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    Notable Changes to Insolvency Legislation in the GCC
    2021-04-15

    The interesting times of the last 14 months were preceded by the interesting times of the financial crisis of 2008/2009. The reverberations of that financial crisis had a profound effect upon governments’ presumptions as to the financial stability of economies generally but also the financial stability of sectors such as financial services.

    Filed under:
    Bahrain, Saudi Arabia, United Arab Emirates, United Kingdom, Insolvency & Restructuring, Litigation, Charles Russell Speechlys, Coronavirus
    Authors:
    Patrick Gearon , William Reichert
    Location:
    Bahrain, Saudi Arabia, United Arab Emirates, United Kingdom
    Firm:
    Charles Russell Speechlys
    Recent Restructuring Developments in the Gulf Region
    2020-12-15

    Patrick Gearon and Roger Elford, Charles Russell Speechlys

    This is an extract from the 2020 edition of GRR's the Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    Bahrain, Saudi Arabia, United Arab Emirates, DIFC, GCC, Insolvency & Restructuring, Global Restructuring Review, Coronavirus
    Location:
    Bahrain, Saudi Arabia, United Arab Emirates
    Firm:
    Global Restructuring Review
    Bahrain Introduces New Insolvency Regime
    2019-02-28

    In line with Bahrain’s Economic Vision 2030, the Kingdom of Bahrain recently introduced Law No. (22) of 2018 promulgating the Restructuring and Insolvency Law (‘New Law’), as a step towards strengthening the legal framework and business ecosystem in Bahrain. The New Law is expected to boost transparency and efficiency in the insolvency process and improve the ease of doing business in Bahrain.

    Published on 30 May 2018, and coming into force on 30 November 2018, the New Law repeals the old Bankruptcy and Composition Law (Law No. (11) of 1987).

    Filed under:
    Bahrain, Insolvency & Restructuring, Litigation, Al Tamimi & Company
    Authors:
    Foutoun Hajjar
    Location:
    Bahrain
    Firm:
    Al Tamimi & Company
    GCC Quarterly Review - Q3 2018
    2018-10-03

    The GCC Quarterly Review briefly summarises a selection of the major developments in the laws of the Gulf Cooperation Council (GCC) region (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) in the third quarter of 2018, with links to further reading, where available.

    Filed under:
    Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Banking, Capital Markets, Insolvency & Restructuring, IT & Data Protection, Legal Tech, Litigation, Linklaters LLP, Blockchain, Financial Stability Board, Gulf Cooperation Council, Dubai International Financial Centre
    Location:
    Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
    Firm:
    Linklaters LLP
    New Bankruptcy Law In Bahrain
    2019-02-14

    On 30 May 2018, Law No. 22 of 2018 with respect to the Reorganization and Bankruptcy Law (the Bankruptcy Law) was introduced in the Kingdom of Bahrain (Bahrain), repealing Legislative Decree No. 11 of 1987 with respect to the Bankruptcy and Composition Law (the Old Law). The Bankruptcy Law recently came into force on 7 December 2018 and represents a modern and extensive reformulation of the bankruptcy regime in Bahrain.

    Application to debtors

    Filed under:
    Bahrain, Insolvency & Restructuring, DLA Piper
    Authors:
    Mohamed Toorani , James Iremonger
    Location:
    Bahrain
    Firm:
    DLA Piper
    Notable Changes to Insolvency Legislation in the GCC
    2021-04-15

    The interesting times of the last 14 months were preceded by the interesting times of the financial crisis of 2008/2009. The reverberations of that financial crisis had a profound effect upon governments’ presumptions as to the financial stability of economies generally but also the financial stability of sectors such as financial services.

    Filed under:
    Bahrain, Saudi Arabia, United Arab Emirates, United Kingdom, Insolvency & Restructuring, Litigation, Charles Russell Speechlys, Coronavirus
    Location:
    Bahrain, Saudi Arabia, United Arab Emirates, United Kingdom
    Firm:
    Charles Russell Speechlys
    Recent Restructuring Developments in the Gulf Region
    2020-12-15

    Patrick Gearon and Roger Elford, Charles Russell Speechlys

    This is an extract from the 2020 edition of GRR's the Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

    In summary

    Filed under:
    Bahrain, Saudi Arabia, United Arab Emirates, DIFC, Insolvency & Restructuring, Global Restructuring Review, Coronavirus
    Location:
    Bahrain, Saudi Arabia, United Arab Emirates
    Firm:
    Global Restructuring Review
    GCC Quarterly Review - Q3 2018
    2018-10-03

    The GCC Quarterly Review briefly summarises a selection of the major developments in the laws of the Gulf Cooperation Council (GCC) region (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) in the third quarter of 2018, with links to further reading, where available.

    Filed under:
    Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Banking, Capital Markets, Insolvency & Restructuring, IT & Data Protection, Litigation, Blockchain, Financial Stability Board, Gulf Cooperation Council, Dubai International Financial Centre
    Location:
    Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
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