The rising strength of the United Arab Emirates as a commercial powerhouse has continued as the Covid-19 pandemic recedes. The UAE was a key business hub prior to 2020, but the flow of money and talent into the country has increased since then, driven by numerous factors including the UAE’s business-friendly climate, its stable political regime, and the access to fair and transparent justice mechanisms.
United Arab Emirates, Arbitration & ADR, Insolvency & Restructuring, Charles Russell Speechlys, Private equity, Cryptocurrency, Coronavirus, Metaverse, UNCITRAL, London Court of International Arbitration
The judgment in the much-publicised case of Akhmedovav Akhmedov & Ors[i] in April 2021 is a telling example of where the English Courts have exercised wide-reaching statutory powers to set aside or vary dispositions on trust with extra-territorial effect, notwithstanding the assets are held by offshore trustees, outside the Court’s j
United Kingdom, Family, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Charles Russell Speechlys