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Practice Direction No. 3 of 2011 Insolvency — (Advertisement Requirements in Insolvency Proceedings)

Practice Direction No. 3 of 2011 Insolvency — (Advertisement Requirements in Insolvency Proceedings)

September 4, 2011

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THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

PRACTICE DIRECTION NO. 3 OF 2011

Advertisement Requirements in Insolvency Proceedings

Citation

This Practice Direction will come into effect on the date of issue. It may be cited as Practice Direction 3 of 2011 — Insolvency (Advertisement Requirements in Insolvency Proceedings) and may be abbreviated to PD 3/2011.

1. This Practice Direction should be read in conjunction with DIFC Insolvency Law (Law No. 3 of 2009); the DIFC Insolvency Regulations (in particular Regulation 5.3); and Part 54 of The Rules of the DIFC Courts.
2. For satisfying Rules 54.61, 54.91(2) and 54.103 of the Rules of the DIFC Courts, the advertisement is to be published:

(1) Once in English in any of the following newspapers: English:

(a) Gulf News
(b) Khaleej Times
(c) The National

And;

(2) Once in Arabic in any of the following newspapers: Arabic:

(a) Al Bayan
(b) Al Khaleej
(c) Al Ittihad

Michael Hwang

Chief Justice of the DIFC Courts
Dated: 4 September 2011

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