British universities facing financial challenges and shifting enrollment patterns are considering restructuring plans in light of potential insolvencies.
United Kingdom, Insolvency & Restructuring, Public, Greenberg Traurig LLP, Universities and research institutions
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.