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A Kuwaiti telecoms group has won permission to serve a second bankruptcy petition on a Saudi prince after he again failed to convince the High Court in London he has no place of residence in the UK.
19 May 2023
Specialist insolvency judges, greater clarity on the priority status of new money and better understanding and cooperation between onshore and offshore regimes: speakers from law and advisory firms, funds and banks in the Middle East provided food for thought for future restructuring reforms in the UAE and Saudi Arabia.
16 March 2023
Addleshaw Goddard has recruited Latham & Watkins counsel Amar Meher to lead its restructuring, banking and finance practices in Saudi Arabia.
15 March 2023
New procedures for recognising and enforcing foreign bankruptcies have been introduced in Saudi Arabia for the first time, which one local lawyer tells GRR should help to encourage investment in the country.
19 January 2023
Charles Russell Speechlys is seeking recognition of its appointment as liquidator of Bahraini investment bank Awal in the Cayman Islands and England, one month after a Bahraini court ordered the bank’s liquidation following a decade-long administration.
13 December 2022
London-listed international firm DWF has recruited a new partner in Riyadh from Saudi industrial investments company Dussur, who has credits on several restructurings in the MENA region.
02 November 2022
Teneo has appointed new leaders in the US and Saudi Arabia from lender and credit asset manager Golub Capital and financial services group Swicorp.
19 May 2022
A pair of Saudi Arabian construction and contracting companies have completed restructurings under the Kingdom’s four-year-old financial reorganisation regime, with the help of Deloitte, Latham & Watkins and Middle East-focused firm LawArche.
13 April 2022
A Kuwaiti telecoms company may finally serve a two-year-old English bankruptcy petition on a Saudi prince, after the High Court reasoned the prince’s name being registered for council tax in London meant he had a place of residence there.
05 April 2022
Updated: King & Spalding, Deloitte and Latham & Watkins have helped close the US$2 billion restructuring of Saudi Arabian construction group Azmeel Contracting under the kingdom’s four-year-old bankruptcy law, in what is the first time perpetual sukuk have been used for a Saudi restructuring.
04 February 2022
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