Financial Restructuring and Bankruptcy Law

Article 279 — Article (279) Non-Creditor's Unlawful Participation in the Proceedings

Part Seven · Chapter One: Crimes, Penalties and Rehabilitation

The penalty of imprisonment for a period not exceeding one year and / or a fine of not more than (AED 200,000) two hundred thousand UAE dirhams shall be imposed on whoever: 1. Is not a creditor and gets involved in the deliberations or voting knowing that he is not a creditor. 2. Any controller or trustee who intentionally gives incorrect data about the debtor's condition, confirms this data or discloses data of a confidential nature delivered thereto on the occasion of his appointment as controller or trustee in accordance with this Law.

WAWhatsAppTGTelegram