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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
Ontario Court of Appeal confirms bondholders not entitled to post-petition interest

The Ontario Court of Appeal (Court) recently affirmed the decision of the Ontario Superior Court of Justice in Nortel Networks Corporation (Re) (Nortel),[1] that the “interest stops” rule applies in proceedings unde

Canada, Ontario, Insolvency & Restructuring, Litigation, Dentons, Bond (finance), Interest, Court of Appeal for Ontario
Secured lenders take note: supreme court releases <i>indalex</i> decision

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Supreme Court decision
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Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Heenan Blaikie LLP, Debtor, Fiduciary, Beneficiary, Defined benefit pension plan, Supreme Court of Canada
Pension plan members lose out in Supreme Court Indalex ruling

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Supreme Court decision
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Canada, Employment & Labor, Insolvency & Restructuring, Litigation, Heenan Blaikie LLP, Conflict of interest, Debtor, Fiduciary, Defined benefit pension plan, Supreme Court of Canada
Supreme Court balances insolvency and environmental protection regimes

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Dissenting decisions
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Canada, Environment & Climate Change, Insolvency & Restructuring, Litigation, Heenan Blaikie LLP, Environmental remediation, Supreme Court of Canada