The Cabinet Decision applies to preventive settlement, restructuring, or bankruptcy proceedings where a debtor’s business has been affected by “Iranian acts of aggression.”
In the wake of the Iran war, the United Arab Emirates (UAE) has implemented the provisions of Chapter V (Articles 251–257) of the Financial Restructuring and Bankruptcy Law (Federal Decree-Law No. 51 of 2023) (as amended) (the UAE Bankruptcy Law).
Chapter V applies a special temporary regime and was invoked under Council of Ministers-issued Cabinet Decision No. 94 of 2026 (the Cabinet Decision). The Cabinet Decision and the regime apply to preventive settlement, restructuring, or bankruptcy proceedings where a debtor’s business has been affected by “Iranian acts of aggression”, and apply in respect of filings from 28 February 2026 onwards. The Cabinet Decision came into force on 1 June 2026, and the activation of Chapter V remains effective until terminated by a further Cabinet decision.
