Decision issued on regulation of Bankruptcy Court

Abdullah Bin Awad Al Nuaimi, Minister of Justice and President of the Federal Judiciary Council, has issued a decision regarding the regulation of the Bankruptcy Court.

- Gulf Today, Staff Reporter

The decision stipulates that the Bankruptcy Court shall be headquartered at the Abu Dhabi Federal Courts of First Instance and shall have jurisdiction over all applications and disputes arising from the implementation of the provisions of the Federal Decree-Law on Financial Restructuring and Bankruptcy.

Furthermore, the decision also permits the Federal Judiciary Council, where appropriate, to establish one or more court headquarters in any of the Emirates, subordinate to the original court, with jurisdiction over the same applications and disputes.