Hadef & Partners is proud to have been contributing authors on the Practical Law note: Security under the UAE Movables Security Law: Overview (UAE)
This Practice Note provides an overview of Federal Law No. (4) of 2020 regarding rights in Movables (Movables Security Law) and Cabinet Resolution No. (29) of 2021 concerning the Executive Regulations of the Movables Law (Executive Regulations) which provide a regime for the creation, registration and enforcement of security interests over movables under the law of the United Arab Emirates (UAE). The Note covers the process for creating and perfecting a security interest under the Movables Security Law, registration of a security interest with the Emirates Movables Collateral Register and enforcement.
Contributing Author from Hadef & Partners was Catriona McDevitt, Partner and Head of Banking & Finance.