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, repealing the prior federal law on bankruptcy (Federal Law No. 9 of 2016, the Prior Law) and significantly developing the bankruptcy regime in the UAE.
Shlosberg v Avonwick Holdings Ltd & Ors [2016] EWHC 1001
Law firm Dechert LLP has been ordered to cease acting for the principal creditor of bankrupt Russian businessman, Mr Shlosberg, because it also acted for the trustees in bankruptcy, and accordingly had had access to documents subject to Mr Shlosberg's legal professional privilege.
Facts
United Kingdom, Insolvency & Restructuring, Legal Practice, Litigation, DAC Beachcroft, Confidentiality, Bankruptcy, Waiver, Discovery, Solicitor, Liquidation, Conspiracy (criminal), Vesting, Legal professional privilege, European Convention on Human Rights, Insolvency Act 1986 (UK), Trustee, High Court of Justice (England & Wales)