Symposium on financial restructuring

Business Bureau, Gulf Today

The Ajman Chamber of Commerce and Industry (ACCI) organised a legal symposium in cooperation with AJ Financial Consultants on bankruptcy law, financial restructuring and insolvency. The symposium focused on clarifying the mechanisms developed by the UAE legislator for the prevention of projects and businesses from bankruptcy.

It comes within a chain of legal seminars organised by the ACCI to raise the legal awareness of the private sector.

The symposium was held at the Saray Hotel-Ajman in the presence of Mohamed Bin Khalifa Bin Salmeen, Board Member of Ajman Chamber, and Abdullah Omar Al Marzouki, Executive Director of Corporate Registration and Transaction Services. It was also attended by a number of representatives of law firms, lawyers, financial auditors, Chamber’s members, businessmen and university students.

Al Marzouqi said, “The Ajman Chamber within its efforts to support and develop the economy is keen to promote legal awareness among the business community through its legal seminars that highlight the relevant legislations in the economic sector in cooperation with the concerned authorities.

He continued, “The Chamber holds these seminars to ensure the sustainability of the private sector and its capital to meet the aspirations of its members and the investors. It strives to create a conducive and safe investment environment that operates under the laws that guarantee the rights of everyone.”

“These legal symposiums and arbitration courses generally comes under the direct guidance of the Board of Ajman Chamber. They also go line with the Chamber’s strategic objectives that aim to provide various services and support for the members and the local community in order to ensure the growth and prosperity of the emirate’s economy and leadership,” he added.