Abstract
This study deals with the protection of creditors and the debtor in accordance with the methods of saving and assisting troubled companies approved by the UAE Act of bankruptcy of 2016, as the legislator of the UAE in this law aimed to solve the difficulties faced by troubled companies and to protect them from bankruptcy and its negative consequences, This means raises problems about the extent of the protection afforded to the creditors compared to that afforded to the interests of the debtor, where legislator treated it with special care and subjected to special procedures differ from bankruptcy proceedings, and in particular through what he called financial reorganization and restructuring of companies and granting new finance or funding, the study highlighted the nature and mechanisms of saving or assisting companies and demonstrated the balance that could be achieved by these means between the rights of creditors and the debtor.
Keywords: reorganization, restructure, bankruptcy, troubled companies.
Recommended Citation
Khasawneh, alaa
(2018)
"Protection of the Rights of the Creditors and the Debtor in the Process of Financial Reorganization and Structuring of Troubled Companies: A Comparative Study on the 2016 UAE Bankruptcy Law, French and American Legislations,"
UAEU Law Journal: Vol. 2018:
No.
76, Article 3.
Available at:
https://scholarworks.uaeu.ac.ae/sharia_and_law/vol2018/iss76/3