UAE’s Financial Restructuring Committee forms council to boost community interaction – The National

UAE’s Financial Restructuring Committee forms council to boost community interaction – The National

The UAE's Financial Restructuring Committee has formed a new council to boost its community interaction with experts in the field of financial reorganisation of defaulting companies and bankruptcy cases.

The Consultative Council is an “interactive environment with experts and experienced consulting providers”, the Ministry of Finance said on Tuesday.

The council will seek to provide a “continuous exchange of information related to the procedures of financial reorganisation of defaulting companies” and explore means of preparing development programmes, training experts, lawyers and judiciary staff on issues of financial reorganisation and bankruptcy.