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)
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