Saudi Arabia's bankruptcy framework has undergone significant modernization in recent years, drawing heavily from the US Bankruptcy Code while incorporating unique features tailored to the Kingdom's regulatory and business...more
6/23/2025
/ Bankruptcy Code ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
Liquidation ,
Restructuring ,
Saudi Arabia ,
Trustees ,
United States
The launch of the Kingdom of Saudi Arabia’s (the Kingdom) Vision 2030 Program preceded the announcement of numerous ground-breaking Mega and Giga-projects throughout the country. Eight years on, recent MEED data estimates...more
8/8/2024
/ Capital Raising ,
Contractors ,
Fossil Fuel ,
Investment ,
Leaseback ,
Leases ,
Property Tax ,
Real Estate Market ,
Revenue ,
Sales ,
Saudi Arabia
The recent detention of a restructuring professional in the United Arab Emirates serves as a stark reminder that directors and officers of insolvent or distressed companies can face personal liability for their actions or...more
1/31/2024
/ Bankruptcy Court ,
Books & Records ,
Chapter 13 ,
Civil Liability ,
Corporate Counsel ,
Corporate Restructuring ,
Criminal Liability ,
Insolvency ,
Limited Liability Company (LLC) ,
Liquidation ,
Saudi Arabia ,
United Arab Emirates (UAE)
The annual IFN UK Forum 2023 was held in London in September 2023 and, once again, was a well-attended event, giving attendees a chance to connect and reconnect with colleagues, clients and friends alike from all over the...more
9/27/2023
/ Bankers ,
Commercial Real Estate Market ,
Financial Institutions ,
Financial Services Industry ,
Foreign Direct Investment ,
Gulf Cooperation Council (GCC) ,
Intermediaries ,
Investors ,
Non-Bank Lenders ,
Popular ,
Real Estate Market ,
Retail Market ,
Saudi Arabia ,
Sustainable Finance ,
UK ,
United Arab Emirates (UAE)
An otherwise viable business experiencing a cash flow crisis may seek relief under Chapter Four of the Kingdom of Saudi Arabia (“KSA”) Bankruptcy Law (“Bankruptcy Law”), a flexible statute that helps facilitate the financial...more
Following our inaugural Real Estate of Mind round up (see here) of trends in the sector earlier this year, as 2022 draws to a close, we have set off on the road once again to connect with clients and friends alike in Bahrain,...more
10/26/2022
/ Bahrain ,
Borrowers ,
FIRRMA ,
Global Market ,
Investment ,
Investors ,
Kuwait ,
Lenders ,
Real Estate Market ,
Saudi Arabia ,
UK ,
United Arab Emirates (UAE)
The foremost duty of a bankruptcy trustee is to maximize the value of the debtor’s assets for the benefit of its stakeholders. Numerous provisions of Saudi Arabia’s current bankruptcy law (the “Bankruptcy Law”) underscore the...more
Party A (contractor) entered into a construction contract (the EPC Contract) with Party B (employer).
Party B made an advance payment under the EPC Contract and Party A procured an Advance Payment Bond (the Bond) from a...more