LATEST ARTICLES
Egypt
Andersen in Egypt
Business bankruptcy is a complex yet sometimes essential aspect of corporate finance in Egypt.
Ghana
Veritas International Nominees
In this short article, we will discuss the appointment of an administrator under the Corporate Insolvency and Restructuring.
Veritas International Nominees
The absence of an effective legal mechanism at par with the current and dynamic trends of business, particularly in the area of corporate insolvency fueled a lot of hostility towards the growth of
Mauritius
Appleby
In a world of business, unforeseen circumstances can often arise that lead a company to financial distress or near insolvency.
Appleby
The bankruptcy division of Mauritian Supreme Court re-affirms the test to determine the existence of a substantial and genuine dispute when setting aside a statutory demand. In this article...
Appleby
With the increasing prominence of cryptocurrency trading platforms in regulatory-friendly jurisdictions, that has brought the spotlight on Seychelles..
Appleby
The Court of Civil Appeal (CCA) delivered an interesting judgment on the adequacy of affidavit evidence when making a bankruptcy order. The CCA, acting solely on the basis of affidavit evidence...
Nigeria
The Trusted Advisors
Nigeria is notably a jurisdiction which favours creditors, particularly in the context of debts held by the Asset Management Corporation of Nigeria (AMCON), which oversees...
PUNUKA Attorneys & Solicitors
With the enactment of the Companies and Allied Matters Act 2020 ("Act"/"CAMA"), Nigeria seeks to identify as a debtor friendly jurisdiction.
The Trusted Advisors
Companies, no doubt play a pivotal role in the economic growth of nations, however at some point during the existence of a company, it is possible that such a company is unable to settle its debts...
The Trusted Advisors
Corporate restructuring may be described as the process of rearranging a company's finances, operations, and management to improve its efficiency, effectiveness, and productivity.
Saudi Arabia
Ankura Consulting Group LLC
A restructuring transaction can be an extensive and complex journey for organisations facing financial challenges.
South Africa
ENS
In one of the first reportable judgments of 2024, SAA v NUMSA & SACCA, the Labour Court has sent a strong message to Unions which litigate in the Commission for Conciliation, Mediation...
United Arab Emirates
Akin Gump Strauss Hauer & Feld LLP
On 31 October 2023, Federal Law No. 51 of 2023 Promulgating the Financial and Bankruptcy Law (the Bankruptcy Law) was published in the United Arab Emirates (UAE) Official Gazette...
Al Tamimi & Company
On 31 October 2023, Federal Law Decree No. (51) of 2023 concerning Financial Restructuring and Bankruptcy (referred to as "New Law") was published in the UAE Federal Gazette.
Hamdan AlShamsi Lawyers & Legal Consultants
On 02/10/2023, law number 51 of 2023 was issued regarding financial restructuring and bankruptcy, to be implemented six months after its publication in the official gazette, taking effect in March 2024.
BSA Ahmad Bin Hezeem & Associates LLP
Senior associate, Bassel Boutros, recently spoke to Arabian Business about the new UAE Bankruptcy Law, providing further details on the major changes set to take effect in May 2024.
Crowe
The Dubai International Financial Centre (the 'DIFC') is a federal financial free zone which has been granted authority to self-legislate in civil and commercial areas.
Awatif Mohammad Shoqi Advocates & Legal Consultancy
In any dynamic economy, financial challenges can arise, leading individuals and businesses to face insolvency.
BSA Ahmad Bin Hezeem & Associates LLP
A new Federal Decree-Law No. 51/2023 on issuing Financial Reorganization and Bankruptcy Law has been published in the official Gazette on 31st of October 2023...
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