What is the legal consequence for willful refusal to execute decisions issued by the Bankruptcy Court?
Willful abstention from executing a decision issued by the Bankruptcy Court, as per the Federal Decree-Law of 2023, specifically the Financial and Bankruptcy Law 168, with regards to submitting data, information, documents, or giving testimony, can result in imprisonment for a maximum of one year and/or a fine not exceeding AED 200,000 (two hundred thousand UAE dirhams).