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    Guide To Litigation and Arbitration in The UAE 2021 PART 2: Offshore Courts
    2021-07-27

    A&C Legal Guides Guide To Litigation and Arbitration in The UAE 2021 PART 2: Offshore Courts Guide to Litigation and Arbitration in the UAE 2021 www.alsuwaidi.ae 2 Preface This guide has been written as an aid to provide users and potential users of legal services with an overview of the legal processes within the United Arab Emirates (UAE) which may be available in any given situation.

    Filed under:
    United Arab Emirates, Arbitration & ADR, Construction, Insolvency & Restructuring, Litigation, London Court of International Arbitration
    Location:
    United Arab Emirates
    CMS Expert Guide to restructuring and insolvency law
    2020-09-01

    Restructurings, especially those involving multiple jurisdictions, are invariably complex matters. This CMS Expert Guide provides an overview of the various restructuring possibilities available in a large number of countries, allowing you to compare how the options are deployed in these jurisdictions.

    We intend to update it periodically to reflect important changes as they happen.

    If you need more information or have any questions, please do not hesitate to contact us.

    Filed under:
    Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, China, Colombia, Croatia, Czech Republic, European Union, France, Germany, Global, Hungary, Italy, Luxembourg, Netherlands, Peru, Poland, Portugal, Romania, Serbia, Singapore, Slovakia, Slovenia, Spain, Switzerland, Ukraine, United Arab Emirates, United Kingdom, USA, Banking, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Litigation, Public, Brexit, Due diligence, Coronavirus, Court of Justice of the European Union
    Location:
    Angola, Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, China, Colombia, Croatia, Czech Republic, European Union, France, Germany, Global, Hungary, Italy, Kenya, Luxembourg, Netherlands, Peru, Poland, Portugal, Romania, Serbia, Singapore, Slovakia, Slovenia, Spain, Switzerland, Ukraine, United Arab Emirates, United Kingdom, USA
    The Effect of Contractor Insolvency on Construction Projects in the Middle East
    2019-12-06

    Why are bankruptcy laws needed?

    Over the past couple of years, there have been a wave of new insolvency and bankruptcy laws introduced in the GCC. With the exception of Qatar and Kuwait, all other GCC countries have now introduced new bankruptcy laws. As for Oman, its new bankruptcy law is due to come into effect on 1 July 2020.

    Filed under:
    United Arab Emirates, GCC, Construction, Insolvency & Restructuring, Charles Russell Speechlys, General contractor
    Location:
    United Arab Emirates
    Firm:
    Charles Russell Speechlys
    New Ruling on Definition of Maritime Debt by the UAE Union Supreme Court
    2017-10-31

    In follow-up to our March 2017 Law Update article, ‘UAE Court Dismisses Physical Bunker Supplier Claim Against Ship Owner’, this article provides an overview of the subsequent determination of the UAE Union Supreme Court’s judgment (Appeal 655 for the year of 2016 / Commercial) in relation to the bunkering matter.

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Litigation, Shipping & Transport, Al Tamimi & Company
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company
    DIFC Court Judgment Enforced in Australia
    2016-07-25

    In a landmark legal development, a judgment of the DIFC Courts has been recognised and enforced for the first time in a Western jurisdiction.

    The Supreme Court of New South Wales, Australia, issued an order recognising and enforcing the DIFC Courts judgment issued by Justice Sir Richard Field in Legatum Limited v Arif Salim (CFI 027/2014).

    Filed under:
    United Arab Emirates, Company & Commercial, Insolvency & Restructuring, Litigation, Al Tamimi & Company, Dubai International Financial Centre, SCOTUS, DIFC Courts
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company
    Dubai World restructuring – Decree No. 57
    2010-05-01

    On 13 December 2009, the Dubai Government issued Decree No. 57 for 2009, in response to the widely publicized concerns over Dubai World’s debt position. The decree established a tribunal seated within the Dubai International Financial Centre, tasked with hearing and deciding claims against Dubai World, its subsidiaries and any person related to the settlement of the financial obligations of those organizations (Dubai World). The Decree also created an entirely new insolvency law which will be exclusively applicable to Dubai World.

    Why was Decree No. 57 issued?

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Diaz Reus, Injunction, Liquidation, Moratorium, Common law, Capital punishment, Subsidiary, Dubai International Financial Centre, DIFC Courts
    Authors:
    Arti Sangar
    Location:
    United Arab Emirates
    Firm:
    Diaz Reus
    Hadef in the Courts: Hadef & Partners successfully obtained recognition of a foreign bankruptcy judgment by Abu Dhabi Courts
    2021-07-20

    In brief:

    The case we handled relates to:

    • enforcement of a Dutch bankruptcy judgment in the UAE;
    • application of principle of reciprocity; and
    • requirements of competency, justice and public policy.

    Background

    Filed under:
    Netherlands, United Arab Emirates, Insolvency & Restructuring, Litigation, Hadef & Partners
    Location:
    Netherlands, United Arab Emirates
    Firm:
    Hadef & Partners
    How dispute finance can help distressed energy companies around the globe: Focus on Europe and the Middle East
    2020-08-04

    In the last installment of this 3-part series, Oscar van Rossum du Chattel, a Senior Case Intelligence Manager based in Omni Bridgeway’s Geneva office, and Jonathan Siklos, a Senior Case Intelligence Manager bas

    Filed under:
    European Union, Middle East, Oman, Qatar, Saudi Arabia, United Arab Emirates, Energy & Natural Resources, Insolvency & Restructuring, Projects & Procurement, Fracking, Force majeure, Coronavirus, Office of Foreign Assets Control (USA)
    Location:
    European Union, Kuwait, Middle East, Oman, Qatar, Saudi Arabia, United Arab Emirates
    Key Highlights on the UAE Insolvency Law
    2019-11-25

    The UAE Cabinet recently approved Decree-Law No. (19) of 2019 on the Insolvency of Natural Persons concerning natural person’s inability to pay debts due to insolvency and debt default. This new law is aimed at enhancing the competitiveness of the UAE, ease of doing business and at facilitating more favorable conditions for individuals facing financial difficulties and protecting those unable to meet debt obligations from going bankrupt.

    Filed under:
    United Arab Emirates, Insolvency & Restructuring, Alsuwaidi & Company
    Location:
    United Arab Emirates
    Firm:
    Alsuwaidi & Company
    The UAE’s Bankruptcy Regime: An Employment Perspective
    2017-09-29

    The UAE government issued a new bankruptcy law, UAE Federal Decree Law No. 9 of 2016 (“Bankruptcy Law”) which came into force on 29 December 2016.

    The introduction of the Bankruptcy Law is regarded as an important step towards bringing more clarity to the UAE’s insolvency regime. The Bankruptcy Law outlined a more modernized approach to company restructuring and insolvency management.

    Filed under:
    United Arab Emirates, Employment & Labor, Insolvency & Restructuring, Al Tamimi & Company, Bankruptcy, Dubai International Financial Centre
    Location:
    United Arab Emirates
    Firm:
    Al Tamimi & Company

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