North Africa/Middle East
Results for North Africa/Middle East
- Secured Creditors Of Espirito Santo Dubai Unit To Get 82.7 Percent Payout
Liquidators for ES Bankers (Dubai) Ltd (ESBD) have estimated they will pay out 82.7 percent of the $93.5 million owed to depositors in the stricken bank, advisory firm Deloitte said on its website, Reuters reported. However, unsecured creditors of the Du ...
Daily Headline - global.abi.org - 03/23/2015 - 20:36 - 0 comments
- UAE Insolvency Law Closer To Reality
At the start of a new year, the UAE’s lawyers, bankers, small business owners and, indeed, government officials, are still waiting for the country’s new insolvency bus – sorry, law –to arrive. But the signs are that after many years of standing at the bu ...
Daily Headline - global.abi.org - 01/28/2015 - 22:37 - 0 comments
- UAE Insolvency Law: Priority For Business Growth
Towards the end of last year, it was announced that the UAE’s long anticipated reform of the insolvency reform bill was reaching its final stages prior to implementation, Emirates 24/7 reported. The legal framework was drawn up following the establishmen ...
Daily Headline - global.abi.org - 01/25/2015 - 22:36 - 0 comments
- Dubai's Limitless Nears Creditor Assent For Debt Extension
Dubai government-owned property developer Limitless has secured the agreement of 85 percent of its creditors for a three-month extension to a debt repayment due at the end of 2014 and for a proposed restructuring plan, its chairman said, Reuters reported ...
Daily Headline - global.abi.org - 01/21/2015 - 23:32 - 0 comments
- Dubai World Gets Majority Creditor Backing For $14.6 Billion Debt Deal
State-owned conglomerate Dubai World edged closer to a second major restructuring in four years on Monday after announcing it had reached agreement with a "substantial majority" of creditors to back its $14.6 billion debt deal, Reuters reported ...
Daily Headline - global.abi.org - 01/13/2015 - 01:40 - 0 comments
- Dubai's Limitless Asks For More Time After Missing Debt Deal Deadline
Limitless, a Dubai government-related real estate developer, has asked for a three-month extension to talks with creditors after failing to secure a new restructuring deal on its $1.2 billion debt pile, four banking sources told Reuters on Thursday. The ...
Daily Headline - global.abi.org - 01/08/2015 - 23:34 - 0 comments
- INVITATION: Implications for Country-by-Country Reporting-a practical guide for Financial Services
Progress under the G20 and OECD Action 13 in regards to the Action Plan to tackle base erosion and profit shifting (‘BEPS’) continues at pace. Transfer Pricing Documentation and Country-by-Country Reporting (CbyCR) may soon impact every multi-national in ...
Resource Article - abi_admin - 12/11/2014 - 17:37 - 0 comments - 0 attachments
- Restructuring in Croatia - Hard Choices for Lenders
by DLA Piper - Jasna Zwitter-Tehovnik, Partner and Joze Vranicar, Associate During the 1990s and up to the beginning of the recent financial crisis, the economies of Central and Eastern European countries experienced rapid growth. The privatisati ...
Resource Article - abi_admin - 12/11/2014 - 17:01 - 0 comments - 0 attachments
- Proposed Amendments to the EC Insolvency Regulation - Progress Update
by DLA Piper - Michelle Ni Ghaboid, Senior Associate In the Q1 2014 edition of Global Insight, we discussed the progress already made in respect of the Proposed Amendments to the EC Insolvency Regulation as of April 2014. The European Parliament ...
Resource Article - abi_admin - 12/11/2014 - 16:59 - 0 comments - 0 attachments
- Kuwait Finalising GCC's First Insolvency Law
Kuwait is finalising what will be the Gulf's first insolvency legislation designed to help failed businesses recover from financial difficulties rather than be shutdown, leaving creditors out of pocket, ArabianBusiness.com reported. The draft law wo ...
Daily Headline - global.abi.org - 12/09/2014 - 23:21 - 0 comments