DCC 493/97
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
General Commercial Law, Financial & Business Offences, Bankruptcy
Copyright
LexisNexis
Decision date
26 Oct 1997
Catchwords
Commercial transactions – Bankruptcy – Union Criminal Code
Bankruptcy by gross negligence is a criminal act provided for in Articles 418 and 419 of the Union Criminal Code which stated exhaustively the instances where a merchant may be condemned to negligent bankruptcy.