United Arab Emirates Collection Profile

uae-bnr

 

Collecting debts in United arab emirates

  • Whilst the payment behavior of large domestic companies is generally good, dealing with small and medium size businesses may represent a significant risk of non-payment. Since insolvent debtors may be sentenced to a prison term,  their tendency to disappear when things turn wrong is significant.

  • The legal framework is complex and the courts tend to lack independency and reliability whilst procedural delays and costs may be prohibitive.

  • Insolvency law does not provide much support when it comes to debt recovery: a debt renegotiation mechanism has been put in place but in practice it remains largely untested and liquidation prevails, thus leaving no chances of recovery to the creditors.

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    uae

    United Arab Emirates

    Collection complexity

    severe-2


    Collection relating to

    Payments
    $-2
    Court
    proceedings
    Gav-4
    Insolvency
    proceedings
    Arrow-4
     

    United Arab Emirates

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