On 15 June 2015, the Abu Dhabi Global Market (Global Market), Abu Dhabi’s financial free zone, published the following six new regulations concerning the regulation of non-financial services in the Global Market:
United Arab Emirates, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Real Estate, Latham & Watkins LLP, Financial regulation
On August 28, 2012, the Special Tribunal related to Dubai World (the “Tribunal”) formally approved the restructuring of more than US$2 billion of debt of Drydocks World LLC and Drydocks World – Dubai LLC (together, “Drydocks”) under a syndicated term loan facility and separate hedging agreements, in the first restructuring approved under Dubai Decree No.
United Arab Emirates, Insolvency & Restructuring, Securitization & Structured Finance, Latham & Watkins LLP, DIFC Courts