September 21st Issue

Debtors Shall Not Go to Jail, Unless…

UAE’s new Federal bankruptcy law to benefit debtors, creditors and the economy. BY H.E. Obaid Al Tayer Mature economies have proven the need to implement a modern bankruptcy law in each country that wishes to strengthen its economic status. The aim behind the federal bankruptcy law is to attract capital in a safe and attractive investment environment, and provide protective legislation and legal acts to help establish a clear and transparent legal framework that protects all parties, achieves balance between creditors and debtors, and prioritizes creditors with guarantees over any debts. The bankruptcy law will support the UAE’s strategic plans to develop its economic, financial and legislative structure. The law will also enhance the UAE’s global competitiveness in international ranking reports, which will support sustainable economic growth. Enhancing the UAE’s global competitiveness, developing a strong economy for the country and protecting the rights o (Read More)

Inside Cover

Features

Securing the Hybrid Cloud

What skills do you need? BY Brian Dye  Hybrid cloud models offer many well-documented benefits, but they also introduce more…

Down Time

Kashmir: The Book Collector

A school dropout from Kashmir opens a ‘Travelers Library’ in Dal Lake BY Majid Maqbool In a small, nondescript room…