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.
In September 2021, a change was made to the UAE Civil Procedure Code (Federal Law 11 of 1992) (“CPC”) relating to Payment Orders.
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.