Federal Decree by Law No. (9) of 2016 Concerning Bankruptcy (economy and business law)

Article (230 ) 
3. Articles (417), (418), (419), (420) (421) and (422) of Federal Law No. (3) of 1987 Issuing 
the Penal Code are hereby repealed.  
3. Part V of Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law is 
hereby repealed.  
3. Any provision contrary to or inconsistent with the provisions of this Decree -Law is 
hereby repealed.   
 
Federal Decree -Law No. (9) of 2016 concerning Bankruptcy  109 
   
Article (230 )  
Bis 
The Cabinet shall issue the resolutions necessary for the implementation of the provisions of 
this Decree -Law, including the modification of any periods set out therein, upon the 
proposal of the Minister.

Article (231 ) 
This Decree -Law shall be published in the Official Gazette and shall come into force three 
months following the date of its publication.  
  
 
Khalifa bin Zayed Al Nahyan  
President of the United Arab Emirates  
 
Issued by us in the Presidential Palace, Abu Dhabi  
On: 18 Dhul Hijjah, 1437 AH.  
Corresponding to: 20 September 2016 AD.