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recovery-advisers-uae-commercial-law-creditors
Claiming outstanding debt facilitated by changes to UAE Civil Procedures Law
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미지급 채무 청구와 관련된 UAE 민사 소송법 개정 2020년 5월 UAE 민사 소송법이 채권자 친화적으로 개정되어, 지급명령은 민사 소송법 63조 4항에 의거하여 3일 이내 판결을 내리도록 개정되었고, 소송을 제기할 경우 채권을 증명하기 위해 제출하는 문서도 채무 인정과 관련된 문서로 간소화...
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recovery-advisers-dubai-courts
Recovery Advisers succeeds in landmark case representing ECA against Dubai-based trading company
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Recovery Advisers가 ECA를 대리해서 두바이에 있는 수입업자를 상대로 보험자 대위 소송을 제기하여 승소하였습니다. 해당 판결은 두 가지 점에서 매우 의미 있는 판결로 생각됩니다. 첫번째로 두바이 법원은 보험자가 대위채권을 행사할 경우 수출업자간 계약서상의 중재합의 조항이 적용이 되지 않는다고 판결하여 그 동안...
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recovery-advisers-dubai-courts
Recovery Advisers succeeds in landmark case representing ECA against Dubai-based trading company
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Dubai Courts uphold party autonomy and decide against subrogating an arbitration agreement. Recovery Advisers prevailed in a landmark case representing a major Export Credit Agency (ECA) in front of the Dubai Courts. The key outcome of the case addresses two...
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RECOVERY-ADVISERS-SAUDI-ARABIA-LAW
New Saudi Commercial Courts Regulations to boost recovery options in KSA
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Introduced on 15th April 2020, the new Saudi Commercial Courts Regulation (CCR) updates and enhances the process of commercial dispute resolution in the Kingdom of Saudi Arabia (KSA) to make it more efficient, transparent and in line with leading global...
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RECOVERY-ADVISERS-SAUDI-ARABIA-LAW
New Saudi Commercial Courts Regulations to boost recovery options in KSA
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사우디 내 회수 방안을 강화하기 위한 사우디 상사 법원 규정 2020년 4월 15일 발효된 사우디 상사법원 규정은 사우디가 상사사건을 처리함에 있어 상사 분쟁 환경을 현대화 하고 집행 명령등을 도입하여 판결을 빨리 받아볼 수 있는 절차를 도입하는 등 국제 관행에 합치하도록...
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recovery-advisers-saudi-arabia-courts-law
Notable Points in the Recovery Process – Saudi Arabia
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Formal requirements There are some formal requirements which the claimant needs to fulfill before filing a claim: The claimant’s legal representative must obtain super-legalized Power of Attorney (PoA) which delegates them to commence legal action in front of the Saudi...
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recovery-advisers-saudi-arabia-lawfirm
Practical tips for managing claims and recoveries in Saudi Arabia under new CCR
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KSA Recovery Reference Statutes of Limitations Commercial Claims: 5 years from cause of claim. Enforcement of bills of exchange / promissory notes: 3 years form maturity date. Int. Commercial Arbitration Member of 1958 NY Convention: Yes. Dedicated arbitration law: Yes...
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recovery-advisers-countryrisk-saudiarabia
Country Risk Profile for KSA
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Provided by CountryRisk.io Saudi Arabia is in a strong position to mitigate the adverse impacts of the COVID-19 pandemic and the subsequent repercussions, due to numerous factors. Predominantly, the government balance sheet, recording just 22.8% of government debt to GDP...
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