United Arab Emirates: Abu Dhabi Courts Take Strong Stance Against Personal Guarantors As Central Bank Implements Security Requirements - BSA Ahmad Bin Hezeem & Associates LLP

In a significant move, the Central Bank of the United Arab Emirates has issued circular no. /3/ of 2023 ("Circular"), in pursuance of the Federal Decree-Law no. /23/ of 2022 amending Federal Decree-Law no. /14/...