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New UAE Bankruptcy Law - Key Features You Need to Know

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.

United Arab Emirates, Insolvency & Restructuring, Akin Gump Strauss Hauer & Feld LLP
Government consults on significant extension to UK’s pensions notifiable events framework for corporates

The government is planning to make significant changes to the UK’s pensions notifiable events regime. The changes are designed to ensure the Pensions Regulator is given advanced notice of material corporate transactions and financing arrangements which may impact a defined benefit (DB) pension scheme.

United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Herbert Smith Freehills LLP, Private equity
Corporate sponsors put on notice as Government confirms plans to strengthen the Pensions Regulator's powers

On Monday, in its response to the consultation on protecting DB pension schemes and strengthening the Pensions Regulator, the Government confirmed its plans to:

United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Herbert Smith Freehills LLP, Corporate governance, Board of directors, The Pensions Regulator (UK), City Code on Takeovers and Mergers