UAE Capital Market Regulation Law

Article 51 — Article (51) Preventive Composition, Restructuring, Bankruptcy, or Liquidation of Persons Subject to the Authority’s Supervision

1. Without prejudice to the provisions of the legislation in force in the State, the Authority may impose additional procedures or conditions regarding the preventive composition, restructuring, bankruptcy, or liquidation of Persons subject to its supervision, provided that the Authority coordinates with the Relevant Authorities in this regard. 2. Notwithstanding any provision in any other legislation, settlement operations conducted through the Central Clearing shall enjoy a preferential right in the completion of settlement transactions.

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