European leveraged finance markets back on track -European leveraged finance markets rallied strongly in 2024, with momentum for new deals and opportunities for borrowers and lenders alike in 2025 -
Europe's leveraged...more
2/6/2025
/ Borrowers ,
Capital Markets ,
EU ,
Financial Institutions ,
Financial Markets ,
Financing ,
High-Yield Markets ,
Investment ,
Investors ,
Lenders ,
Leveraged Finance ,
Loans ,
Private Equity ,
Private Funds
As creditors continue to look across the global market for strategic opportunities, the United Arab Emirates (the "UAE") is primed to emerge as a relatively untapped well of potential for private credit providers....more
European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the “new normal”, rate and price stability offer hope for a brighter 2024.
-Rising interest...more
1/30/2024
/ Acquisitions ,
Banking Sector ,
Buyouts ,
Debt ,
Debt Market ,
EU ,
Financial Institutions ,
Interest Rates ,
Investment ,
Leveraged Finance ,
Loans ,
Mergers ,
Private Equity ,
Refinancing
The phase out of the London Interbank Offered Rate ("LIBOR") continues apace and we are now approaching the finish line for transition away from LIBOR to reference free rates ("RFRs"). On June 30, 2023 USD LIBOR will no...more
Amongst a backdrop of rising inflation and interest rates, the past two years have seen an exponential rise in the activity of private credit funds within the United Arab Emirates and the broader Middle East....more
For African economies living on the edge, can the Middle East provide the much-needed boost to the under-serviced Muslim population in Africa?
...more
12/15/2022
/ Africa ,
China ,
Debt ,
Financial Markets ,
Funding ,
GDP ,
Gulf Cooperation Council (GCC) ,
Investment ,
Investors ,
Middle East ,
Popular ,
United Arab Emirates (UAE)
Islamic finance providers have been slow to make the transition away from LIBOR, as the replacement benchmark rates pose challenges in the context of Sharia compliance -
The phase-out of the London Inter-Bank Offered Rate...more
On 1 November 2021, the Federal Decree Law No. 35 of 2021 (the "Decree") (amending certain provisions of the Federal Decree Law No.9 of 2016 concerning Bankruptcy (the "UAE Bankruptcy Law")) came into force. The publication...more
On 20 September 2021, Decree No. 34 of 2021 concerning the Dubai International Arbitration Centre ("DIAC") (the "Decree") came into force. The Decree brings significant changes to Dubai's arbitration landscape bringing the...more
Lifting pandemic restrictions, coupled with successful vaccination rollouts in the Gulf and an improving economic outlook, supported a rebound in loan and bond activity in the Middle East in the first half of 2021
Things...more
The Kingdom of Saudi Arabia overhauled its corporate insolvency framework in 2018 with the introduction of a new bankruptcy law. In this client alert we examine the new Bankruptcy law in detail.
Executive Summary -...more
Whilst COVID-19 continues to disrupt finance markets across EMEA, the United Arab Emirates ("UAE") has nevertheless seen a continued interest in the development of its burgeoning finance market, with M&A activity remaining...more
At a time of vast capital outflows (withdrawals from emerging markets in the period 21 January – 24 March were reported by the Institute of International Finance at $83 billion), commodity price falls and wider global market...more