The United Arab Emirates (UAE) has emerged as a significant economic center, attracting international creditors seeking to recover debts from recalcitrant debtors as part of a worldwide enforcement campaign.
The fast pace of recent developments has left many creditors wondering what the best options for them are in the jurisdiction – which include potential paths in onshore and offshore UAE, as well as levers in the insolvency framework. Creditors may also wonder how they can overcome some of the most common hurdles that judgment and award debtors attempt to use to frustrate recovery, including fraudulent conveyance. Here, we delve into the available options.
