Federal Decree- Law on Factoring And Transfer Of Receivables
We Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates,
- Having Reviewed The Constitution;
- Federal Law No. (1) of 1972 Concerning the Competences of Ministries and the Powers of Ministers, as amended;
- Federal Law No. (3) of 1983 Concerning the Federal Judicial Authority, as amended;
- Federal Law No. (5) of 1985 Promulgating the Civil Code, as amended;
- Federal Law No. (11) of 1992 Promulgating the Civil Procedure Code, as amended;
- Federal Law No. (10) of 1993 Promulgating the Law of Evidence in Civil and Commercial Matters, as amended;
- Federal Law No. (18) of 1993 Concerning the Commercial Code, as amended;
- Federal Law No. (4) of 2000 Concerning the Emirates Securities and Commodities Authority and Market, as amended;
- Federal Law No. (8) of 2004 Concerning the Financial Free Zones;
- Federal Law No. (1) of 2006 Concerning the Electronic Transactions and Commerce, as amended;
- Federal Law No. (2) of 2015 on Commercial Companies, as amended;
- Federal Decree Law No. (9) of 2016 on Bankruptcy, as amended;
- Federal Law No. (7) of 2017 Concerning Tax Procedures, as amended;
- Federal Decree Law No. (10) of 2018 on Netting;
- Federal Decree Law No. (14) of 2018 Concerning the Central Bank and Regulation of Financial Institutions and Activities, as amended;
- Federal Decree Law No. (19) of 2019 on Insolvency;
- Federal Law No. (4) of 2020 on Securing Interest with Movable Property; and
-Based on the proposal of the Minister of Finance and the approval of the Cabinet,
Hereby decrees as follows: