The increased economic significance of the United Arab Emirates (UAE) has attracted international creditors pursuing debt recovery as part of global enforcement efforts. The rapidly evolving landscape in the UAE presents creditors with a variety of options for asset recovery, including approaches in both onshore and offshore UAE, as well as within the insolvency framework.
Furthermore, creditors often face challenges from judgment and award debtors who seek to impede recovery efforts, most notably through fraudulent conveyance. As such, understanding the optimal strategies to navigate these challenges is critical.
The UK and UAE have also been reportedly making strides towards the reciprocal recognition of each other’s judgments, extending the potential scope for asset recovery for creditors operating in these jurisdictions.
For a more detailed look at the strategies for asset recovery and combating fraudulent conveyance in the UAE, you can read the full article on law.com here.