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Middle East & Africa
Insolvency
Israel
Yigal Arnon & Co
This update is intended to provide practical tools for directors and corporate executives regarding conduct in situations that are close to insolvency.
Yigal Arnon & Co
Inbar Hakimian-Nahari of Yigal Arnon & Co explains how Israel's new law provides clarity and makes it easier for foreign companies and investors operating in the country
Mauritius
Appleby
In Mauritius, there are two main sources of law regarding cross border insolvency, pursuant to which the Mauritius court may recognise and give assistance to a foreign insolvency proceeding
Nigeria
S.P.A. Ajibade & Co.
RECOMMENDATIONS FOR ADDRESSING IDENTIFIED ISSUE(S) IN INSOLVENCY OF AN OIL AND GAS ASSET HOLDER IN THE NIGERIAN PETROLEUM INDUSTRY
S.P.A. Ajibade & Co.
In this part of the paper, the focus is on a comparative review of the laws and practice of other petroleum producing jurisdictions similar to Nigeria in terms of ownership structure, resources sharing methods, ...
S.P.A. Ajibade & Co.
Where an interest holder becomes insolvent, the Minister of Petroleum Resources generally does not have the power to terminate the licence or lease except where the insolvency has led to a breach of any of the terms ...
Oman
STA Law Firm
The new bankruptcy law of oman shall come into effect on july 1st 2020, which was until now dealt by the commercial law and commercial companies law.
South Africa
Fasken
The state of the SOEs is particularly complex, sensitive and special.
Cliffe Dekker Hofmeyr
Kylene Weyers, Senior Associate in the Dispute Resolution practice joined Smile FM to discuss the voluntary liquidation of Bosasa and the SCA judgment which ...
Abrahams & Gross Inc.
An insolvent is automatically rehabilitated 10 years from date of sequestration of their estate.
Uganda
Bowmans
Bowmans partner, William Kasozi, and associates Brian Manyire, Edline Murungi and Joanitta Bogere wrote the Ugandan chapter of the Chambers and Partners Global Practice Guide on Insolvency 2019.
United Arab Emirates
BSA Ahmad Bin Hezeem & Associates LLP
Misconceptions persist among business owners and directors as to the purpose of the UAE Bankruptcy Law and its comparative likeness to international counterparts, notably the US Bankruptcy Code.
BSA Ahmad Bin Hezeem & Associates LLP
The new UAE Bankruptcy Law was widely discussed and debated upon its introduction in 2016. Brought in to encourage a ‘rescue culture', the regulations were hailed as a significant move in the ...
STA Law Firm
The new law viz. the Insolvency and Bankruptcy Code Ordinance (IBC 2019) has been amended recently and brought into effect from 2020 to protect the Corporate Debtor
Hassan Elhais
The new Bankruptcy Law (Federal Law Number 9 of 2016) is seen as a strategically improved law in comparison with previous insolvency laws.
BSA Ahmad Bin Hezeem & Associates LLP
UAE expat residents who find themselves in financial difficulties, indebted to the point where their options are limited, fleeing to the airport with hastily packed overstuffed cases and a one-way ticket
STA Law Firm
Singapore is not only an attractive tourist and shopping destination. On 23 May 2017, the Ministry of Law (Singapore) officially amended the Companies Act of 1967 with certain provisions
BSA Ahmad Bin Hezeem & Associates LLP
Prior to the recent passing of the Omani Royal Decree No 53/2019 (the "Bankruptcy Law"), Oman law contained limited legislation governing the area of bankruptcy
BSA Ahmad Bin Hezeem & Associates LLP
Starting your own business is one of the most exciting decisions you can take. But it is imperative to follow fundamental rules and keep certain key considerations in mind to avoid facing financial issues that may lead to bankruptcy.
Clyde & Co
India and the United Arab Emirates (‘UAE') have witnessed dynamic bilateral relations in the recent past. Leadership of both countries have endeavoured to bolster ties of the two economies which...
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