North Africa/Middle East

Results for North Africa/Middle East

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 - 16:37 - 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 - 16:01 - 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 - 15:59 - 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 - 22:21 - 0 comments

Kuwait's Investment Dar Eyes Second Debt-For-Assets Deal By March

Investment Dar, the Kuwaiti firm best-known for its stake in luxury carmaker Aston Martin, hopes to complete a second debt-for-assets deal with creditors by the end of March, it said in a bourse statement on Tuesday, Reuters reported. The sharia-complian ...

Daily Headline - global.abi.org - 12/09/2014 - 22:23 - 0 comments

Vitol-Linked Cockett Marine To Hire Ex-OW Bunker China Team

A Dubai-based venture half-owned by commodities trader Vitol SA has hired more than 10 ex-OW Bunker employees in China, showing how swiftly merchants are filling the vacuum left by the former top marine fuel supplier, China-based traders said on Friday, ...

Daily Headline - global.abi.org - 12/07/2014 - 21:37 - 0 comments

Dubai World Restructuring Set To Adopt Bankruptcy Law

Dubai World, the government-owned conglomerate, is set to use provisions of the emirate’s special bankruptcy law to ensure an orderly process in the restructuring of US$15 billion of debts, The National reported. A meeting of international bank credi ...

Daily Headline - global.abi.org - 12/03/2014 - 22:45 - 0 comments

Israel Plans New Rules For Insolvency To Help Bondholders

Israeli regulators proposed that companies that fail to make bond payments should go into insolvency proceedings after just a month and a half to improve transparency and discourage firms from overextending in the first place, Reuters reported. A panel, ...

Daily Headline - global.abi.org - 11/17/2014 - 20:07 - 0 comments

Dubai's Limitless To Pledge Revenues To Get $1.2 Billion Debt Deal

Dubai's Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2 billion Islamic loan which banking sources said should be completed ahead of a December deadline, Reuters reported. The stat ...

Daily Headline - global.abi.org - 11/09/2014 - 20:09 - 0 comments

Dubai Insists the Boom is Not a Bubble This Time Around

Dubai, one of seven principalities that make up the United Arab Emirates, has only minimal oil reserves. Instead, the city-state has positioned itself as the hinge connecting Asia to the rest of the world, the gateway city for the fast-growing frontier m ...

Daily Headline - global.abi.org - 10/28/2014 - 22:04 - 0 comments

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