There's been a flurry of regulatory activity in the UK and Europe over the past few weeks. Here's a look at the highlights.
European Union, United Kingdom, Banking, Capital Markets, Company & Commercial, Environment & Climate Change, Insolvency & Restructuring, Insurance, Cadwalader Wickersham & Taft LLP, Libor, ESG, Financial Conduct Authority (UK), International Organization of Securities Commissions, Solvency II Directive (2009/138/EU)
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.