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On Creditors’ Committees: Don’t Forget to Change Your Hat when Sitting as a Committee Member

Michael Traison Chicago/NYC – 312.860.4230

Michael Kwiatkowski Garden City – 516.296.9144

USA, Insolvency & Restructuring, Litigation, Cullen and Dykman LLP, US Department of Justice
Don’t Miss the Bar Date! The Importance of Timely Filing Bankruptcy Proofs of Claim

When a debtor files bankruptcy, bankruptcy attorneys and creditors are well aware of the importance of assessing the need for creditors to file proofs of claim and making sure that proofs of claim are timely filed.

USA, Insolvency & Restructuring, Litigation, Cullen and Dykman LLP
Revisiting the DIFC Insolvency Law in the Context of the COVID-19 Crisis: An Innovative Toolkit for the Turnaround of Troubled Enterprises

In the wake of the high profile collapse of the private equity firm Abraaj Capital, the Dubai International Financial Centre (“DIFC”) updated its insolvency regime with the introduction on June 13, 2019 of the new DIFC Insolvency Law (Law No.1 of 2019) (the “DIFC Insolvency Law”).

United Arab Emirates, Insolvency & Restructuring, Dechert LLP, Private equity, Coronavirus
The UAE Bankruptcy Law: Stepping up to the challenges raised by the COVID-19 crisis

With the significant strain placed on market participants as a result of the combined impacts of the global COVID-19 pandemic, the oil price war and the ensuing liquidity and credit crunches, we expect that a number of enterprises in the United Arab Emirates ("UAE") will either be forced to carry out restructurings or otherwise undergo formal court-supervised insolvency processes.

United Arab Emirates, Insolvency & Restructuring, Dechert LLP, Private equity, Coronavirus