The U.A.E and Republic of South Korea have not entered into a bi-lateral treaty under which they are obliged to recognise each other's court orders or judgments. The U.A.E rarely recognises/enforces the judgment of foreign courts where there is no such treaty in place
South Korea, United Arab Emirates, Insolvency & Restructuring, Litigation, Shipping & Transport, Clyde & Co LLP
The Western Cape High Court[1] has recently passed judgment in a decision which reiterates the bounds of the duties of directors of holding companies to subsidiary companies. Even though the case involved a damages claim against the liquidators of the holding company (in liquidation), the principle applies equally to directors.
South Africa, Company & Commercial, Insolvency & Restructuring, Litigation, Clyde & Co LLP, Shareholder, Board of directors, Holding company, Subsidiary