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Importantly, the new law has removed criminal liability from the debtor due to failure in declaring bankrupt, yet it may cause other legal repercussion. However, UAE has seven emirates namely as Dubai, Ajman, Abu Dhabi, Sharjah, Fujairah, Ras Al Khaimah, and Umm al Quwain. There are more than 40 Freezones in the UAE, so there […]
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