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DUBAI–Financial institutions while in the United Arab Emirates have consented to supply the state’s combating tiny- to medium-dimension companies breathing space to refund their debts as low petroleum prices strain the region’s marketplaces.
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“That is definitely what insolvency is: provide the client time and supply The client Area delivered that he did,†he mentioned.
Officers For a long time have said They're going to introduce an insolvency law That may include personal bankruptcy information provisions that were Distinctive but Those people approaches appeared to happen to generally be procrastinated.