourselves on being multi-specialists. This versatility makes our service consistent, effective and cost-efficient.
"Afridi & Angell provides 'consistently high service' and 'a creative and solution-oriented' approach, and caters to a mix of local and international clients."
Legal 500 EMEA 2013
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Articles
Dubai's Resilient Property Market in the face of climate change
Climate change is affecting the world, and its impact is notably most seen in the rise in sea levels and flooding from major weather systems, as evident in the recent events in Florida in the US. These changes directly threaten oceanfront communities and the local real estate market. Oceanfront properties, once considered prime real estate, are now facing significant devaluation globally due to the encroaching threat of rising waters. However, interestingly, while this trend is evident in many parts of the world, Dubai presents an anomaly where oceanfront property prices continue to defy the global trend, with property prices showing resilience and, in some places, even increasing...
Press
Chatura Randeniya, Danielle Lobo and Abdus Samad named in the ALB Super MENA 50 2024
We are delighted to announce that partners Chatura Randeniya, Danielle Lobo and Abdus Samad have been named in the Asian Legal Business (ALB) Super MENA 50 2024. In its fourth annual list, ALB Super MENA 50 spotlights 50 remarkable lawyers from the MENA region who have demonstrated outstanding client service.View the full list here.Visit our website here...
Charles Laubach and Bashir Ahmed named in The Legal 500
We are delighted to announce that partners Charles Laubach and Bashir Ahmed have been named in The Legal 500 M&A Powerlist: Middle East 2024. The annual list honours the region's top M&A professionals, setting them apart from their peers through their experience, leadership, and legal expertise.View the full list here.Visit our website to learn more: www.afridi-angell...