The United Arab Emirates’ cabinet adopted a final version of the federal bankruptcy law. The law “aims to enhance foreign investment and ease the work of commercial companies,” Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s prime minister and Dubai’s ruler, said on Twitter on Sunday. The post included no details of the new law. The law is expected to be modeled on Chapter 11 proceedings in the U.S., The National newspaper reported last September, citing the Abu Dhabi Council for Economic Development. The U.S. system allows companies to renegotiate the terms of their debts with creditors. (Bloomberg)