DIFC Courts refuse to recognise proceedings under onshore UAE Bankruptcy Law

Salem Mohammed Ballama Altamimi & ors v Emirates NBD Bank PJSC, HSBC Bank Middle East Limited, ICICI Bank UK Plc and others [2021] DIFC CFI 085 [1]

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP
Authors:
Shane Jury , Emma Tormey
Location:
United Kingdom
Firm:
Addleshaw Goddard LLP
Timely amendments to UAE Bankruptcy Law introduced to cover emergency situations

Background

On 24 October 2020, the UAE Cabinet announced its decision to amend Federal Law No. 9 of 2016 (the "Bankruptcy Law") by adding certain provisions to allow for business continuity during emergency situations, including pandemics and natural disasters. This is a timely amendment to the Bankruptcy Law and has been introduced in response to the COVID-19 global pandemic.

Filed under:
United Arab Emirates, Insolvency & Restructuring, Herbert Smith Freehills LLP, Coronavirus
Authors:
Stuart Paterson , Emma Tormey , Debbie Standring
Location:
United Arab Emirates
Firm:
Herbert Smith Freehills LLP
Is an industry shake up inevitable following the WA Government’s Response to the Report on construction contracts?

In brief

Filed under:
Australia, Western Australia, Construction, Insolvency & Restructuring, Projects & Procurement, Herbert Smith Freehills LLP
Authors:
Dan Dragovic , Emma Tormey
Location:
Australia
Firm:
Herbert Smith Freehills LLP
Is an industry shake up inevitable following the WA Government’s Response to the Report on construction contracts?

In brief

Filed under:
Australia, Western Australia, Construction, Insolvency & Restructuring, Projects & Procurement, Herbert Smith Freehills LLP
Authors:
Emma Tormey
Location:
Australia
Firm:
Herbert Smith Freehills LLP