Payment Orders – Latest updates and best practice for creditors pursuing simple debts
In September 2021, a change was made to the UAE Civil Procedure Code (Federal Law 11 of 1992) (“CPC”) relating to Payment Orders.
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Ship leasing – risk of reclassification in US proceedings
As the importance of ship leasing as an alternative to debt financing grows, one potentially difficult and uncertain issue should be examined: the risk of a lease being recharacterised in US legal proceedings.