Guide to the UAE Netting Law 2018

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The Netting Law (Federal Decree Law No.10 of 2018 regarding Netting) introduces a modernised framework for the netting of payment and other obligations in the United Arab Emirates. It confirms the effectiveness of eligible netting arrangements in accordance with the terms of the parties’ contract, both prior to and following the commencement of insolvency proceedings in the UAE.  

In this alert, we summarise the key features of the new UAE netting regime.