- News & Features
- Surveys & Data
- About Us
- Login | Register
NMC Healthcare’s administrators have failed to obtain directions on the effectiveness of the group’s restructuring carried out earlier this year, after a court in the Abu Dhabi General Market held it would be more appropriate for the issue to be decided at a trial next July.
15 November 2022
A controversial court decision on directors’ liability that raised eyebrows in the UAE last year has been partially overturned, in a decision clarifying that only directors responsible for a company’s losses will be held liable for its bankruptcy.
26 October 2022
Middle Eastern healthcare group NMC has restrained financial broker Noor Capital from pursuing enforcement proceedings against it in Dubai, with counsel to the group telling GRR the injunction prevents “one rogue creditor” undermining its successful restructuring.
10 October 2022
Abu Dhabi Commercial Bank has secured a worldwide freezing order against the former CEO of Middle Eastern healthcare group NMC, who it accuses of being part of a major fraud that led to the group’s collapse.
05 October 2022
A court in Abu Dhabi’s financial free zone has partially restrained financial broker Noor Capital from pursuing enforcement proceedings against restructured healthcare group NMC in Dubai, ahead of a hearing next week over a UAE judgment debt arising out of a December 2019 loan agreement.
28 September 2022
The Abu Dhabi Global Market has implemented reforms to its insolvency practitioner framework that do away with the need to have a registered office address in the financial free zone to obtain a license.
16 September 2022
Two companies in the Middle Eastern NMC Healthcare group have had their administrations extended in Abu Dhabi’s financial free zone to allow their administrators to continue investigations into the business and pursue litigation.
15 September 2022
Baker McKenzie has been disqualified from representing a Russian bank in US discovery proceedings in aid of an alleged fraud claim against a Dubai-based commodities trader, after a Georgia judge found the firm had a conflict of interest because it was approached to advise the trader in a liquidation last year.
02 September 2022
Grant Thornton has recruited one of GRR’s recently named “40 under 40” from Kroll to lead its United Arab Emirates financial restructuring and insolvency practice.
07 July 2022
The Abu Dhabi Global Market (ADGM) has floated potential reforms to attract more insolvency practitioners to register in the UAE free zone – and is seeking input.
13 June 2022
Unlock unlimited access to all Global Restructuring Review content