UAE's revised Bankruptcy Law extends valuable 12 months to struggling businesses
Winning an additional 12 months to pay off claims will be the biggest gain for troubled business from the UAE’s…
Legal
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COVID-19: UAE Cabinet approves amendments to bankruptcy law
The UAE Cabinet has amended bankruptcy law, adding new articles related to emergencies affecting trade or investment such as a…
Clyde & Co advises QTerminals on its acquisition of Akdeniz Port in Turkey
Global law firm Clyde & Co has advised Qatari port operator QTerminals on the sale and purchase agreement for the…
Hong Kong fines Goldman Sachs record $350m over 1MDB
The Securities and Futures Commission (SFC) has reprimanded and fined Goldman Sachs (Asia) L.L.C. (Goldman Sachs Asia) US$350 million (HK$2.71…
New UAE wealth management law a welcome game changer
As the founder and chairman of a family business, I heartily welcome the decision taken last week by Sheikh Mohammed…
Baker McKenzie announces latest global leadership shake-up
Baker McKenzie welcomes two new members to its Executive Committee, Shih Yann Loo and Melinda Phelan, while Ai Ai Wong…
PwC to offer solution for DIFC data law compliance
PwC Middle East has launched an innovative online solution to help organisations comply with the recently announced Dubai International Financial…
Latham & Watkins helps spin out Egypt’s new banking law
As part of the Republic of Egypt’s ongoing economic reform, the Central Bank of Egypt (CBE) has established new banking…
UK woman tried to fly to Dubai with $2.44 million in cash in five suitcases
A woman who tried to fly from London’s Heathrow Airport with five suitcases stuffed full of bank notes worth 1.9…
The rise of foundations in the UAE
Foundations have become a popular option for regional wealth structuring and succession planning in the UAE. Here, in a…
Dubai's top court dismisses tycoon's $115m damages claim for superyacht
Dubai's highest court has dismissed a $115 million damages claim filed as part of a high-profile and costly divorce case…
Dubai Buyout Firm Al Masah Liquidated After Its Founder Banned
Al Masah Capital is being liquidated after being fined for allegedly misleading investors about fees, according to court filings in…