A month after recruiting a new head for its Caribbean offering, UK-headquartered advisory firm Quantuma has added a cross-border specialist from Big Four firm PwC to its British Virgin Islands office.
07 March 2024
A former subsidiary of Russia’s Sberbank has asked a US court to help it obtain discovery from Houlihan Lokey for use in Maltese litigation it launched last year, claiming it is the victim of a scheme to “fraudulently remove” it from the ownership of restructured Croatian conglomerate Agrokor.
22 February 2024
The owners of Ukrainian grain terminal operator GNT Group have failed to overturn a worldwide freezing order issued against them by an English court last year at the request of security trustee Madison Pacific Trust, which is pursuing enforcement action against the pair in the UK, Ukraine, Cyprus, Switzerland and Dubai.
12 February 2024
Two shareholders of UAE investment group KBBO have secured UK recognition of their Abu Dhabi personal bankruptcies, after an English judge found a Dubai court’s refusal to recognise the proceedings under the Model Law in 2022 had “no relevance” to the application in the UK.
31 January 2024
Saudi Arabia’s bankruptcy law may be young, but it has adopted best practices from across the globe and has already successfully restructured some “mega businesses”, the general secretary of the Bankruptcy Commission of Saudi Arabia told attendees at INSOL International’s inaugural conference in Riyadh last week.
31 January 2024
A former Allen & Overy partner who advised US aluminium manufacturer Alcoa on the 2020 restructuring of one of its Saudi joint ventures has re-joined the firm after 11 years as Freshfields’ head of finance in the MENA region.
10 January 2024
A committee of unsecured creditors in Greek shipping group Eletson’s Chapter 11 restructuring has failed to reinstate an automatic stay against the debtor, which was lifted last year to allow it to pursue an arbitration.
10 January 2024
UAE-owned bank Invest Bank tapped Freshfields for a restructuring completed at the tail end of last year, which included a first-of-its-kind guarantee from the Sharjah government for a loan and asset portfolio.
04 January 2024
Separate, multibillion-dollar claims brought by the Abu Dhabi Commercial Bank and NMC group’s administrators against its former CFO are headed for a joint trial, following a pair of decisions from a court in Abu Dhabi’s financial freezone that show the extent of multijurisdictional litigation arising from the healthcare provider’s collapse.
02 January 2024
Earlier this year, Alvarez & Marsal, Dechert and GRR hosted a panel of distinguished advisers and investors in Dubai to examine what the future holds for the burgeoning restructuring market in the Middle East. We asked where the distressed investment opportunities lie, what challenges parties face in exploiting them, and whether the local onshore and offshore regimes can handle complex, cross-border cases?
21 December 2023
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