In the wake of the high profile collapse of the private equity firm Abraaj Capital, the Dubai International Financial Centre (“DIFC”) updated its insolvency regime with the introduction on June 13, 2019 of the new DIFC...more
5/2/2020
/ Chapter 11 ,
Coronavirus/COVID-19 ,
Corporate Restructuring ,
Creditors ,
Cross-Border Transactions ,
Debtors ,
Debtors-in-Possession ,
DIFC ,
Financial Distress ,
Insolvency ,
Moratorium ,
Popular ,
Relief Measures ,
State of Emergency ,
UNCITRAL ,
United Arab Emirates (UAE)
On October 31, 2019, the Dubai International Financial Centre (“DIFC”) issued, under the DIFC Companies Law (Law No.5 of 2018) (the “Companies Law”), the Prescribed Company Regulations (the “Regulations”). The main objective...more
The introduction of a new regime for the establishment of so called ‘intermediate special purpose vehicles’ (“Intermediate SPVs”) in the DIFC was approved by the Dubai International Financial Centre (“DIFC”) Authority on 19...more