Paul Hughes Examines UAE Recovery Options for International Creditors in Law.com International
January 2, 2024
Publication: Law.com International
As the United Arab Emirates (UAE) emerges as a significant economic center, it has attracted international creditors seeking to recover debts as part of a worldwide enforcement campaign. Kobre & Kim’s Dubai-based Paul Hughes, who focuses on cross-border judgment and award enforcement, explores the options available for creditors to accelerate recovery and overcome common hurdles in an article for Law.com International.
Several paths exist for the recognition of foreign judgments or awards in the UAE, including through the Dubai International Financial Centre (DIFC) or Abu Dhabi Global Market (ADGM) courts, as well as in onshore courts. Judicial tools are also available to respond to debtor strategies, including fraudulent conveyance.