Regional news: United Arab Emirates
Quantuma expands into the Middle East
Eight months after launching its first Cayman Islands office, UK-headquartered Quantuma has expanded its international footprint again with a new office in Dubai.
10 September 2021
McLeod Russel secures appeal against Indian insolvency
The chairman of global tea producer McLeod Russel India has won an appeal hearing against a National Company Law Tribunal order that placed the company into an insolvency process earlier this month.
27 August 2021
NMC group update reveals creditor vote date
The NMC group has announced it will hold meetings of creditors for its 35 deeds of company arrangement on 1 September, in a detailed update also noting the various proceedings it has been pursuing - and fighting - in onshore and offshore courts across the UAE.
13 August 2021
NCLTea: Global tea producer forced into insolvency proceedings
India’s National Company Law Tribunal has accepted a creditor’s corporate insolvency resolution application against the world’s largest tea grower, after the company defaulted on a loan agreement.
09 August 2021
Teneo hires new valuation head in London
Two months after acquiring Deloitte’s UK restructuring arm, New York-headquartered advisory firm Teneo has hired Alvarez & Marsal managing director Martin Drummond to lead its valuation advisory practice in London.
30 July 2021
Latham & Watkins re-hires partner in Dubai
Latham & Watkins has re-hired a partner in Dubai after he spent four years in-house at Dubai Holding, the global investment company of the Emirate's ruler.
26 July 2021
GÖRG partner appointed over kitchenware company
Germany-based kitchenware company Neue Alno has filed for insolvency for the second time in four years, with GÖRG partner Holger Leichtle appointed as provisional trustee.
19 July 2021
NMC Healthcare administrators prep for London arbitration
NMC Healthcare’s ADGM administrators and Dubai Islamic Bank have agreed to a London arbitration to resolve their disputes over insurance receivables the bank claims it is entitled to as security.
16 July 2021
Reasons published for NMC Healthcare’s UK recognition
Sir Alastair Norris has released his reasons for recognising NMC Healthcare’s Abu Dhabi administrations as foreign main proceedings, and for imposing a moratorium to bind secured creditors.
01 July 2021
NMC Healthcare’s Abu Dhabi administrators secure English recognition
The Abu Dhabi General Market administrators of NMC Healthcare have secured recognition in England, with a London court finding the group’s insolvency proceedings constituted foreign main proceedings.
16 June 2021