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Middle East & Africa
Insolvency
Egypt
Andersen in Egypt
Business bankruptcy is a complex yet sometimes essential aspect of corporate finance in Egypt.
Nigeria
PUNUKA Attorneys & Solicitors
With the enactment of the Companies and Allied Matters Act 2020 ("Act"/"CAMA"), Nigeria seeks to identify as a debtor friendly jurisdiction.
The Trusted Advisors
Companies, no doubt play a pivotal role in the economic growth of nations, however at some point during the existence of a company, it is possible that such a company is unable to settle its debts...
The Trusted Advisors
Corporate restructuring may be described as the process of rearranging a company's finances, operations, and management to improve its efficiency, effectiveness, and productivity.
The Trusted Advisors
This article aims to study and analyze bankruptcy and insolvency under Nigerian legislation as well as compare both of them in terms of definition and conditions...
South Africa
ENS
In one of the first reportable judgments of 2024, SAA v NUMSA & SACCA, the Labour Court has sent a strong message to Unions which litigate in the Commission for Conciliation, Mediation...
ENS
This brief snapshot of different insolvency-related topics highlights trending issues that our experts have observed and follow closely as they may have an impact on the insolvency realm within Africa.
ENS
In the case of Bester N.O & Others v Mirror Trading International Proprietary Limited (in liquidation) t/a MTI, the Western Cape Division of the High Court considered whether cryptocurrencies...
ENS
In NSP Unsgaard (Pty) Ltd v Master of the High Court, Cape Town and Another, the applicant, NSP Unsgaard (Pty) Ltd sought to review and set aside a decision of the first respondent...
Barnard Inc.
Regiments participation in an "unbundling" transaction in respect of share ins CAPITEC Bank was halted.
United Arab Emirates
Akin Gump Strauss Hauer & Feld LLP
On 31 October 2023, Federal Law No. 51 of 2023 Promulgating the Financial and Bankruptcy Law (the Bankruptcy Law) was published in the United Arab Emirates (UAE) Official Gazette...
Al Tamimi & Company
On 31 October 2023, Federal Law Decree No. (51) of 2023 concerning Financial Restructuring and Bankruptcy (referred to as "New Law") was published in the UAE Federal Gazette.
Hamdan AlShamsi Lawyers & Legal Consultants
On 02/10/2023, law number 51 of 2023 was issued regarding financial restructuring and bankruptcy, to be implemented six months after its publication in the official gazette, taking effect in March 2024.
BSA Ahmad Bin Hezeem & Associates LLP
Senior associate, Bassel Boutros, recently spoke to Arabian Business about the new UAE Bankruptcy Law, providing further details on the major changes set to take effect in May 2024.
Crowe
The Dubai International Financial Centre (the 'DIFC') is a federal financial free zone which has been granted authority to self-legislate in civil and commercial areas.
Awatif Mohammad Shoqi Advocates & Legal Consultancy
In any dynamic economy, financial challenges can arise, leading individuals and businesses to face insolvency.
BSA Ahmad Bin Hezeem & Associates LLP
A new Federal Decree-Law No. 51/2023 on issuing Financial Reorganization and Bankruptcy Law has been published in the official Gazette on 31st of October 2023...
Awatif Mohammad Shoqi Advocates & Legal Consultancy
In Dubai civil cases, if someone proves they cannot pay what the court ordered, they will normally avoid facing an arrest warrant, the emirate's highest judicial body has said.
Zimbabwe
Zenas Chambers, ChimwaMurombe Legal Practice
In the corporate world, businesses often face financial challenges that require strategic measures to restore stability and ensure long-term sustainability.
PUNUKA Attorneys & Solicitors
This webinar offers practical guidance on navigating insolvency litigation, focusing on claims against directors and officers.
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