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Middle East & Africa
Insolvency/Bankruptcy
Israel
Yigal Arnon & Co
Israel recently enacted a new Insolvency Law, which came into effect in September 2019. The statute substantially revises procedures and substantive rights in connection with corporate insolvency
Mauritius
Appleby
This is the second in a series of Mauritius Regulatory Alerts in which we bring you an overview of the latest legal and regulatory developments in the offshore world, with a particular focus on Mauritius.
ENSafrica
The Fourth Schedule of the Insolvency Act is amended to amend priority in which preferential creditors have to be paid.
Nigeria
PUNUKA Attorneys & Solicitors
Various reforms have been ongoing in the financial and commercial landscape for doing business in Nigeria, which impacts on insolvency and restructuring practice in Nigeria.
AAA Chambers
To maintain and grow a functional economy, investors often require loans which are made available by commercial banks and other financial institutions using its depositors' funds upon security furnished for the repayment of such loans by the borrowing investors.
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.
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
Hassan Elhais
New Insolvency or Bankruptcy law for individuals has recently received quite a lot of attention from foreign expatriates living in UAE.
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
Clyde & Co
The Dubai Multi Commodities Centre (DMCC) Authority has issued a new set of Companies Regulations 2020, updating the DMCC...
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
Dubai is in the final countdown for the preparation of the long-awaited Expo 2020, which is set to open a year from now, in October.
Uzbekistan
GRATA International
Despite being relatively new, the current bankruptcy law in Uzbekistan (initially adopted in early 1990s) has improved drastically over the last decades.
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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