In the wake of the high profile collapse of the private equity firm Abraaj Capital, the Dubai International Financial Centre (“DIFC”) updated its insolvency regime with the introduction on June 13, 2019 of the new DIFC...more
5/2/2020
/ Chapter 11 ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Creditors ,
Cross-Border Transactions ,
Debtors ,
Debtors-in-Possession ,
DIFC ,
Financial Distress ,
Insolvency ,
Moratorium ,
Popular ,
Relief Measures ,
State of Emergency ,
UNCITRAL ,
United Arab Emirates (UAE)
With the significant strain placed on market participants as a result of the combined impacts of the global COVID-19 pandemic, the oil price war and the ensuing liquidity and credit crunches, we expect that a number of...more
4/9/2020
/ Bankruptcy Reform ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Directors ,
Insolvency ,
Personal Liability ,
Relief Measures ,
United Arab Emirates (UAE)