This workshop examines key issues of the evolution of the current Federal Decree-Law No. 51 of 2023 on Financial Restructuring and Bankruptcy and explores three key proceedings available to distressed businesses: Preventive Settlement, Restructuring, and bankruptcy in addition to the recent precedent-setting cases on personal liability, parallel proceedings, and cross-border recognition.
Date and Time
7 Oct 2025 8:30 AM – 12:30 PM
Venue
Dubai Chambers
Organized By
Dubai Chambers and Hadef & Partners
Event Type
Workshop
About the Workshop
This workshop examines key issues of the evolution of the current Federal Decree-Law No. 51 of 2023 on Financial Restructuring and Bankruptcy and explores three key proceedings available to distressed businesses: Preventive Settlement, Restructuring, and bankruptcy in addition to the recent precedent-setting cases on personal liability, parallel proceedings, and cross-border recognition.
Language: English
Objectives
The participants will gain better understanding of:
- Evolution of a modern business protection framework
- Detailed procedures for each type of bankruptcy proceeding
- Practical considerations for arbitration during bankruptcy
- Creditor list processes and late claim submissions
- Cross-border enforcement challenges and precedent-setting court decisions
- Personal liability risks for directors and managers (the “20% threshold rule”)
- Criminal penalties under the bankruptcy law • Real-world case studies demonstrating court applications
Participation Fees
(Excluding VAT)
- Dubai Chambers' Member: AED 600/-
- Non-member: AED 1500/-
%10 discount available for groups of three or more.
A selection of our partners
Speakers
Behram Nasir
Partner, HAS Law Firm
Behram Nasir is a senior corporate and M&A lawyer with over 15 years of experience in complex cross-border transactions across Europe, the Middle East, and Asia. A solicitor of England & Wales, he most recently served as General Counsel to a global fintech group, leading M&A, joint ventures, and regulatory structuring. He has worked at leading international and regional law firms and held senior in-house roles at global financial institutions, gaining strong client-side insight. Behram advises clients in regulated sectors like financial services, fintech, and commodities. Fluent in French, Spanish, Hindi, and Urdu, his approach is pragmatic, strategic, and commercially focused.
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