This is our third client briefing in our “Evolving Face of Finance” series which considers private credit’s emergence in the real estate sector in the Middle East and which follows on from our previous client briefing on...more
The Gulf Cooperation Council region (the GCC) is becoming an ever-more important destination for the global private credit market. In this client briefing we explore the region’s rising prominence as a key destination for...more
4/16/2025
/ Capital Markets ,
Creditors ,
Debt ,
Financial Markets ,
Financial Services Industry ,
Gulf Cooperation Council (GCC) ,
Investment Funds ,
Lenders ,
Liquidity ,
Loans ,
Middle East ,
Private Equity ,
United Arab Emirates (UAE)
On 31 October 2023, Federal Law Decree No. (51) concerning Financial Restructuring and Bankruptcy (the New Law) was published in the UAE Federal Gazette. The New Law comes into force on 1 May 2024 and will repeal the 2016 Law...more
2/29/2024
/ Automatic Stay ,
Bankruptcy Court ,
Bankruptcy Trustees ,
Commercial Bankruptcy ,
Creditors ,
Debtors ,
Liquidation ,
Moratorium ,
New Legislation ,
Restructuring ,
United Arab Emirates (UAE)
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)
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)
Dubai Court Finds Directors and Managers Personally Liable for Over AED 448 Million in Company Debts -
INTRODUCTION -
For a manager, officer or director of a distressed company, it is tempting to indulge in what one...more
NMC Health plc (NMC Health) made news around the globe in December 2019 when it was the subject of a Muddy Waters report which alleged various bad acts had been carried out by the company. NMC Health was subsequently placed...more
10/15/2020
/ Abu Dhabi Global Markets (ADGM) ,
Coronavirus/COVID-19 ,
Fraud ,
Health Care Providers ,
Healthcare Fraud ,
Insolvency ,
Liquidation ,
London Stock Exchange ,
Popular ,
Receivership ,
UK ,
United Arab Emirates (UAE)
Recently, Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, announced the launch of a new regulatory framework (the Framework) for operators of Private Financing Platforms (PFPs). PFPs will...more
On 20 September 2016, the new Bankruptcy Law (the Law) for the UAE was enacted. The Law was gazetted on 29 September 2016 and comes into effect on 31 December 2016. The Law will be supplemented by procedural regulations to be...more